There are well established benefits to business process automation, whose key principles include quality and consistency, timeliness and transparency, governance & reliability, all of which improve operational efficiency. The DTCC Exception Manager benefits extend across the trade lifecycle by applying the same principles to exceptions.

An “exception” refers to a transaction that requires user attention, to ensure the transaction settles successfully. Post-trade exception processing creates operational risk and drives a significant amount of inefficiency for all parties to a trade. Data needs to be consumed and processed from many disparate systems including matching platforms, trading counterparties, settlement entities and market infrastructures. The related communication, predominantly emails, is overwhelming, cumbersome to manage, and introduces risk.
The DTCC Exception Manager platform allows market participants to publish, manage and communicate on exceptions throughout the trade lifecycle process. This exception and workflow management service supports all securities transactions globally. It centralizes and standardizes exception processing to firstly enable faster resolution, and then deliver a significant reduction in the number of exceptions.