DTCC to Provide Cash Settlement for the Global Syndicated Loan Market - June 16, 2009 (2:48)

DTCC announced that its Loan/SERV advisory committee has endorsed plans to add cash settlement capabilities, including Delivery versus Payment (DVP), to its Loan/SERV suite of services that is helping to automate and streamline the processing of syndicated commercial loans on a global basis. "Delivery versus payment will provide certainty to loan traders that cash settles simultaneously with changes to asset ownership recorded by the agent banks," said Chris Childs, DTCC vice president, Global Loans Product Management.

Direct Registration System New Profile Insurance Option, Profile Insurance Policy II - June 15, 2009 (3:49)

On June 9, 2009, DTC announced that its filing to establish the Profile Indemnity Insurance Program II ("PIP II") will become effective on July 1, 2009. PIP II is an important new option for DRS Participants. The coverage limit for PIP II is $7.5 million per transaction, with an annual aggregate limit of $15 million. Users of such insurance will be required to pay an annual premium of $6,000 to an insurance provider and a DTC administration fee of $250. It can be used in conjunction with the Profile Modification System Indemnity Insurance Program ("PIP") and/or the DTC Profile Surety Program ("PSP").

Addition of Cut-Off Times to the Elective Dividend System (EDS) Windows - June 12, 2009 (2:07)

Effective June 12, 2009, the Elective Dividend System (EDS) has been enhanced to include cut-off times. This will allow for the flexibility to provide intra - day cut-offs. Going forward PTS/PBS screens will display this new attribute using a 12 hour clock with AM/PM indicator. Both PTS and the PBS - EDS Web application are being modified to display Cut-off times on participant facing screens that display Cut-off Dates.

DTCC, SWIFT and XBRL US Join Together on Plan to Improve Processing of Corporate Actions Announcements - June 2, 2009 (3:36)

This collaborative effort is designed to tackle problems associated with corporate actions processing. Many of these problems derive from the complexity in the process of delivering information from issuers/offerors on corporate actions to the ultimate investors. The underlying goal is to promote straight through processing (STP) of information.

DTCC Moves Ahead On Corporate Actions Reengineering - February 3, 2009 (2:27)

DTCC moves ahead on its multi-year corporate actions reengineering project. In 2009, DTCC will focus on several key initiatives without requiring firms to make any technology investments or system changes at this time. Plans for 2009 will introduce both new products and optional enhancements, however. Presented by James Gilchrist, DTCC Learning.

Printing of DAMP Deposit Tickets in PDF Format Using Participant Browser Service (PBS) - January 23, 2009 (3:00)

Effective January 23, DTCC will implement the new PBS DAMP deposit ticket print capability. Participants can access the DAMP deposit ticket print function in PBS and request to print their deposit tickets. Additionally, the PDF document can be saved and stored indefinitely based upon participant requirements. For more information about this functionality, listen to this podcast presented by James Gilchrist, DTCC Learning.

Enhancement to DTC's Stock Loan Payment Order Function - November 17, 2008 (2:42)

Effective November 21, 2008, The Depository Trust Company (DTC) will implement enhancements to the Stock Loan Payment Order (SLPO) function. Participants will have the ability to limit dollar amounts for SLPO to original stock loan income tracking adjustments. This podcast also details the associated participant terminal functions associated with the enhancements. Presented by James Gilchrist, DTCC Learning.

Printing of DAMP Deposit Tickets: DTC Replaces Network Connections Dependent on SNA Technology - November 12, 2008 (3:06)

As of January 23, 2009, DTC will implement new PBS DAMP deposit ticket printing capability utilizing .pdf format and accessible via SMART/Search. Users can generate bar coded deposit tickets that facilitate tracking and eliminating handwritten materials, reducing the number of rejected deposits and the attendant fees. Other benefits to this service and its impact on participants are presented in this podcast by James Gilchrist, DTCC Learning.

