Halloween Deadline for FICC Business Continuity Testing

October 31 – Halloween – is the deadline this year for high-volume FICC customers that use dedicated lines to test connectivity between their alternate locations and DTCC data centers. The tests are mandatory as part of DTCC’s business continuity procedures.

FICC requires its customers to have contingency site communications equipment with a dedicated line whose capacity is equivalent to their primary connection. The line must also run through a central switching office different from that of their primary site.

To arrange a test, participants should call 212.855.8989. According to William Langan, DTCC manager, Clearance and Settlement Product Management, participants should complete the tests
by October 31 in order to avoid any year-end technology freezes or other year-end processing events. When the testing is successfully completed, FICC certifies that the test requirements have been met.  @

[For additional information, contact Ken Wright, DTCC director, Corporate Business Continuity, at kwright@dtcc.com or 212.855.1368, or William Langan at blangan@dtcc.com or 212.855.7591.]