DTCC最近举办的2021年资产服务论坛, 实际上是在11月举行的, brought together over 150 clients and DTCC executives to discuss key topics in the asset services business, as well as developments in DTCC’s products and services.
“DTCC has taken a leadership position on solving many industry pain-points in 公司行为 processing, and this annual forum is intended to provide a platform to engage in an open, 透明讨论推荐正规买球平台的进展,安·玛丽·布里亚说, 存执行董事, 资产服务业务管理, 在她的开场白中. “We appreciate this opportunity to share updates with our clients. Although we never anticipated we’d still be hosting this virtually this year, we look forward to hopefully meeting in person at the next event.”
以了解更多推荐正规买球平台任何服务的信息, 论坛中讨论的能力或发展, 请联系你们的客户关系经理.
他说:“推荐正规买球平台正在采取分阶段和有节制的方法, to be sure the solution offered drives efficiencies for all stakeholders to ensure that any issues or questions that arise from the new process can be addressed timely and efficiently.” – Sara Genovese, DTCC 公司行为 Business Manager
以应对市场波动, the T+1 initiative promises reduced settlement times from the current T+2 to T+1 which are expected to reduce systemic risk and significantly lower costs. Some of the challenges specifically identified for 公司行为 under a T+1 scenario include securities lending, 交易所更改的前日期, 证券付款令的申索整合, replacement of collateral and shortened windows for general processing. On this topic, Matthew Schill, DTCC Director, 正规的买球赛平台管理, provided an update on the progress and challenges faced within the T+1 initiative.
“结算周期很复杂, interconnected processes – and shortening it will require due diligence around identifying operational and business impacts,” said Schill. “公司行动业务, it means we should take this opportunity to rethink not only the underlying technology, but especially the various legacy processes that no longer make sense in today’s market.”
Schill noted the T+1 Industry Working Groups have been meeting for several months to identify and analyze the key products, markets, and processes that will need to be modified in a move to T+1. Their findings will be presented in an executive summary document within the coming weeks.
相关:现代化的证券 & 公司行为的处理
在席尔主持的座谈会上, 存的克里斯托弗·斯哥图, 正规的买球赛平台管理总监, 以及金菲尔德公司的约翰·罗登菲尔德, CPO兼联合创始人, discussed the progress that has been made with automating claims processing – from “cradle to grave” – and how a tool like DTCC’s ClaimConnect can ease the pain points and risks that affect claim management.
“This used to be a four or five-way back-and-forth game of table tennis just to resolve a claim,” said Scotto. “Automation has enabled advancements in our ClaimConnect service, which saves considerable labor and costs by reducing the amount of manual work and the number of claims submitted all while ensuring clients maintain Debit Cap health.”
Schill also noted that although the claims community has made strides working together to improve the exception processing ecosystem, progress can still continue with future service integrations and other use cases.
存的Andrea Mendoza-Felix, 副主任, led the next update for clients on Puerto Rico bond restructuring, with an overview of the work DTC did in collaboration with Prime Clerk, the agent, 为行业提供活动支持.
“波多黎各债券重组 could be considered one of the major corporate action events launched this year. It’s complexity and high volumes caused great impact to the industry, and DTC played a big role in supporting this event in its entirety, 包括支持投票支持该计划.- DTCC副主任Andrea Mendoza-Felix
由于波多黎各债券重组, certain investors were given the options to vote on the plan. DTC的有效处理和处理,500+事件超过660+ CUSIPs和2,500+ Contra CUSIPs支持多种选项.
“The solutions stemming from this event have continued to improve partnerships with external agents and clients when working through processing voluntary reorg events, 确保理解和协作,”Mendoza-Felix说.
Voluntary Reorganization events are increasingly complex, risky, 成本高，影响加工链的所有环节. DTCC has undertaken a sweeping initiative to address how to automate and streamline the instruction process, 哪一种会降低客户成本, errors and risks that are characteristic of the process. 如果超过600,000 reorganization instructions are processed by DTCC each year, there is considerable opportunity for efficiency improvements
Progress on this multi-year project was discussed in this client panel moderated by Steve Sloan, DTCC Director, 正规的买球赛平台管理, 包括克里斯蒂娜·帕雷德斯, 存管副主任, 正规的买球赛平台管理; Thomas Amendola, Broadridge, Product Manager; John O’Day, 美银美林, Director of Process Development and Transformation; and Cynthia Parrillo, Citi, 美国资产服务正规的买球赛平台开发经理.
“The modernization of our client-facing platforms has enabled DTCC to embrace new technologies,” said Sloan. “除了ISO 20022实时消息, new client-facing APIs [Application Programming Interfaces] can offer the industry another way to communicate with DTCC and downstream counterparties.”
“DTCC has automated the processing of voluntary events and provided clear and concise instructions as part of their support throughout implementation for external agents,裴瑞兹说. “These partnerships remain beneficial to all parties and will continue to progress for the future as feedback is gathered for improvement.”