Client Enablement - Transformation | DTCC

What Does DTCC Transformation Mean for Clients?

DTCC is leading a multi‑year transformation to modernize post‑trade infrastructure and support the next stage of market evolution. This work supports advanced market demands, with a focus on efficiency, resiliency, and consistency across shared industry infrastructure.

For clients, this means operating within a more optimized and scalable environment that provides continuity today with the flexibility to grow and adapt as market expectations, regulatory requirements, and operating models change.

How Does DTCC Transformation Create Value for Clients?

DTCC’s Transformation delivers meaningful, long-term value for clients by modernizing post-trade infrastructure and advancing how the industry operates. Explore how planned enhancements, new capabilities and client readiness efforts help deliver value across the post-trade lifecycle.

Refined applications, infrastructure and operating models are designed to strengthen the resilience and reliability of post-trade processing, improve recovery capabilities and support consistent performance as volumes, complexity and market demands increase.

Examples of supporting initiatives and enhancements include:

Modernized CNS® Application
Settlement Infrastructure Enhancements
Consolidation of Asset Services Processing Capabilities Into the SPA
Asset Services Client Interface Enhancements
Infrastructure & Transactional Input/Output Enhancements

Enhanced reporting, data access and analytics capabilities are designed to provide greater visibility into post-trade activity, improve the consistency and usability of information and help clients make more informed operational and risk-management decisions.

Examples of supporting initiatives and enhancements include:

Securities Data Experiences Application
Clearing and Settlement Data Enhancements
CMU RTTM® Reporting & Data Enhancements
Enhanced CNS® Data Output
Enhanced ETF Input & Data Output
UTC Data Output Migration
Expanded ISO 20022 Messaging and Reporting

Updated processes and capabilities are designed to reduce friction, automate manual steps and simplify how clients interact with DTCC, improving operational efficiency over time.

Examples of supporting initiatives and enhancements include:

TradeSuite ID® Enhancements
Deliver Authorization & RAD Approval
ACATS Settle Prep Removal & New Automation Functionality
Elevated Clearing & Settlement Client Interfaces
Enhanced Connectivity & Messaging Formats
SPA Portal for Asset Services Processing
DRS Profile Deposits & Automated Delivery Orders
Deposit and Withdrawals at Custodian Processing
Withdrawals by Transfer
Fast Reject & Confirmation

Streamlined processing and optimized settlement outcomes support more efficient use of capital and liquidity, helping firms operate more effectively across the post‑trade lifecycle.

Examples of supporting initiatives and enhancements include:

Automated Partial Settlement
Increased Settlement Debit Cap
Mark-to-Market Optimization
Recycle and Pend Processing Enhancements
Reclaims Enhancements
Settlement Reintroduction & Drop Processing
CNS® Enhancements & Exemptions Changes
ETF Expansion With OCC

Flexible applications, modular components, and adaptable processing capabilities are intended to help DTCC and its clients address evolving regulatory requirements, market structures, and industry events with less disruption.

Examples of supporting initiatives and enhancements include:

24x5 Trading Operating Model
Enhanced Client Interfaces & Messaging Standards
Expanded ISO 20022 Messaging & Connectivity
Flexible Settlement Processing Functionality

Scalable platforms, standardized interfaces and expanded capabilities are designed to support new products, evolving operating models, and the continued evolution of DTCC's post-trade services as industry needs change.

Examples of supporting initiatives and enhancements include:

UTC Modernization & 24x5 Trading
ACATS Enhancements & Expanded Functionality
Asset Services Transformation & SPA Enhancements
TradeSuite ID® Enhancements
Future Platform & Product Capabilities

Refined applications, infrastructure and operating models are designed to strengthen the resilience and reliability of post-trade processing, improve recovery capabilities and support consistent performance as volumes, complexity and market demands increase.

Examples of supporting initiatives and enhancements include:

Modernized CNS® Application
Settlement Infrastructure Enhancements
Consolidation of Asset Services Processing Capabilities Into the SPA
Asset Services Client Interface Enhancements
Infrastructure & Transactional Input/Output Enhancements

How Can Readiness Impact Clients During DTCC Transformation?

Limited or delayed preparation can lead to operational disruptions, limited connectivity, and delayed processing for your firm during periods of change, particularly where integration and connectivity dependencies exist. In an interconnected post-trade environment, these challenges can quickly extend beyond your organization, affecting counterparties, downstream processes, and overall market stability if readiness activities such as planning and testing are not completed early.

How Can Clients Stay Informed on DTCC Transformation Updates?

Stay informed by subscribing to DTCC Transformation email updates, registering for DTCC Learning Center notifications and following DTCC RSS feeds to receive important notices, updates and implementation-related communications.

Subscribe to Email Updates

Subscribe to Learning Center Updates

Subscribe to Important Notice RSS Feeds

What Resources Can Help Clients Prepare for DTCC Transformation?

A variety of resources have been developed to support our Transformation initiatives, focused on helping clients navigate change as it progresses. They are intended to provide clear, actionable information that helps clients understand what’s changing and how it affects them. The materials below support one or more transformation efforts and represent the resources clients can rely on most as they plan and move forward.

How Can Clients Validate Their Readiness for DTCC Transformation?

Clients must submit a testing attestation to confirm completion of applicable testing activities and implementation readiness. Testing attestation is currently available for CNS®, CMU RTTM® and Settlement. CNS® and CMU RTTM® attestations may be submitted through the forms below or by emailing the DTCC Transformation team, while Settlement attestations must be submitted by email.

Firms that do not complete required testing and system updates may experience an impact to their ability to connect to DTCC services. Any testing issues or delays that could affect readiness must be reported to DTCC promptly.

CMU RTTM® Attestation CNS® Attestation

Testing Timeframes

CMU RTTM®: June 30 - October 2, 2026
CNS®: August 24 - October 9, 2026