New DTCC Program For Customers Focuses On Risk Policies

DTCC has launched a program to give customers comprehensive information about the organization’s risk management policies, processes and practices. The goal of this multi-faceted initiative, which will comprise handbooks, training and other outreach initiatives, is to bring greater transparency to DTCC’s risk management infrastructure in order to help mitigate risk across the industry.

“A pillar of our Systemic Risk Policy is ensuring customers have ample, readily accessible information on DTCC’s risk infrastructure,” said Nan Noonan, DTCC managing director and chief systemic risk officer. “We want firms to understand our risk regimes and the implications of our procedures on their business operations.”

As part of the initiative, DTCC is publishing a series of handbooks detailing the risk management regimes for some of its subsidiaries

• Fixed Income Clearing Corporation/ Government Securities Division
• The Depository Trust Company
• National Securities Clearing Corporation

The DTCC Operations Advisory Committee, comprising 14 senior leaders at participant firms, has acted as a sounding board for the content for the handbooks.

The program is being spearheaded by a cross-functional team of DTCC professionals in Enterprise Risk Management, Systemic Risk Management, Core Product Management, Legal and Relationship Management.

Customers who wish to obtain access to the risk handbooks or provide feedback on them may contact their relationship managers, call the DTCC Learning toll-free hotline at 888.258.6393, or send an email to training_ administrator@ dtcc.com.