Courses Offered: Settlement Services - DTC Settlement
The Settlement learning track introduces the DTC Settlement Service, which provides the architecture for most equities and municipal and corporate bond transactions in the United States. DTC's role in the settlement process, as well as certain aspects of its system architecture, are described.
| Course Name |
Description |
| MMI Contingency |
This course will teach you how to process your maturity obligations through DTC’s settlement system. |
| DTC Settlement 101: Fundamentals of Settlement |
- Role of DTC in the settlement process
- Risk management at DTC
- Key characteristics of DTC settlement systems
|
| DTC Settlement 201: Working with Risk Management Controls |
- Risk management controls
- Calculation of Participant Fund contribution
- Collateral groups
- Collateral Monitor
- Determining collateral value of a security
- Net debit caps
- Effect of LPNC on Collateral Monitor and net debit caps
- Viewing risk managment information
|
| DTC Settlement 202: Processing Deliveries |
- Purpose of deliveries
- Automated versus manual deliveries
- Inventory management system
- Authorizing matched ID trades
- Free and valued deliver orders
- Processing a deliver order for Fed-eligible securities
- Matched and unmatched reclaims
- Night deliver orders
|
| DTC Settlement 203: Processing Payment Orders |
- Risk management controls
- Processing payment and deliver orders
- Approving or canceling RAD transactions
- Impact of ATP on transaction recycles
- Netting of balances through end-of-day settlement
|
DTC Settlement 204:
RAD Processing |
- Purpose of RAD
- Transactions eligible for and exempt from RAD
- Identifying transactions routed to RAD
- Approving or canceling transactions routed to RAD
- Effect of late-day free deliveries on RAD
|
| DTC Settlement 205: Working with the Account Transaction Processor |
- Purpose of ATP
- ATP and recycle processing
- Why transactions recycle
- Monitoring ATP activity
- Reclaiming a transaction
- Canceling a pending transaction
- Viewing pending transactions
- Handling recycles for collateral or debit cap deficiencies
- How DTC prioritizes risk management control recycles
- Managing insufficient position recycles
|
| DTC Settlement 206: Balancing and End-of-Day Settlement |
- Netting of balances through end-of-day settlement
- Balancing accounts
- Role of the settling bank
- End-of-day settlement timelines
|
