Managing Risk Overview

Risk Management Framework

DTCC’s risk management framework is designed to comprehensively manage the range of risks to which the organization is exposed while supporting the organization’s objectives and key priorities.

• Risk Management Framework – The Clearing Agencies

  NSCC, FICC and DTC are clearing agencies registered with, and under the supervision of, the U.S. Securities and Exchange Commission (SEC).

  The Clearing Agencies are also designated systemically important financial market utilities under Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) and are “covered clearing agencies” under the SEC’s Standards for Covered Clearing Agencies.

  Covered Clearing Agencies are subject to additional regulatory requirements, including establishing, implementing, maintaining and enforcing written policies and procedures reasonably designed to maintain a sound risk management framework for comprehensively managing legal, credit, liquidity, operational, general business, investment custody, and other risks that arise in or are borne by them.

• Risk Management Framework – Overarching Documents

  

• Risk Management Framework and Overarching Documents

  All DTCC entities, including NSCC, FICC and DTC, are subject to the DTCC Corporate Risk Management Policy and the Risk Tolerance Statements. NSCC, FICC and DTC are also subject to the Clearing Agency Risk Management Framework, which has been filed with and approved by the SEC.