1

Extending Our Infrastructure to

New Products/Services

DTCC Beyond the Basics

Extending Our Infrastructure to

New Products/Services

DTCC Beyond the Basics

Michael Bodson

ACSDA Leadership ForumOctober 8, 2007

Michael Bodson

ACSDA Leadership ForumOctober 8, 2007

2

What industry infrastructure needs can we serve beyond our basic roles as CSD?

What industry infrastructure needs can we serve beyond our basic roles as CSD?

Seek ways to help our participants to compete more effectively by

•Lowering costs and risks

•Increasing efficiency

•Supporting new services and instrument types

•Offering flexible technology for products both on and off exchanges

•Leveraging our capabilities and capacity

Seek ways to help our participants to compete more effectively by

•Lowering costs and risks

•Increasing efficiency

•Supporting new services and instrument types

•Offering flexible technology for products both on and off exchanges

•Leveraging our capabilities and capacity

3

Where to look for chances to add value?Where to look for chances to add value?

Match capabilities with customers’ needs:

• In customers’ traditional markets or market segments, especially in areas where no collective solution or standards yet

•Across and between markets and across borders

•Away from traditional exchanges/products

•By expanding to reach new customer segments

Match capabilities with customers’ needs:

• In customers’ traditional markets or market segments, especially in areas where no collective solution or standards yet

•Across and between markets and across borders

•Away from traditional exchanges/products

•By expanding to reach new customer segments

4

How would we create new capabilities for customers quickly?How would we create new capabilities for customers quickly?

•Closer customer collaboration.

•Consolidation or interoperability with other infrastructure providers?

•Partnerships with non-traditional service providers?

•Adaption/modification of existing capabilities or systems

•Closer customer collaboration.

•Consolidation or interoperability with other infrastructure providers?

•Partnerships with non-traditional service providers?

•Adaption/modification of existing capabilities or systems

5

Other implications to consider in going “beyond the basics”Other implications to consider in going “beyond the basics”•Could we find ourselves competing with our own customers for some of this business?

•Will parts of the industry tell us to stay where we are, to stay focused on traditional role?

•Are other infrastructure providers or service companies competing in this space?

• If we don’t offer solutions, will other service providers make them available?

•Are we supporting a large group of clients or just a small segment?

•Could we find ourselves competing with our own customers for some of this business?

•Will parts of the industry tell us to stay where we are, to stay focused on traditional role?

•Are other infrastructure providers or service companies competing in this space?

• If we don’t offer solutions, will other service providers make them available?

•Are we supporting a large group of clients or just a small segment?

6

Extending DTCC’s InfrastructureExtending DTCC’s Infrastructure

Moderator:

• Michael Bodson, Executive Managing Director, The Depository Trust & Clearing Corporation, USA

Panelists:

• Ann Bergin, General Manager & Managing Director, Wealth Management

• John Ziambras, General Manager & Managing Director, Insurance Services

• Michael Vellecca, Vice President, Deriv/SERV

Moderator:

• Michael Bodson, Executive Managing Director, The Depository Trust & Clearing Corporation, USA

Panelists:

• Ann Bergin, General Manager & Managing Director, Wealth Management

• John Ziambras, General Manager & Managing Director, Insurance Services

• Michael Vellecca, Vice President, Deriv/SERV