November 29, 2007 DTCC Hires New Chief Compliance Officer The Depository Trust & Clearing Corporation today announced the appointment of Mihal Nahari, a highly regarded industry expert on legal, compliance and regulatory risk management, as chief compliance officer.
November 28, 2007 DTCC Extends SMART/Track Service to Foreign Agent Lenders and Borrowers To support the U.K. Financial Services Authority's (FSA) enhanced requirements for agency lending disclosure with the implementation of Basel 2 in Europe, DTCC's SMART/Track for Agency Lending Disclosure service will soon be made available to members of the International Securities Lending Association (ISLA), beginning in mid-December.
November 01, 2007 EuroCCP CEO, COO Named Two industry leaders, each with more than 20 years experience working in Europe, have been named to lead European Central Counterparty Limited (EuroCCP). Diana Chan, a former executive at Citi, has been named as the new permanent Chief Executive Officer of EuroCCP, and Trevor Spanner, a former executive at Merrill Lynch, has been named Chief Operating Officer.
October 24, 2007 Dreyfus Joins DTCC Managed Accounts Service New York, October 24, 2007 – Dreyfus Investments, the industry’s 14th largest provider of managed accounts, has joined DTCC’s Managed Accounts Service (MAS), a centralized platform for the industry, designed to streamline communications associated with opening and maintaining managed accounts. Dreyfus Investments is a division of MBSC Securities Corporation, which is a subsidiary of The Dreyfus Corporation.
September 27, 2007 DTCC Deriv/SERV Signs 1,000th Customer New York, September 27, 2007 - The Depository Trust & Clearing Corporation's (DTCC) Deriv/SERV subsidiary today announced the signing of its 1,000th customer, further solidifying its position as the industry standard for post-trade processing in the global over-the-counter (OTC) derivatives market.
DTCC's Fixed Income Clearing Corporation (FICC) subsidiary announced that it has developed new processing procedures to help prime and executing brokers reduce cost and risk in handling the U.S. Treasury securities trades and repurchase agreements (repos) they oversee or execute for their hedge fund clients.
September 20, 2007 DTCC Launches New Mutual Fund Profile Service The Depository Trust & Clearing Corporation (DTCC) announced today that it launched a service on September 17 that will streamline the process of obtaining fund prospectus information and expand the scope of the service as a primary industry source for rules-based processing.
DTCC has proposed further automating the processing of the structured securities market in a new white paper issued today.This would save the industry millions of dollars and help reduce manually intensive and error-prone procedures.