Settlement & Exception Management

Don’t underestimate the cost of a failed trade under the Central Securities Depositories Regulation’s (CSDR) Settlement Discipline Regime (SDR). While penalties may seem small, multiple fines will mount up very quickly and the administrative burden will be high.

Post trade exception processing can create operational risk and drive a significant amount of inefficiency for all parties to a trade. Data needs to be consumed and processed from many disparate systems including matching platforms, trading counterparties, settlement entities and market infrastructures. The related communication is time consuming, overwhelming to manage and introduces risk.

DTCC Exception Manager gives clients the ability to publish, manage and communicate on exceptions throughout the trade lifecycle based on accurate source data, aligning to operational and regulatory requirements including CSDR’s SDR. By centralizing and standardizing exception processing across a common shared platform and providing detailed post trade analytics, the service enables faster resolution and delivers a significant reduction in the number of future exceptions.

And, with new CSDR module, DTCC Exception Manager will flag transactions that are in scope for CSDR, providing users with the ability to easily identify priority work prior to Settlement Date to help manage activity and prevent a fail from occurring. The CSDR module will include functionality such as predicted penalty calculation, exception prioritization and, if needed, the ability to generate an email to initiate the claim process with a counterparty.

To learn more visit www.dtcc.com/exceptionmanager.

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