Reducing Risk by Strengthening Settlement

The Depository Trust Company, a DTCC subsidiary, is proposing major changes in the settlement of equities and debt securities to strengthen intraday settlement and reduce systemic risk. DTCC VP John Abel explains the proposed changes and what they mean to the markets.

Quick View: The US swaps dispute sideshow

The Commodity Futures Trading Commission appears to have found a knight in shining armour, though the petty battle it faces is anything but heroic.

Reprinted with permission from the November 13, 2012 issue of Financial Times.

Stewart Macbeth: On his Career in Finance and the Importance of Relationships

Stewart Macbeth, Managing Director of DTCC and President and Chief Executive Officer of the Deriv/SERV LLC subsidiary in the UK, talks to DerivSource about the challenges he faces in his current role and the growing importance of relationships in his career thus far.

Linked from the November 2012 issue of DerivSource

DTCC stayed in action, returns to physical processing at Brooklyn center

DTCC, the industry-owned utility that clears and settles securities transactions announced that it has resumed daily physical processing of securities from its Brooklyn operations center. Just one more minor sign of quasi-normalcy returning to New York.

Linked from the November 2012 issue of Investment News

Libor 2.0: The Runners and the Riders

In the U.S., attention has focused on The Depository Trust & Clearing Corporation's (DTCC) general collateral finanance (GCF) repo index, which is derived purely from transactional data.

Reprinted with permission from the November 2012 issue of Risk Magazine.

Brokers urged to speed up US share trades

Investors and brokers are being urged to cut the time it takes to settle US equity trades, a modernising move that could have its biggest impact on sleepy regional stockbrokers and on investors who prefer paper stock certificates.

Reprinted with permission from the October 18, 2012 issue of Financial Times.

CEO to CEO: Interview with DTCC’s Michael Bodson

On April 23, The Depository Trust & Clearing Corporation announced the election of Michael Bodson as the company’s next president and chief executive officer. Bodson joined DTCC in 2007 after 20 years at Morgan Stanley and most recently served as the company’s chief operating officer. He succeeded Donald Donohue, who retired at the end of July 2012.

In this interview, Walt Lukken, the new president and chief executive officer of the FIA, talks to Bodson about his priorities as head of the DTCC.

Reprinted with permission from the September 2012 issue of Futures Magazine

The Tech 50

This year's top executives in financial technology - including #21, DTCC's President and Chief Executive Officer, Michael C. Bodson - stand out for translating innovation into a competitive advantage.

Reprinted with permission from the July/August issue of Instiutional Investor

Lining up Libor Alternatives

Some banks see DTCC's GCF Repo index, tracking short-term, collateralized loans between banks, as a more accurate measure of bank borrowing costs than Libor and the Fed Funds Effective rate.

Linked with permission from the July 3, 2012 issue of The Wall Street Journal

Risk 25: Firms of the Future

Anyone who wants to understand how OTC derivatives markets are changing should keep an eye on the 74 organisations named as our Firms of the Future. These are the dealers, buy-side firms, brokers, exchanges, technology vendors, clearing houses, regulators, infrastructure providers and trading platforms we believe will be most influential over the next five years.

Reprinted with permission from the July 2012 issue of Risk25