6 Feb 2025
💰DTC Proposes $3 Billion Senior Notes for Enhanced Liquidity Resources
Self-Regulatory Organizations; The Depository Trust Company; Notice of No Objection to Advance Notice, as Modified by Amendment No. 1, To Raise Prefunded Liquidity Resources Through the Periodic Issuance and Private Placement of Senior Notes
Summary
The SEC has approved DTC's advance notice concerning the issuance and private placement of senior notes, aiming to raise up to $3 billion in liquidity resources. This initiative is designed to strengthen DTC’s risk management framework and ensure it meets its settlement obligations, thereby improving overall financial system stability.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines DTC's proposed issuance of up to $3 billion in senior notes to enhance liquidity resources, which has direct implications for clearinghouse operations, risk management, and financial stability, impacting businesses engaged with DTC's services.