Northern Trust To Leverage GlobalCollateral Ltd’s Margin Settlement Messaging Service - Global Fund Administrator Adopts Solution To Increase Transparency, Enhance Client Service And Improve Custodian Communications

DTCC-Euroclear GlobalCollateral Ltd, a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), today announced that Northern Trust, one of the world’s largest fund administrators, will implement GlobalCollateral’s Settlement Messaging Service. The adoption of the service will streamline Northern Trust’s margin call process, increase transparency through automated collateral settlement tracking, enhance client service and improve custodian communications.