Underwriting Reengineering

With the new municipal bond and equities underwriting systems up and running, The Depository Trust Company (DTC) has turned to the final phase of the multi-year underwriting reengineering, which will cover corporate debt issues. Customer testing will begin in the third quarter of 2010, followed by a fourth-quarter transition into production, with the system becoming mandatory January 1, 2011.

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Corporate Actions Reengineering

In preparation for future development planning, we would like to announce the implementation timeline for the DTCC Corporate Actions Reengineering initiative. As you are aware, this reengineering will, over time, upgrade and replace many of the 60 legacy systems that currently support corporate actions at DTCC.

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