Feb 16, 2016
• DTCC Connection
DTCC to Speak at SIFMA T+2 Symposium
By Michael Battaglini
The Depository Trust & Clearing Corporation (DTCC) will participate in a panel discussion at the upcoming SIFMA T+2 Symposium 2016 in New York City on February 23. The panel featuring DTCC’s subject matter experts is related to implementation planning and industry testing for shortening the U.S. settlement cycle to trade date plus two business days (T+2).
The symposium, “Moving Forward: The Road to a Shortened Settlement Cycle,” brings together financial industry executives to discuss implementation considerations and how firms can get ready for the move to T+2.
Topics for discussion include:
- The Roadmap: Industry Implementation Plan
- Regulatory Panel: Changing the Rules to Ensure Industry Compliance
- Vendor and Service Provider Preparedness: Will Your Partners Be Ready?
- Testing Timeline: Internal and Industry-Wide Testing
John Abel, Executive Director, DTCC Settlement Services will be the moderator for “Testing Timeline: Internal and Industry-Wide Testing.” During the session panelists will share how they are planning for the test phase within their respective firms, as well as DTCC’s plans for industry testing and readiness certification.
“The Industry Testing Group has been meeting since July to discuss and develop a recommended testing approach for all of the changes identified by the T+2 Industry Working Groups,” said Abel. “This T+2 Symposium is a key opportunity for the panel to present these testing plans and challenges, and discuss remaining open issues.”
Joining Abel on the panel will be Michele Hillery, Executive Director, DTCC Equity Clearing; Charles Lichter, Vice President, Broadridge Financial Solutions, Inc.; Joseph M. Liguori, Managing Director, JPMorgan Chase & Co. and Frank Tota, Managing Director, Goldman Sachs.
The event will run from 8:15 am to 12:30 pm at the AXA Center, New York City.
Click here to register for the T+2 Symposium