The Alternative Data Podcast The DTCC Episode
12 snips
Apr 11, 2022 Tim Lind from the Depository Trust & Clearing Corporation dives into the unsung importance of the DTCC within capital markets. He discusses the shift from physical stock certificates to digital ownership, highlighting the need for real-time data visibility. Tim also explores the transition from LIBOR to new financial benchmarks, emphasizing the necessity of alternative indices. The conversation reflects on the evolving landscape of retail investing, particularly how technology and social media are reshaping the behavior of young investors compared to traditional institutions.
AI Snips
Chapters
Transcript
Episode notes
DTCC's Key Role
- The DTCC is a crucial but often overlooked part of the financial market infrastructure.
- It ensures smooth trade settlement and risk management, acting as a central counterparty.
Tim Lind's Background
- Tim Lind's background includes experience in custodian banks, market data companies, and trade processing.
- This diverse experience led him to his current role at DTCC, overseeing data services.
DTCC as Intermediary
- The DTCC acts as an intermediary in trades, ensuring the buyer receives the asset and the seller receives the money.
- It manages risk by guaranteeing contract performance and facilitating the change of beneficial ownership.