Tim Donohue

"It really helped us see what it would be like to clear trades real-time," said Tim Donohue, OCC Roundtable Member and Vice President, Bank of America."ENCORE will ready the industry for T+1, as well as save a lot of man-hours and costs in data entry."

A copy of the Roundtable ENCORE presentation was mailed to all Clearing Members in April.

Tim Donohue