The Case for a Single Trade Repository for Each Asset Class of OTC Derivatives Contracts

From a public policy perspective and in the interests of ensuring the stability and transparency of financial markets, there must be a consolidated, comprehensive single entity that collects and maintains the underlying position data and makes it available to regulators in the most efficient, timely and usable manner.

Transforming Corporate Actions

DTCC, SWIFT and XBRL US have joined forces to improve issuer to investor communications for corporate action announcements in the U.S. market.

The goal is to promote straight-through processing (STP) of information from issuers through to investors and substantially reduce the market risks and costs associated with the corporate action announcement process.

Creating a Central Counterparty for Mortgage-backed Securities Trading

The operation of a central counterparty (CCP) is expected to revolutionize how trades are cleared and settled in the mortgage-backed securities market, where trading in the U.S. now surpasses $100 trillion annually. The CCP will make trade processing easier, cheaper and less risky.

DTCC's No More Paper Campaign

Q: What's wrong with paper certificates?
They're expensive to issue, store, ship and insure. And every year more than 1.2 million are reported lost, stolen or counterfeit, costing investors as much as $50 million to get replacements issued.

The DTCC Reengineering Project

The Depository Trust & Clearing Corporation (DTCC) has undertaken the reengineering of its core systems for securities underwriting and corporate actions processing for the U.S. financial services industry. The initiative will create a single new platform, replacing more than 60 separate underwriting and corporate actions legacy systems that have evolved over the past three decades. The integrated platform will streamline processing, generate further efficiencies, reduce costs and provide greater flexibility — dramatically transforming how these systems manage information.

Business Continuity Planning (BCP)

DTCC has established operations and staff in multiple locations, including locations outside New York City as well as outside the region. All locations are fully operational, including the multiple data centers and the multiple command centers, and all critical business functions can be conducted from locations outside the metropolitan area.

Naked Short Selling

Short selling is a trading strategy where a broker/dealer or investor believes that a stock is overvalued and is likely to decline. It is an integral part of the way our capital market system works. Basically, it involves borrowing stock that you don't own and selling it on the open market. You then buy it back at a later date, hopefully at a lower price, and as a result, making a profit.

DTCC Executive Forum 2009: Leveraging DTCC to Support Industry Transformation

DTCC hosted its second annual forum for senior executives of customer firms on Oct. 28 in New York. DTCC organized the all-day meeting, attended by approximately 100 executives, to enhance its outreach and communication at the senior level of customer firms.

Under the day's theme, "Leveraging DTCC to Support Industry Transformation," DTCC managing directors, industry executives and Washington experts weighed in on the role infrastructure can – and should – play in the re-regulation that is taking place in the financial services industry globally.