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State Street’s Collateral+ is Now Connected to DTCC’s Margin Transit Utility (MTU)

State Street Corporation announced that its Collateral+ business is operational 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 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 service helps reduce operational risk by standardizing and automating the margin process from the point of agreement through to settlement. It also helps eliminate the need of using faxes and emails for processing margin and settlement activity.

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