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DTCC Selects IBM Telecom Expense Management Solution

New York, September 17, 2009 – The Depository Trust & Clearing Corporation (DTCC) announced today it had selected IBM’s new Telecom Expense Management solution to help DTCC in managing its multi-million dollar telecommunications spend.

IBM’s Telecom Expense Management Services is designed to help clients address the complexities of managing telecommunication ordering, inventory and invoice acquisition and validation of services provided by their telecom vendors. The service includes consulting, assessments, historical audits and mobile savings analysis. By providing a centralized solution, IBM helps clients bring together diverse information and processes to streamline business processes and to identify and obtain telecom cost savings.

“IBM’s solution provided DTCC with a better grasp of our inventory and telecom spending so that we could identify significant savings opportunities and make more informed decisions about these expenses,” said Michael Obiedzinski, DTCC vice president, Network Services.

By utilizing IBM’s Telecom Expense Management services, DTCC expects to improve the management of order, inventory, bill payment, cost recovery and vendor management, ultimately resulting in an expected return on investment to the company of more than 20 percent annually by improving process and business controls.

DTCC provides the principal post-trade infrastructure for the U.S., as well as services for global markets, clearing and settling trades for equities, corporate and municipal bonds, U.S. government securities, mortgage-backed securities, and over the counter derivatives. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions, or about $7.5 trillion daily. DTCC has operating facilities in multiple locations in the United States and overseas.

Because of the vital role DTCC plays in both U.S. and global financial services, it depends on keeping its telecommunications and data communications services up and running at all times and maintains multiple service contracts with telecommunications providers.

“A company can gain greater understanding of its assets and capacity by better aligning its telecom investments,” said Laurence Guihard-Joly, vice president of Integrated Communications Services in IBM’s Global Technology Services. “By providing a centralized, proactive telecom expense management solution, we are helping DTCC reduce its telecom costs and streamline corporate controls and audit compliance for a critical set of IT and business resources— both fixed and mobile communications resources.”

IBM Telecom Expense Management services for mobile communications help clients optimize their spending on mobile services by automating and standardizing business processes. The services are delivered through a web-based portal for end-user mobile services and device ordering based on a company’s mobile policy and selected vendors and devices. This centralized solution provides, often for the first time, user and management reporting on mobile services inventory, usage and expenses across all their vendors to provide corporate visibility and controls.

About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives.

In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC’s depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 117 other countries and territories, valued at $27.6 trillion. Last year, DTCC settled more than $1.88 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.