The Depository Trust & Clearing Corporation’s (DTCC) DTCC Exception Manager, its platform to publish, manage and communicate trade exceptions, is now offering an optional Central Securities Depositories Regulation (CSDR) service to assist clients by calculating predicted fail penalties, prioritising exceptions by size of predicted penalty and generating claim emails.
The Depository Trust & Clearing Corporation’s (DTCC) DTCC Exception Manager, its platform to publish, manage and communicate trade exceptions, is now offering an optional Central Securities Depositories Regulation (CSDR) service to assist clients by calculating predicted fail penalties, prioritising exceptions by size of predicted penalty and generating claim emails.
Additionally, there will be a new linkage between Exception Manager and Central Trade Manager (CTM), DTCC’s service to centrally match cross-border and domestic transactions, providing clients with direct access to golden source trade information that only DTCC is able to provide.
“We look forward to launching the new Exception Manager capabilities,” says Matthew Stauffer, Managing Director, Head of Institutional Trade Processing at DTCC. “Access to accurate, authoritative trade data and the ability to quickly capture, prioritise and resolve exceptions is critical to preventing trade fails that could lead to penalties under the forthcoming CSDR’s Settlement Discipline Regime (SDR). The new features will have a tremendously positive impact on our clients’ ability to effectively address exceptions, resulting in greater risk mitigation and cost reduction for the industry.”
