4 March 2014

New York Business Forum, NY

v04

DTCC and SWIFT: Navigating the Challenges Ahead

DTCC & SWIFT: Navigating the Challenges Ahead

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Clearing Services

Settlement and Asset Services

Investment Product Services

Data and Repository Services

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DTCC Services

• Industry-owned utility

• Backbone of the US industry

• Robust

• Massively scalable

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40 Years Old

$42.9 Trillion

Value Held

$1.1 Trillion Settled per Day

$1.6 Quadrillion

Settled in 2013

DTCC in Numbers

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DTCC Global Footprint

AMSTERDAM, NETHERLANDS

BOSTON, MASSACHUSETTS

BRUSSELS, BELGIUM

CHENNAI, INDIA

DALLAS, TEXAS

FRANKFURT, GERMANY

HONG KONG, CHINA

JERSEY CITY, NEW JERSEY

LONDON, ENGLAND

MANILA, PHILIPPINES

NEW YORK CITY, NEW YORK

SAN FRANCISCO, CALIFORNIA

SHANGHAI, CHINA

SINGAPORE

SEOUL, KOREA

STOCKHOLM, SWEDEN

SYDNEY, AUSTRALIA

PARIS, FRANCE

PUDONG, SHANGHAI

TAMPA, FLORIDA

TOKYO, JAPAN

TORONTO, ONTARIO

WASHINGTON, D.C.

WREXHAM, WALES

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DTCC – SWIFT Collaboration

Collaboration

• Industry-owned utility

• Cornerstone of the US industry

• Robust • Massively

scalable

• Industry-owned utility

• Backbone of the industry

• Robust • Scalable with

global reach

Together, we aim to: • Reduce industry overall costs • Increase operational

efficiency and STP • Reduce industry risks

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DTCC Services using SWIFT

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Existing DTCC Services using SWIFT

Asset Services

• Provides Corporate

Action events against

DTC eligible securities

in ISO 20022 format

• Uses SWIFT to send

the ISO 20022 MX

messages to the client

over InterAct

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Existing DTCC Services using SWIFT

Legal Entity Identifier

(LEI)

• Driven by regulatory

demands for the

unique identification of

legal entities to help

enable improved

systemic risk analysis

• Global LEI System

overseen by 55+

Regulator Member

ROC

• DTCC/SWIFT are the

largest Pre-LOU

provider with over

120,000 entities

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Existing DTCC Services using SWIFT

EPIM

• European Pre-

Issuance Messaging

automates the

issuance of European

Money Market

Instruments, e.g. CP &

MTNs

• Uses SWIFT to

connect to Clearstream

and Euroclear over

InterAct

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Existing DTCC Services using SWIFT

TIW CLS

• Trade Information

Warehouse

centralized global

repository for trade

reporting of OTC CDS

derivatives

• Uses SWIFT to send

payment messages to

/ from the CLS FX

settlement agent

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Existing DTCC Services using SWIFT

Omgeo

• Provides post-trade

services allowing

Broker Dealers to

receive SWIFT post-

trade MT messages

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Existing DTCC Services using SWIFT

EuroCCP

• Provides clearing

services to European

counterparties

• Uses SWIFT to

communicate with

members and

settlement agents

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Existing DTCC Services using SWIFT

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Strategic Initiative Discussions with SWIFT

• Global Trade

Repository for

Derivatives

• Collateral Initiatives - -

Margin Transit

• SSI Utility - - Industry

Expansion of Alert

Database

• Expansion of Client

Reference Data

Services - - KYC

Compliance/Client

Onboarding

DTCC & SWIFT: Navigating the Challenges Ahead