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2005 Press Releases
December 12, 2005DTCC General Counsel Larry E. Thompson to be Honored by New York County Lawyers' AssociationThe New York County Lawyers' Association (NYCLA) announced it will honor Larry E. Thompson, general counsel of The Depository Trust & Clearing Corporation (DTCC), at the organization's 91st Annual Dinner on Dec. 13, 2005. Thompson is being honored with other prominent New York lawyers as a part of the organization's dinner theme of "Celebrating Jurists and Lawyers of Color."
December 06, 2005DTCC Announces Fee Reductions for 2006 Totaling More Than $161 MillionDTCC today announced 2006 fee changes for its subsidiaries that implement net fee reductions totaling $161.3 million, the largest net reduction in fees ever made by DTCC. The fee changes, which will generally take effect January 2, 2006, are being made across DTCC's subsidiaries including National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC) and Fixed Income Clearing Corporation (FICC).
December 05, 2005ADP and DTCC to Offer Joint Tax Information Reporting ServiceADP Investor Communication Services (ADP ICS), a division of Automatic Data Processing's (NYSE: ADP) Brokerage Services Group, announced today that they have formed a strategic alliance with The Depository Trust & Clearing Corporation (DTCC) to provide a joint, comprehensive tax information reporting service to banks and brokerage firms.
November 02, 2005DTCC To Begin Processing Mutual Fund Commission Payments Between BrokersDTCC announced that it is expanding the scope of its mutual funds' Commission Settlement service to include settlement of broker-to-broker transactions, an enhancement that will bring increased efficiencies to the mutual fund industry, particularly to those firms active in retirement planning.
October 18, 2005Media Statement on Refco BankruptcyDTCC today notified participant firms at its three subsidiaries that Refco Securities, LLC (Refco), the securities subsidiary of Refco, Inc., has
not filed for Chapter 11 bankruptcy, and continues to be a Member in good standing at all three subsidiaries: National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC), and Fixed Income Clearing Corporation (FICC).
October 14, 2005Media Statement on RefcoRefco Securities, LLC ("Refco"), an indirect subsidiary of Refco Inc., doing business through subsidiaries of The Depository Trust & Clearing Corporation (DTCC), has informed DTCC that it will begin the process of winding down its business with those subsidiaries.