State Street signs up for margin messaging service

State Street Corporation has agreed to participate in a pilot programme to test the Margin Settlement Messaging Service offered by DTCC-Euroclear GlobalCollateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation.

GlobalCollateral’s Margin Settlement Messaging Service been developed to provide straight-through-processing for the settlement of margin obligations, further streamlining margin call processes, increasing transparency through automated collateral settlement tracking, enhancing client service, and improving custodian communications.