Enhancement to DTC's Same Day Allocation Reporting (SDAR) Inquiry Function for Structured Securities - November 7, 2008 (3:40)

DTC has implemented several operational changes to address the challenges associated with processing principal and interest payments for structured securities. Effective November 7, 2008, DTC will identify structured securities scheduled to make payments and previously identified as "non-conforming" via the participant terminal function SDAR. The impact of the operational rule changes and the implementation of DTC's subsequent functionality enhancements will have on participants are outlined in this podcast presented by James Gilchrist, DTCC Learning.

Getting Started with the Security Position Report Service - October 24, 2008 (4:15)

Before Proxy season begins, issuers need to ensure that they and their authorized third-party agents are prepared to use the Security Position Report service. This podcast explains what an issuer must do to register, authorize agents, and set up payment.

UW Source Municipal Underwriting Re-Engineering Readiness - August 29, 2008 (6:08)

On 9/1/2008, the functionality to allow firms to submit new municipal deals into PUND and WUN will be retired. This podcast in the Asset Featured Products series discusses DTC's rule requiring all new municipal issues to be submitted into UW Source for DTC eligibility as of 9/2/2008. Includes FAQs related to new requirement. Presented by James Gilchrist, DTCC Learning.

UW Source Municipal Underwriting Submission Changes - August 15, 2008 (1:13)

On 9/2/2008, the new issue submission process for all municipal underwritings will change. This brief podcast in the Asset Services Featured Products series discusses the new requirements including use of UW Source, NIIDS, and the MSRB rule changes affecting the submission process. Presented by James Gilchrist, DTCC Learning. 

Understanding Offering Information "Statuses" in UW Source - August 15, 2008 (1:21)

Underwriters need to understand the different statuses of new issue data entries in the UW Source application. Part of the Asset Services Featured Products series, this episode discusses the Draft, Accepted, and In Repair statuses within UW Source. Presented by James Gilchrist, DTCC Learning.

Automating Syndicated Loan Marketing with the Loan/SERV Service - May 19, 2008 (2:38)

Leading trade organizations like the LSTA and the LMA are helping to spearhead the move to standardize the syndicated loan market, and DTCC has taken a lead in developing solutions for the market.
DTCC's Loan/SERV platform will introduce two services this year:

• Loan/SERV Reconciliation Service, which will enable agents to reconcile lender positions on individual loans every day, helping reduce "cash breaks" as well as the number of unsettled loans.
• Loan/SERV Messaging Service, which will provide an automated, secure communication network through which agent banks can transmit standard loan messages to both lenders and borrowers.

Loan/SERV will be an evolving suite of services that DTCC will develop by working closely with the industry. These services will add efficiency and help the market grow while managing operational risk.

DTC's Underwriting and Settlement Systems Enhancements - 144A - April 22, 2008 (3:04)

DTC will expand existing systems to settle new rule 144A securities.

DTC's New Underwriting System Production Start - April 16, 2008 (3:58)

On May 5, 2008 DTC's reengineered underwriting system, including the New Issue Information Dissemination Service (NIIDS), collectively, "UW Source" will be released into production and will be available on an optional basis from May 5, 2008 until August 29, 2008.  This podcast gives an overview of the rollout.

Introduction to the Corporate Actions and Underwriting Re-Engineering Initiative - December 6, 2007 (2:25)

This podcast reviews some of the major changes being made as a result of the redesign of DTC's Corporate Actions and Underwriting systems.

Paperless Legal Transfers - September 12, 2007 (4:10)

This podcast discusses how DTC is working to reduce the cost of issuing, transferring, and retaining physical certificates through the use of Paperless Legal Transfers.

Introduction to PIAR - August 13, 2007 (3:15)

Interview with Louis Lepore, Sr. Trainining Consultant, gives an introduction to the PTS function for Principal and Income Adjustments for Repos (PIAR).

What is a Podcast?

A podcast is an audio or video file that you can download and listen to or watch at any time. DTCC Learning produces a number of podcasts on the products and services that DTCC offers.