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DTCC’s 2005 Development Agenda Q3 Update

Bill Hodash Managing Director DTCC. DTCC’s 2005 Development Agenda Q3 Update. What is the Development Agenda?. Early each year, DTCC publishes a comprehensive list of the major programs it plans to advance over the course of the coming year.

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DTCC’s 2005 Development Agenda Q3 Update

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  1. Bill Hodash Managing Director DTCC DTCC’s 2005 Development AgendaQ3 Update

  2. What is the Development Agenda? • Early each year, DTCC publishes a comprehensive list of the major programs it plans to advance over the course of the coming year. • Over the course of the year, priorities and plans can change, resulting in acceleration, deceleration or cancellation of specific initiatives. To keep the industry informed on these changes, DTCC issues four quarterly updates of progress against the original plan.

  3. DTCC Enterprise-wide Activities Business Continuity • SBC • RDC / ADC • Participant Testing

  4. DTCC Enterprise-wide Activities Clearing Corporation Insourcing • DTCC successfully insourced data processing support for NSCC applications from SIAC’s Shared Data Center to DTCC’s data center complex in 2004. • In 2005, insourcing efforts have been focused on FICC applications. All core FICC systems and supporting infrastructure have now been insourced to DTCC, 2 ½ months ahead of schedule.

  5. DTCC Enterprise-wide Activities Communication Upgrades • Migrating from legacy networks • Retiring legacy interface technologies • PBS replacement of PTS

  6. DTCC Enterprise-wide Activities Billing Modernization • In 2004, DTCC implemented a new billing system and made available PDF and spreadsheet versions of NSCC and DTC invoices. • Invoices for Proxy have been moved on the new billing system and will be available as customers are moved over to the upgraded Proxy service. Conversion of SMART Network invoices has been postponed until Q1 2006.

  7. Equity Clearance and Settlement Canadian Dollar Settlement Service • Develop a system to facilitate the settlement of Canadian dollar transactions between DTC and Canadian Depository for Securities, Ltd (CDS) participants.

  8. Fixed Income Clearance and Settlement Money Market Instruments (MMIs) • Develop hybrids processing automation

  9. Asset Services Global Corporate Action (GCA) Services • Enhance the efficiency, coverage and global footprint of the GCA Validation Service to meet the needs of additional customers Corporate Action Systems Reengineering • Redesign systems consistent with the strategic goals of risk mitigation, cost reduction and streamlined processing

  10. Asset Services Underwriting Systems Reengineering • Redesign systems to improve the underwriting process consistent with the strategic goals of risk mitigation and cost reduction. Complex Securities Servicing • Establish best practices and performance metrics for the handling of complex securities.

  11. Asset Services Immobilization and Dematerialization • Improve transfer-processing efficiencies and reduce vault holdings in defunct issues Restricted Securities • Continue to implement new services to streamline the lifting of restrictions on securities

  12. Network Services/Technology SMART/Search for Archived Reports • Provide expanded functionality for depository and clearing corporation customers using this online report archive service

  13. Network Services/Technology Message Delivery System Replacement • Upgrade message communication to customers. Customer Self-Service Capabilities • Enhance the DTCC customer service experience by improving customer support functionality for DTCC browser based products.

  14. THANK YOU! We look forward to seeing everyone at the 2006 BDUG Annual Meeting in Tampa Bay

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