New York, September 9, 2002 - The Depository Trust & Clearing Corporation's subsidiaries processing for most clearance and settlement functions will occur according to normal schedules on Wednesday, Sept. 11, 2002, despite the late opening of U.S. stock exchanges due to 9/11 observances. That processing involves the flow of trade data and settlement information into and out of DTCC's subsidiaries, and settlement activities involving the movement of money and securities.
The DTCC subsidiaries that will operate according to their normal schedules include: The Depository Trust Company, National Securities Clearing Corporation, Government Securities Clearing Corporation, and Emerging Markets Clearing Corporation. MBS Clearing Corporation will observe normal processing schedules for almost all functions, but will extend the cutoff of its clearing application until 10:50 a.m. from its normal 10:30 a.m. close on Sept. 11 to accommodate earlier moments of silence recommended for observance by The Bond Market Association.
About DTCC: The Depository Trust & Clearing Corporation (DTCC), with operating facilities in multiple locations in the U.S. and overseas, is a holding company for six subsidiary businesses - a depository and five clearing corporations - as well as the co-owner with Thomson Financial of a global joint venture called Omgeo. Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate debt, municipal debt, government securities and mortgage-backed securities in the U.S., and emerging markets debt trades globally. It is also a leading clearinghouse for mutual funds and insurance products, linking funds and carriers with distribution networks. In addition, DTCC provides custody and asset servicing for more than two million securities from the U.S. and 84 other countries. For more information on DTCC, see www.dtcc.com.
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Based in Tokyo and operated by the company’s DTCC Data Repository (Japan) KK (DDRJ) subsidiary, this is the first trade repository to be approved and established for the Japanese market.Read More