Smart Solutions for OTC Derivatives

Janet Wynn, DTCC Managing Director and General Manager, DTCC Deriv/SERV LLC
For hedge funds, asset managers and other buy-side institutions, over-the-counter (OTC) derivatives are an increasingly important element of their investment and trading strategies.

This article originally appeared in FT Mandate, February 2008.

One Less Compliance Issue - Annuity Fund Transfers

John Ziambras, DTCC Managing Director and Insurance Services General Manager

Once upon a time, compliance was a lower case "c" and lived in a small room somewhere in a company's legal department. All that changed with the discovery in 2003 of market abuses that eventually led regulators to impose whopping fines and, of course, issue more regulations.

This bylined article originally appeared in Annuity Market News, June 2007.

Stop the Presses

Janet Wynn, DTCC Managing Director

They're expensive to administer and easy to lose, but paper securities certificates are still a requirement in some jurisdictions. However, electronic stockholding may at last be about to take hold.

This bylined article originally appeared in Financial i magazine, December 2005.

When Will the Paper Chase Ever End in Arizona?

Janet Wynn, DTCC Managing Director

This past May, Delaware joined a growing number of states in helping to modernize the financial services industry by eliminating the requirement for public companies incorporated there to issue paper stock certificates.

This bylined article originally appeared in The Business Journal, July 8, 2005 (at the request of the publication, this article may be viewed, but not printed).

Business Continuity: Facing the Challenge

Ann Bergin, DTCC Managing Director, Wealth Management Services

In a world which has seen many uncertainties removed in recent times, the need for robust industry resiliency is paramount.

This bylined article originally appeared in the National Investment Company Service Association Annual Review, March 2005.

Paper Torture

Janet Wynn, DTCC Managing Director

Nearly all corporate, muni and federal government securities issued are "paperless." So why are brokers still using stock certificates?

This bylined article originally appeared in Registered Rep, March 2005.

Corporate Action Processing: Complexity and Risk

James Femia, DTCC Managing Director and Gunnar Niels, Economist, Oxera Consulting Ltd.

A recent study by Oxera estimates that the direct risks to any individual firm involved in the corporate action processing chain can be very significant, with the potential to result in losses running into tens of millions of euros.

This article is made available courtesy of the Journal of Financial Transformation, August 2004.

Escaping the Parallel Universe of Paper Certificates

Jill M. Considine, DTCC Chairman and CEO

"What if we do away with paper certificates?" the U.S. Securities and Exchange Commission asked in a "concept release" this year. We all know the answer. We'll be far more efficient, and we'll save ourselves and our customers $265 million a year. The real question is not what. It's how … how can the industry eliminate paper certificates?

This bylined article originally appeared in Securities Industry News, July 12, 2004.

Let the Customers Decide on European Clearing

Jill M. Considine, DTCC Chairman and CEO

You can almost hear the hammers pounding and the saws buzzing as the architecture of Europe's financial marketplace changes. This is especially so in the institutions that operate the posttrade clearing and settlement systems.

This bylined article originally appeared in the FINANCIAL TIMES, January 21, 2004.

Breaking the Corporate Actions Stalemate

James Femia, DTCC Managing Director

As various studies have shown, financial services firms now have the appetite to improve their corporate actions processing efficiency. The key to success going forward lies in establishing and following industry best practices.

This bylined article originally appeared in STP Magazine, UK, December 2003 / January 2004.