Baton Systems Integrates DTCC’s FICC and NSCC with Core-Collateral Network Ahead of SEC Mandate

Baton Systems has announced the integration of The Depository Trust & Clearing Corporation’s Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC) with its Core-Collateral network. This development provides Baton’s clients with direct access to FICC as they prepare for the SEC’s U.S. Treasury clearing mandate, which will come into effect on 31 December 2026 for cash transactions and 30 June 2027 for repo transactions.

The integration allows clients to streamline collateral management for US Treasuries cleared through FICC, offering real-time balance updates, eligibility schedules, and efficient instruction of asset movements. Baton’s solution enhances access and control, supports collateral optimisation, and facilitates compliance with upcoming regulatory changes. The first client is now live, managing collateral at FICC through the Core-Collateral network.