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2002 Press Releases
March 07, 2007DTCC Processes Record Volumes in 2001The Depository Trust & Clearing Corporation (DTCC) reported $819 million in revenue for 2001 from fees charged by its subsidiaries for record volumes of post-trade processing, custody and asset servicing of financial instruments, including equities, municipal and corporate bonds, unit investment trusts, mutual fund and insurance transactions.
November 19, 2002DTCC: and ADP Sign Agreement to Streamline Year-End Tax ReportingADP Brokerage Services Group (ADP), a division of Automatic Data Processing, Inc. (NYSE: ADP), has entered into an agreement with The Depository Trust & Clearing Corporation (DTCC) to distribute the depository's Domestic Tax Reporting Service (DTax) to ADP clients.
October 23, 2002John W. Cummings of Merrill Lynch Elected to DTCC Board of DirectorsJohn W. Cummings, senior vice president and chief operating officer of Global Technology & Services at Merrill Lynch & Co., Inc. and a member of the firm's Executive Management Committee, has been elected to The Depository Trust & Clearing Corporation's (DTCC) Board of Directors.
October 16, 2002DTCC: GSCC and MBSCC to Merge Into New Fixed Income Clearing CorporationGovernment Securities Clearing Corporation (GSCC) and MBS Clearing Corporation (MBSCC) have filed with the Securities and Exchange Commission (SEC) for permission to merge the two organizations into a new clearing organization to be called the Fixed Income Clearing Corporation (FICC).
September 09, 2002Most DTCC Processing to be Normal During September 11The Depository Trust & Clearing Corporation's subsidiaries processing for most clearance and settlement functions will occur according to normal schedules on Wednesday, Sept. 11, 2002, despite the late opening of U.S. stock exchanges due to 9/11 observances. That processing involves the flow of trade data and settlement information into and out of DTCC's subsidiaries, and settlement activities involving the movement of money and securities.
