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2002 Press Releases
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August 07, 2002
DTCC: Major Study on European Investment Funds Calls for "Co-Operative Action" and Expansion of Investor Choice
DTCC, the world's largest securities clearance and settlement organization, and PROMETHEE, an independent, Paris-based think tank, have released the first comprehensive study of the major issues affecting the growth of investment funds1 in Europe.
July 23, 2002
DTCC: ’s Insurance Services Reduces First-Tier Fees For Annuity Applications
DTCC announced today that it has reduced its fee structure for annuity applications processed through its Insurance Services group. The change was effective July 1.
July 22, 2002
DTCC: Announces Plans to Forge Ahead on STP Initiatives
DTCC announced plans to redouble its efforts, following the Securities Industry Association's (SIA) industry call to prioritize STP and reevaluate the settlement period in 2004.
July 18, 2002
EPN 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, 2002
DTCC: Cheryl T. Lambert Named Managing Director for Depository Trust & Clearing Corporation
DTCC Board of Directors announced the election of Cheryl T. Lambert to managing director following their June meeting.
July 01, 2002
DTCC: Names Gloria Kristorian Managing Director of Application Development and Maintenance
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.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 24, 2002
James V. Umberger Named Managing Director of Applications Development for DTCC
The Depository Trust & Clearing Corporation's (DTCC) Board of Directors elected James V. Umberger to managing director at their June meeting.
June 24, 2002
DTCC: Names James Femia Managing Director of Asset Servicing Business Unit
James Femia was elected managing director of asset services by The Depository Trust and Clearing Corporation (DTCC) Board of Directors at their June board meeting.
June 07, 2002
DTCC: New Leadership Named for Fixed Income Clearance and Settlement Business in the U.S
Thomas 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.
May 21, 2002
DTCC: Three Major Securities Settlement Organisations Join Forces To Streamline European Commercial Paper Issuance
Euroclear, Clearstream International and DTCC today announced the launch of a new service that automates the pre-issuance information processing and ISIN allocation for new issues of European commercial paper (ECP) and related money-market instruments. This development will meet the demands of the international capital markets and contribute towards further growth of the ECP market.
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DTCC Welcomes First Non-Domestic Members to the Government Securities Division

DTCC announced the first non-domestic members of GSD, reflecting DTCC’s growth and expansion in the global marketplace

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