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DTCC Executives to Speak at BDUG Annual Meeting

By DTCC Connection Staff | September 5, 2018

Several key executives from DTCC are slated to speak at the annual Bank Depository User Group (BDUG) conference this year, scheduled to take place at the Hyatt Regency in Clearwater Beach, FL, from Sunday, September 23, through Wednesday, September 26.

BDUG was organized almost 33 years ago with the objective to increase information sharing between DTCC bank clients and DTCC. The annual BDUG meeting is an opportunity for member firms to stay up-to-date with system changes, as well as ensuring firms have a pulse on the key industry topics – such as fintech and settlement optimization – that impact their organizations.

The agenda for the conference is as follows:

Sunday, September 23
4:00 p.m. – 6:00 p.m. 2018 Annual Meeting Registration & Opening Reception
Sponsor: BDUG
*Lite Hors d’oeuvres and cocktails
Monday, September 24
8:00 a.m. – 9:00 a.m. Breakfast with Exhibitors – Sponsor: Broadridge
9:00 a.m. – 9:10 a.m. General Session – BDUG Steering Committee Introduction
9:10 a.m. – 10:00 a.m. General Session - Keynote - Marie Chinnici-Everitt, MD, Chief Marketing Officer & Regional Administrative Manager, DTCC Tampa.
10:00 a.m. - 10:15 a.m. Exhibitor Presentation: Broadridge - Kevin Trnka, Account Management
10:15 a.m. – 10:45 a.m. Visit / Refreshments with Exhibitors
10:45 a.m. - 11:10 a.m. Institutional Trade Processing Strategy Update – DTCC Ana Lotharius, Director, Global Product Management & Solutions
- An update on the long-term ITP vision
- Review of benefits and clients impact
11:10 p.m. – 12:00 p.m. Institutional Trade Processing Product/Service Update - DTCC Ana Lotharius, Director, Global Product Management & Solutions
- Update on key development and roll out of DTCC products to facilitate post-trade process management and reconciliation
- GCD (Global Custodian Direct)
- M2i Concept (Match-2-Instruct)
- DXM (Exception Manager)
12:00 p.m. – 1:00 p.m. Lunch - BDUG
1:00 p.m. – 1:50 p.m. Federal Reserve Update – Chris Burke, SVP, Federal Reserve
- Fedwire Securities volume update, including impact of JPMC exit from the Broker Dealer Services business
- Service Packs we’ve done so far, and a request for input for future updates
- Automated Claims Adjustment Process (ACAP) update
- Expanded operating hours update
- Potential matching service
- Protracted Outage discussion
- Single Security / CSS update
- Delayed Payments update
1:50 p.m. – 2:05 p.m. Exhibitor Presentation: CUSIP
2:05 p.m. – 2:35 p.m. Visit / Refreshments with Exhibitors
2:35 p.m. – 3:25 p.m. General Session – FinTech – DTCC Gordie Sands, Executive Director, IT Architecture
- An update on DTCC FinTech Strategic plans including Cloud Services and Robotic Process Automation
3:25 – 4:30 p.m. General Session: Roundtable Discussion - Breakout in groups
1. Corporate Actions Challenges and Best Practices
2. Efficiencies and Risks associated with Straight Through Cash Processing in Custody
3. Securities Master setup and Best Practices
4. Networking, Social Media Best Practices
5:30 p.m. - 6:30 p.m.

6:30 p.m. – 8:30 p.m.

BDUG Dinner
Tuesday, September 25
8:00 a.m. - 9:00 a.m. Breakfast – Sponsor BDUG
9:00 a.m. - 9:50 a.m. General Session – DTCC Settlement Optimization – DTCC Jack Manuel, Director
- An update on DTCC proposal for reengineering its core settlement services to:
o Improve processing efficiency
o Promote settlement finality
o Reduce NSCC margin requirements
o Provide members with liquidity enhancements
o Reduce Operational risk
9:50 a.m. - 10:40 a.m. DTCC Operations Update (Panel)
Moderator: DTCC Chris Scotto
Panelist (3 DTCC Corp. Actions SME):
- Review of DTC Operations focusing on what happens at DTC from Announcement to Allocation, and the impact to clients; Customer Experience, and Focus
10:40 a.m. - 10:55 a.m. Visit / Refreshments with Exhibitors
10:55 a.m. - 11:45 p.m. Office of the Comptroller Of The Currency (OCC) Update – Patricia Dalton, Technical Expert- OCC Current Issue Update – An overview of OCC policy and regulatory initiatives affecting bank asset management activities.
11:45 a.m. – 12:00 p.m. Exhibitor Presentation: Globe Tax – Michael Vellecca
12:00 p.m. - 1:00 p.m. Lunch - BDUG
1:00 p.m. – 1:50 p.m. Wealth Management Services Update – DTCC Nicholas Deliso, Director - Update on DTCC WMS product offerings and development plans for the Mutual Funds business at DTCC
1:50 p.m. – 2:40 p.m. Global Regulatory Reform Panel
Broadridge - Elizabeth Maiellano, VP Product Management
Euroclear - Brad Koehler, Sales & Relationship Manager
- General Data Protection Regulation (GDPR)
- Brexit 1 year out
2:40 p.m. – 2:55 p.m. Exhibitor Presentation: Goal Group
2:55 p.m. – 3:25 p.m. Visit / Refreshment with Exhibitors
3:25 p.m. – 4:15 p.m. Margin Transit Utility Update – DTCC Amy Caruso, Director, Business Management
-  Review of DTCC’s solution for managing the operational challenges of increase in margin calls across different jurisdictions and geographies. A comprehensive, STP solution for streamlining the processing and settlement of collateral
5:00 p.m. – 6:00 p.m. Exhibitor Raffle
Wednesday, September 26
8:00 a.m. – 9:00 a.m. Breakfast with DTCC RM Staff from the Tampa Office
9:00 a.m. – 9:50 a.m. BDUG Town Hall
9:50 – 10:40 am. DTCC Asset Services and Settlement Product Update – DTCC Chris Scotto, Director
- Update on DTC development plans for products/services supporting Asset Services and Settlement Operations
10:40 a.m. – 11:00 a.m. Conference Recap, Door Prizes & Adjournment