A press release says, "The Depository Trust & Clearing Corporation (​DTCC) today announced that it is proposing changes to its settlement processing for money market instruments (​MMIs) to boost efficiencies, improve intraday settlement finality and further reduce credit and liquidity risk in the MMI market. In a white paper to the industry – "Reducing Risk and Enhancing Intraday Finality in the Settlement of Money Market Instruments" – DTCC, through its depository, The Depository Trust Company (​DTC), plans to enhance the settlement model to eliminate the risks that come with intraday reversals of transactions in DTC'​s MMI system. These enhancements are subject to regulatory approval." Susan Cosgrove, DTCC Managing Director and General Manager, Settlement and Asset Services, comments, "The MMI process at DTC has facilitated the growth of MMIs over the years by offering enormous settlement transaction efficiencies. As the next phase of development, DTC will continue to promote risk mitigation and improve intraday finality, but will also introduce a new optimization engine to retain settlement efficiency for DTC and its members."

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