DTCC Details System Changes

OPERATIONS AND STP

NEW YORK--The Depository Trust & Clearing Corp. (DTCC) will make significant changes to its trade capture, settlement and reporting systems over the next year.

These include the rewrite of the Continuous Net Settlement (CNS) system, the consolidation of the Depository Trust Co. (DTCC) and National Securities Clearing Corp. (NSCC) legacy systems, and enhancements to the Inventory Management System (IMS).

Before any of these changes happen, the NSCC will cease all end-of-day batch reporting as of

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