DTCC businesses continued to deliver enhanced services and products to clients in 2013 while helping the industry meet new regulatory requirements and deadlines around the globe in an efficient and cost-effective manner. Developing and promoting solutions that reduce risk and costs, and boost transparency and stability in the marketplace, remained at the top of DTCC's agenda in 2013.

DTCC took important steps forward to enhance its risk management capabilities, launched new business lines and products, replatformed legacy systems, and executed a series of transactions to sharpen the organization's strategic focus and strengthen its balance sheet.

DTCC also grew its role as an industry thought leader in 2013, publishing major white papers on systemic risk and collateral management in the financial services industry, as well as plans for intraday settlement finality in the Money Market Instrument markets. In addition, DTCC continued to lead the industry's discussion on dematerialization and shortening the settlement cycle in the U.S. equity and corporate and municipal debt markets.