DTCC Announces Record Rebates Of $528 Million for 2005

DTCC announced record discounts and year-end rebates for its customers totaling nearly $528 million in 2005, more than double what was returned to customers in 2004. This rebate follows on the heels of a December announcement by DTCC of an overall reduction of $161 million in transaction fees for services provided by its subsidiaries in 2006. It is the largest net fee reduction ever made by DTCC.