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2002 Press Releases
July 18, 2002EPN System Upgrade Boosts Processing Speed By More Than 50%MBS Clearing Corporation (MBSCC) and Government Securities Clearing Corporation (GSCC) recently launched a major platform upgrade to the Electronic Pool Notification (EPN) system for mortgage-backed securities trades that reduced message transaction time 50% in its first month of operation.
July 01, 2002DTCC: Names Gloria Kristorian Managing Director of Application Development and MaintenanceGloria Kristorian was elected managing director of Applications Development and Maintenance (ADM) by The Depository Trust & Clearing Corporation (DTCC) Board of Directors at their June board meeting.Gloria Kristorian was elected managing director of Applications Development and Maintenance (ADM) by The Depository Trust & Clearing Corporation (DTCC) Board of Directors at their June board meeting.
June 07, 2002DTCC: New Leadership Named for Fixed Income Clearance and Settlement Business
in the U.SThomas F. Costa has been elected president of the Government Securities Clearing Corporation (GSCC) and MBS Clearing Corporation (MBSCC) by the boards of the respective organizations. These clearing corporations, which handled $387 trillion in government and mortgage-backed securities transactions in 2001, share a common executive structure.