Federal Register #600-46

DTCC ITP LLC Application for Exemption from Clearing Agency Registration – Central Trade Matching and Confirmation Services

This opportunity concerns DTCC ITP LLC's application for exemption from registration as a clearing agency, as reviewed by the Securities and Exchange Commission (SEC). - Government Buyer: - Securities and Exchange Commission (SEC) - Division of Trading and Markets - OEMs and Vendors: - DTCC ITP LLC (wholly owned subsidiary of DTCC) - Services Requested: - Central Trade Matching (CTM) Service - Post-trade matching for securities transactions - Includes settlement instruction management and data analytics - TradeSuite ID Service - Automated electronic distribution of trade details for DTC-eligible securities - Includes archival and analytics services - ALERT Service - Global database for accounts and standing settlement instructions (SSIs) - Unique or Notable Requirements: - Services facilitate allocation, matching, confirmation, and affirmation of securities transactions - Operational and interoperability conditions to ensure regulatory compliance and transparency - Regular updates to service catalogs and pricing - Board oversight and compliance reporting - DTCC ITP LLC will not perform other clearing agency functions such as net settlement or maintaining open positions - No procurement of products or tangible goods; focus is on specialized financial transaction services - No purchase quantities or part numbers provided

Description

This notice pertains to the filing of an application by DTCC ITP LLC seeking exemption from registration as a clearing agency under Section 17A of the Securities Exchange Act of 1934. The application details changes to the DTCC ITP Services Catalog, pricing adjustments, the current STP Roadmap, and other procedural updates that do not require prior approval from the Commission. DTCC ITP proposes to provide client services facilitating the allocation, matching, confirmation, and affirmation of securities transactions, including central trade matching and ETC services. The applicant will not perform other clearing agency functions such as net settlement or maintaining open positions. The application includes operational conditions, board oversight, and compliance with regulatory requirements.

View original listing