DTCC Adds Exception Manager to Trade Processing Product Suite

Blog entry

DTCC has introduced Exception Manager, an addition to its institutional trade processing product suite. The solution supports all securities transactions and is designed to allow market participants to publish, manage and communicate exceptions throughout the trade lifecycle.

The exception manager includes a central online industry platform that provides a single view of all post-trade exceptions, analytics to help identify the root cause of operational breaks, and the ability to solve problems at the source, such as incorrect standing settlement instructions (SSIs).

The service also provides a configurable risk dashboard to measure and chart exceptions based on risk criteria, as well as work assignment and collaboration capabilities that enable timely resolution between trade support and pre-settlement groups with secure communications functionality, audit trails and reports.

The exceptions and workflow management service was developed by DTCC in response to client requests for an industry platform to aggregate and better manage settlement issues across multiple parties. Matthew Stauffer, managing director and head of institutional trade processing at DTCC, says the solution “centralises and standardises exception processing to enable faster resolution, deliver a significant reduction in the number of exceptions, and support exceptions in trade validation and settlement processing”.

DTCC Exception Manager is targeted at all parties involved in the trade lifecycle, including buy-side firms, outsourcers, broker/dealers, custodians, prime brokers, clearing brokers and other settlement agents.