State Street’s Collateral + business has gone live with DTCC’s Margin Transit Utility (MTU), which has been designed for simplifying the transfer of collateral among market participants. By leveraging MTU, State Street’s Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral while connecting to and sharing information with multiple counterparties on behalf of its clients. MTU helps reduce operational risk by standardising and automating the margin process from the point of agreement through to settlement. It also helps to eliminate the need of using faxes and emails for processing margin and settlement activity.
