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2008 Press Releases
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October 02, 2008
DTCC Appraised as a CMMI Level 3 Organization
DTCC announced today that it has been appraised at a Capability Maturity Model® Integration (CMMI®) Level 3, the only U.S. financial services organization to have achieved this rating across its entire enterprise.
October 01, 2008
DTCC Names Robert Peiffer as Managing Director and General Auditor

DTCC today announced the appointment of Robert Peiffer as managing director and general auditor. In this position, he will lead all internal audit activities of DTCC and its global subsidiaries.

September 24, 2008
DTCC Launches New Global Reconciliation Service for the Syndicated Loan Market
The Depository Trust & Clearing Corporation (DTCC) today announced the launch of its Loan/SERV Reconciliation Service that will help automate and streamline the processing of syndicated commercial loans by enabling agent banks and lenders to view and reconcile loan positions on a daily basis.
September 22, 2008
Five New Firms Sign Up With EuroCCP As Turquoise's Clearing, Settlement Provider Sees Transaction Volumes Hit 400,000 a Day
EuroCCP announced today that it has already hit a peak volume day of 400,000 transactions as clearing and settlement services for the Turquoise pan-European trading platform extends to 1,300 securities in 13 European national markets.
September 18, 2008
DTCC Handles Record Volumes During Volatile Trading Week
For the third time in three days, The Depository Trust & Clearing Corporation (DTCC) seamlessly processed record volumes of transactions, handling 154.6 million sides on September 17 -- a 21% increase since Monday. On Monday, September 15, DTCC processed 127.9 million transactions and handled 154.3 million sides on September 16.
September 08, 2008
DTCC’S White Paper Calls for Automation of Syndicated Loan Processing

Increasing costs and inefficiencies will impede the growth of the global syndicated loan market unless steps are taken to automate and streamline syndicated loan processing, according to a white paper issued today by The Depository Trust & Clearing Corporation (DTCC).

September 03, 2008
New Study on Unified Managed Accounts Reveals Growing Need for Infrastructure Standardization

Rapid growth in unified managed accounts (UMAs) will be undermined unless the need for greater industry standardization and automation can be addressed soon, according to a report issued by Dover Financial Research LLC, a well-known firm in the managed accounts industry.

August 25, 2008
DTCC Expands Canadian Settlement with New Corporate Action Services

The Depository Trust & Clearing Corporation (DTCC) today announced the enhancement of its settlement link with CDS Clearing and Depository Services Inc.(CDS) to offer new corporate action benefits including dividend, redemption and reorganization services.

August 13, 2008
EuroCCP To Launch Clearing & Settlement System Friday
EuroCCP is expected to launch on Friday with 15 firms having gained approval as clearing participants, including the nine founding members of Turquoise and six other firms.
August 11, 2008
DTCC Launches New ID Net Service to Streamline Clearance and Settlement of Affirmed Institutional Equity Trades
By combining and netting the broker side of affirmed institutional equity trades, ID Net, a new joint service offering of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC), streamlines clearance and settlement, cuts customer costs and reduces fails associated with affirmed institutional equity trades. The U.S. Securities and Exchange Commission recently approved rule changes from DTC and NSCC allowing them to launch ID Net.
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Reengineering Project

DTCC has undertaken the reengineering of its core systems for securities underwriting and corporate actions processing for the U.S. financial services industry.

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