On this episode of Boxes and Lines, Ronan and JR talk to Ann Shuman, General Counsel of the DTCC (Depository Trust and Clearing Corporation) who previously served as the Deputy General Counsel of CME Group, the world's largest and most diverse derivatives marketplace. They talk about why the DTCC is critical and what its functions are, as well as different risks, settlements, and new rules in treasury clearing put forth by the SEC. Recorded on September 15, 2022.