DTCC Connection

Jun 08, 2006 • DTCC Connection

Structured Securities Processing Challenges

Executive Summary

The rapid growth of structured securities including collateralized mortgage obligations (CMOs) and asset-backed securities (ABS) shows no signs of slowing down. The average distribution of principal and interest on the 25th of the month by The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has gone from $9.5 billion in 2001 to $52.5 billion in 2005. With this growth, however, comes an increasing number of processing challenges, and late and inaccurate notifications of payment rates continue to be major concerns.

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