If firms have not signed up to the Protocol, can they continue to use DTCC to confirm their Covered Transactions?
Yes, they can continue to use DTCC; the Supplement applies to new trades even if a party has not adhered their historic trades. However, parties should be aware that DTCC will include all trades in the TIW for Credit Event and Succession Event processing determinations made by the DC regardless of whether a party has adhered.
Related Questions
- Can firms that have been voluntarily reporting Aii transactions as OTC derivative transactions continue to do so following the Zen implementation soft go-live date?
- If firms have not signed up to the Protocol, can they continue to use DTCC to confirm their Covered Transactions?
- What transactions are covered by the Second Protocol?
