2011 Development Agenda

At the end of 2010, in response to DTCC‟s experiences in the financial crisis of 2007-08 and the “lessons learned” from those events, DTCC‟s Board and management adopted new “mission” and “vision” statements for the organization, expressing DTCC‟s mission as:

We protect our clients and financial markets and systems as a whole. We leverage our scale and expertise to perfect a more robust, unified infrastructure and promote solutions that systematically reduce risks, amplify operating efficiency and minimize cost.

and its post-crisis vision as:

We are unwavering in our commitment to drive out risks and costs. To achieve this, we partner with clients to bring stability to the global financial markets and create efficiencies for an ever-expanding industry.

Both statements emphasize DTCC‟s critical role in mitigating and managing risk for market participants and the financial markets as a whole – a primary objective over DTCC‟s more than four decades of existence. Maximizing the impact DTCC‟s initiatives will have on risks – ensuring substantial benefits in reduced risks for the industry and the markets, and safeguarding against creating undue “costs” for DTCC itself in terms of risks for DTCC that it must control and reduce – is a key guiding objective in creating each year‟s portfolio of initiatives that the organization is committing resources to.

This year, as in the past, DTCC is setting forth its portfolio of initiatives in its Development Agenda for 2011, a comprehensive list of the major programs it plans to advance over the course of the coming year. This agenda, one of many ways DTCC keeps the industry informed, provides a useful vehicle for clients to see what is coming down the road, including actions they must take to ensure readiness for enhancements and new services. While most initiatives are tied to technology development projects, these updates also cover industry discussion groups, rule filings, contingency programs, etc.

The initiatives highlighted in this year‟s Development Agenda exemplify DTCC‟s continued emphasis on risk issues, and represent our commitment to carry out the mission and vision statements described above.

• Download 2011 Development Agenda (pdf)
• Download 2010 Q3 Update (pdf)
• Download 2010 Q2 Update (pdf)
• Download 2010 Q1 Update (pdf)

If you have a question about anything in this document, we urge you to consult your Relationship Manager or the appropriate contact person listed herein.