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  • Money Market Instrument (MMI) Acronym Payment Failure Processing

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    MMI Acronym Payment Failure processing is designed to protect DTC and notify Participants if there is no timely MMI Funding Acknowledgment from the IPA(s) for an Acronym for which presentments are due on that day and/or DTC is aware that the issuer of an Acronym is insolvent and therefore payments due to Participants relating to presentments for that Acronym will not be funded by IPA(s) through...
  • Temporary Acronym Payment Failure Process

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    "Temporary Acronym Payment Failure" with respect to Income Presentments occurs when an IPA notifies DTC of issuer's temporary inability to fund Income Presentments (IPs) and therefore the IPA refuses to pay Income Presentments for the Acronym. This is a situation that DTC expects the issuer and/or IPA to resolve by the next Business Day. Using the IPA Decision Making Application (IPA DMA) or...
  • MMI Finality Through Optimization

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    DTCC, through its depository, The Depository Trust Company (DTC), plans to enhance its current settlement model to eliminate risks associated with intraday reversals of transactions in DTC’s MMI system that are the result of issuer failure. The proposed MMI settlement model will require changes to DTC’s “refusal to pay” procedures and to current market practices by investors, issuers,...
  • MMI Finality

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    Click to view the full list of proprietary formats and ISO 15022 messages that are impacted by the MMI Finality Through Optimization initiative.
  • MMI Finality

    0.00 ( 0 votes )
    Click to view the full list of proprietary formats and ISO 15022 messages that are impacted by the MMI Finality Through Optimization initiative.
  • Money Market Instrument (MMI) Processing

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    MMIs are subject to, and are processed in accordance with, Rule 9(A), Rule 9(B), Rule 9(C) of DTC and the Procedures set forth in this Settlement Service Guide. MMI Funding Acknowledgment by the IPA Subject to DTC risk controls, DTC processes maturing Presentments for delivery versus payment to the applicable IPA with respect to an Acronym in the Rules and these Procedures only after an...

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