The Depository Trust & Clearing Corporation (DTCC) announced today that Japan’s Higo Bank has adopted DTCC’s ITP services to automate their middle and back office, helping them achieve no touch processing across domestic and cross-border transactions.
Higo Bank, the largest Japanese regional bank in Kumamoto Prefecture, selected CTM, including CTM’s Match to Instruct (M2i) workflow, ALERT, and Settlement Instruction Manager to further automate their equities and fixed income post-trade processing. By increasing automation in this critical area, Higo Bank has removed manual touchpoints and created a faster and more efficient post-trade process allowing them to reduce risk and costs.
The adoption of ITP’s suite of services comes at a critical time as jurisdictions around the world are considering a move to T+1 settlement following…
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