India, Feb. 11 -- Tata Consultancy Services (TCS) has signed an agreement to modernize the depository system of Muscat Clearing and Depository (MCD), Oman's central securities depository. TCS will implement TCS BaNCS' for Market Infrastructure and Quartz' to future-proof MCD's operations.MCD provides comprehensive Clearing, Settlement & Depository (CSD) services to all market participants. In addition to providing best-in-class CSD solutions, MCD will now benefit from TCS's global expertise and ability to offer new services to the market such as collateral management, central counterparty clearing and risk management. MCD will also collaborate with TCS to implement solutions from Quartz as part of this modernization initiative. TCS will als...