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About the Transformation

DTCC’s unchanging mission for over 50 years is to serve the industry as the strongest, most resilient, centralized platform in the world for the clearance and settlement of securities transactions. While the fintech revolution continues to accelerate the pace of change, our infrastructure must also be positioned for the future, with enhanced performance, security, resiliency, and scalability across our Equities Clearing and Settlement services.

DTCC is undertaking a multi-year transformational effort that will drive innovation and meet the rapidly evolving needs of the modern financial markets.

DTCC is poised to transform its systems into a more advanced, modular platform. As we enhance our core capabilities and applications, DTCC will fortify its strategic resiliency, ensuring a future where its systems are not only more resilient but also more adaptable and innovative. With a steadfast commitment to innovation anchored in security and soundness, DTCC will continue to explore and leverage digital technologies.

Changes to client interfaces and the underlying applications that deliver Clearing and Settlement services will include features to enhance the services and products offered to clients while also simplifying workflows to better support straight through processing.

The modernized applications will leverage industry standards and enable quicker time-to-market to meet industry needs. These changes will not only bring simplification to the broader market but will also offer opportunities for innovation and alignment across the industry as the market evolves in the future.

Client Benefits

Increased Resiliency

Embedded resiliency standards will deliver increased stability, decrease the risk of processing outages, and deliver seamless recovery through operational rotation of modernized applications with resiliency requirements (e.g., zero data loss capability) built into the architectural design.

Improved Transparency

Implementation of the data strategy will provide improved responsiveness to inquiries and monitoring of trade status throughout the core processing settlement flow as well as enhanced reporting and analytics based on a consistent data model across the enterprise.

Increased Responsiveness to Industry and Regulatory Needs

Improved response time to deliver capabilities addressing market evolution and regulatory needs through development of modular components rather than monolithic, interwoven applications.

Future-Proofing for Structural Changes

Modernized applications will be enabled to support future structural changes to expand CCP and depository services into new market opportunities.

Thoughtful Consideration for Changes

Upcoming changes will have thorough documentation provided well in advance as well as the ability to test new functionality and connectivity during User Acceptance Testing (UAT).

Modernization: The Key to Driving Our Transformative Success

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