DTCC is moving to a single sign-on for customer access to many Web-enabled services offered by its subsidiaries. Through DTCC WebDirect, the single sign-on will offer customers the convenience and flexibility of using a single name, password and digital certificate to access multiple DTCC applications. For customers of National Securities Clearing Corporation (NSCC), DTCC WebDirect replaces PCWeb Direct.

The first two phases of the migration began in October and November with a small number of firms piloting the new system. Full implementation will be completed in 2007 for the remaining NSCC customers who, in addition to Mutual Fund Services, use the following:

Continuous Net Settlement System
Commission Billing
Correspondent Clearing Service
Reconfirmation and Pricing Service
Files and Reports
PIER Reports
Automated Customer Account Transfer Service
Cost-Basis Reporting Service
Direct Clearing System

John Bautz, program manager, DTCC’s Distributed Systems Planning, explained that in order to use DTCC WebDirect, "Customers will need to reaffirm their list of access coordinators and operators and assist in issuing new customer IDs and digital certificates." They will receive summaries of their Access Coordinator and Operator profiles 30 days in advance of their transition date. During the migration period, any modifications to existing access coordinator or operator profiles can be submitted through existing PCWeb Direct procedures. Once the migration is completed, requests will need to be submitted to the DTCC Registration Support Group. Access to PCWeb Direct will be removed 60 days after migration.