DTCC: Launches electronic CD service
- DTCC is the premier post-trade market infrastructure for the global financial services industry
- Announced the launch of its new Underwriting Central (UWC) platform, an automated service for electronic Certificates of Deposit (CD)
- The new, digital UWC platform provides a paperless process for the delivery of CDs, increasing efficiency through automation
- It also represents an important step in bringing the industry closer to achieving full dematerialization
- With DTC’s new UWC platform, issuers can now streamline the underwriting process, seamlessly creating, signing, and delivering CDs within hours
- The new platform leverages electronic vaulting technology to transmit and store data
