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2001 Press Releases
November 13, 2001DTCC SAYS POSTPONEMENT OF T+1 WILL NOT AFFECT ITS MODERNIZATION SCHEDULENew York, November 13, 2001 - The Depository Trust & Clearing Corporation (DTCC) announced today that it would continue with its scheduled plans to re-engineer its technology applications in preparation for straight-through processing and delivery of enhanced services, despite a one-year delay in implementing T+1.
October 31, 2001DTCC: SEC Approves Plan for GSCC, MBSCC and EMCCNew York, October 31, 2001 - The Depository Trust & Clearing Corporation (DTCC) today announced that the Securities and Exchange Commission (SEC) had approved a proposed integration plan for Government Securities Clearing Corporation (GSCC), MBS Clearing Corporation (MBSCC), and the Emerging Markets Clearing Corporation (EMCC) to become wholly owned subsidiaries of DTCC.
October 29, 2001DTCC: Randy Grespin to Lead Mutual Funds and InsuranceNew York, October 29, 2001 - The Depository Trust & Clearing Corporation (DTCC) announced today the appointment of J. Randall Grespin to a new position as managing director for Distribution Services. He will be responsible for two key business sectors of DTCC focused on Mutual Funds and Insurance Services.
October 08, 2001Wiener Elected Managing Director at DTCCNew York, October 8, 2001 - Jack R. Wiener has been elected Managing Director, and promoted to Deputy General Counsel, at The Depository Trust & Clearing Corporation (DTCC).
October 03, 2001DTCC: EuroCCP Names Chief OfficersLondon and New York, October 3, 2001 - Jeffrey H. Smith has been named Chief Executive Officer and Bernard M. Till Chief Operating Officer of European Central Counterparty Limited (EuroCCP), a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). Each has more than 30 years experience in international financial services.
September 21, 2001EuroCCP receives FSA recognition to clear Nasdaq Europe trades London, September 21, 2001 - European Central Counterparty Limited (EuroCCP), a wholly-owned subsidiary of The Depository Trust & Clearing Corporation, the world's largest securities clearance and settlement organisation, today announced that it received recognition from the Financial Services Authority (FSA) as a UK Recognised Clearing House.
September 10, 2001DTCC Creates Seamless Settlement Solution for Foreign Ordinary Share Trading New York, NY, September 10, 2001 - The Depository Trust & Clearing Corporation (DTCC) today announced that it will offer its participants a way to settle foreign ordinary trades in certain equities listed on The Hong Kong Stock Exchange. This new service will be extended through an agreement with Citibank N.A., Hong Kong, and will be available for trades executed in U.S. dollars and settled at DTCC's depository.
August 02, 2001DTCC: Game Plan for Real-Time Trade MatchingNew York, August 2, 2001 - In support of the industry's move to a straight-through processing environment, Government Securities Clearing Corporation (GSCC) and The Depository Trust & Clearing Corporation (DTCC) today released a game plan for a real-time trade matching (RTTM) system for corporate and municipal bonds, unit investment trusts (UITs), and other fixed income securities.
