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DTCC: The Depository Trust & Clearing Corporation

February 4, 2020

DTCC: The Depository Trust & Clearing Corporation 

February 4, 2020

The Depository Trust Company (DTC) was created in 1973 in response to Wall Street’s “paperwork crisis” brought on by a sharp increase in securities trading and the growing number of trades that failed to settle. In 1976, National Securities Clearing Corporation (NSCC) began operations in a move to centralize the clearing and settlement of listed and OTC securities transactions. In 1999, the Depository Trust & Clearing Corporation (DTCC) is created with the affiliation of DTC and NSCC under the single DTCC corporate umbrella. At the center of securities trading activity, DTCC has a unique vantage point to anticipate and lead change to protect and shape the future of the capital markets.

DTCC Capabilities

DTCC, through its subsidiaries, advances industry-leading solutions that help secure and shape the future growth and development of the global financial marketplace. Today, DTCC is processing trillions of dollars of securities transactions on a daily basis.

The DTCC Promise

As a global financial services leader, DTCC proactively develops solutions to secure today’s marketplace, while shaping the future of the industry. DTCC promises to stand at the forefront of innovation to mitigate risk, create market efficiencies and reduce costs.

Institutional Trade Processing

DTCC’s Institutional Trade Processing (ITP) service suite has its origins in the set of trade processing solutions that constituted the Omgeo business. Combining DTCC’s global solution for legal entity identifiers and its settlement capabilities with the formerly Omgeo-branded pre-trade and matching services, ITP offers buy-side, sell-side and custodian firms an end-to-end straight-through-processing solution for their trading activity.

Clearing Services

DTCC subsidiaries National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation (FICC) deliver highly efficient clearing services across the U.S. equities and fixed income markets, reducing risk and cost for clients, while ensuring safety and reliability in the marketplace.

Settlement & Asset Services

The Depository Trust Company (DTC), DTCC’s central securities depository subsidiary, provides settlement services for virtually all equity, corporate and municipal debt trades and Money Market Instruments in the U.S.

Wealth Management Services

Wealth Management Services (WMS) includes three of DTCC’s business lines: Mutual Fund Services, Alternative Investment Product Services and Insurance & Retirement Services. These businesses drive centralized, automated processing and information services for the mutual funds, alternative investment, insurance and retirement markets.

Other Services

• Collateral Management

• Repository & Derivative Services

• Risk & Regulatory Compliance

• Announcement and Security Reference

• Liquidity & Benchmark Analytics

For more information see www.dtcc.com.

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Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.