Goldman Sachs Surpasses 99% Same-Day Affirmation Rate with DTCC’s CTM’s M2i Workflow

With T+1 settlement now just three months away, Goldman Sachs & Co. LLC has achieved over a 99% same-day affirmation rate and significant improvements in settlement rates for transactions using DTCC’s CTM’s Match to Instruct (M2i) workflow in Q4 2023. This includes a 38% decrease in same-day affirmation exceptions and a 64% reduction in US settlement fails by value among investment manager counterparties.

CTM’s M2i workflow, a central matching service for cross-border and domestic transactions across multiple asset classes, is a key component of DTCC’s Institutional Trade Processing (ITP) suite and facilitates central matching and auto-affirmation for DTC-eligible securities, significantly improving same-day affirmation rates and efficiency in trade processing.