Depository Trust & Clearing Corporation

 

Products & Services

 

Products & Services

Asset Services

Asset Services

Loan/SERV Reconciliation Service

a service offering of DTCC Loan/SERV LLC
DTCC’s Loan/SERV Reconciliation Service allows for the reconciliation of more than 333,000 global lender positions daily between agents and lenders around the globe.

Overview

DTCC’s Loan/SERV Reconciliation Service allows for the reconciliation of more than 333,000 global lender positions daily between agents and lenders around the globe

Who Can Use the Service

Any loan market participant can use the Loan/SERV Reconciliation Service.

Benefits

Delivers greater certainty to loan position records by enabling early identification of differences resulting from assignment and life-cycle event processing.

  • Reduces incorrect accrual amounts resulting from position errors.
  • Reduces adjustments in cash positions that need to be resolved after cash payments have been made.
  • Provides lenders access to agent information, thus reducing telephone calls requesting data to resolve differences.
  • Reduces back-office costs for agents and lenders by reducing the time spent on postsettlement issues.
  • Builds the foundation for further automation in loan position maintenance.

How the Service Works

On a daily basis, Agents and Lenders can post:

  • Commitment balances
  • Every transaction
  • Contract Level Information

Customized reporting allows for management by exception of all mismatches, and feedback can be provided between the parties to rectify the issue.

System security provides that market participants only have access to position details where the agent declares they are a lender of record.

For More Information

Contact us to find out more about Loan/SERV.

Last updated July 29, 2009


This description is for informational purposes only. This Service is governed by applicable Rules, Procedures, and Service Guides for each DTCC subsidiary, which contain the full terms, conditions, and limitations applicable to this Service.

Technical Documentation

  • Onboarding Documents
    User Agreement, Operating Procedures, Key Contacts, and other User Documentation...

Who to Call

U.S.
1.212.855.2345

Europe
+44 (0)207.650.1425

Press Contacts
1.212.855.5301

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Loan/SERV Reconciliation Service

Cette presentation vous donnera une vue d'ensemble du processus, une demonstration du systeme et de plus amples informations sur les ameliorations du systeme a venir.

View Demo