


| April 15, 2008 | DTCC Rolls Out New Risk Management Model for Mortgage-Backed... |
| March 15, 2008 | DTCC Settles Record $1.8 Quadrillion In 2007 and Returns $98... |
| March 15, 2008 | DTCC Extends the Business Continuity Umbrella to EuroCCP... |
| March 15, 2008 | Global CCP Conference on Clearing Set for Japan in April... |
| March 15, 2008 | DTC Will Expand Existing Systems To Settle New Rule 144A Sec... |
| March 15, 2008 | ACSDA Gathers in Panama for 10th General Assembly... |
| March 15, 2008 | FICC Publishes Timeline for Central Counterparty Benchmarks... |
| March 15, 2008 | FICC Shutters Website and Moves Customers to www.dtcc.com... |
| March 15, 2008 | Key DTCC Speaking Engagements... |
| March 15, 2008 | Coming Soon: Self-Service Password Management... |

Clearance and settlement for the businesses of both DTCC subsidiaries, the Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC), continues to represent an area of increasing volume and reduced margins for our clients.
In 2008, our goal is to expand and improve the quality of our equity core services.
DTCC's Fixed Income Clearing Corporation (FICC) has implemented a new and more rigorous risk management model for its Mortgage-Backed Securities Division (MBSD).
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