DTCC Broadens Its Reach in Alternative Investments Industry by Signing 100th Client

The Alternative Investment Product (AIP) suite of services continues to expand to serve the marketplace and provide unrivaled automation and efficiency for the processing of alternative investment products.

NEW YORK--()--The Depository Trust & Clearing Corporation’s (DTCC) Wealth Management Services (WMS) today announced signing its 100th client to its Alternative Investment Product (AIP) suite of services, showcasing a milestone in the adoption of the platform in the alternative investment products marketplace.

“Signing our 100th client is a testament to the growing industry need that AIP is meeting and the evolution of the service,” said Keisha Bell, DTCC Vice President, WMS. “At our outset, we anticipated swift adoption and are committed to providing exceptional service that simplifies and streamlines processes for our clients. As even more firms implement AIP, the alternative investment products industry can benefit from greater bandwidth for exponential growth.”

Since AIP’s establishment, the service has provided its subscribers in the alternative investment community scalability through a centralized communications network, improved efficiencies, reduced operational risks and lowered costs.

Prior to AIP, the industry had encountered a multitude of challenges during the alternative investment subscription process such as fragmented data, convoluted communications and time intensive, manual and error-prone processes. As a comprehensive solution, AIP links its global market clients through a single-source platform that addresses operational issues related to capital investments and investor activity.

AIP processed its first automated trade through DTCC’s National Securities Clearing Corporation (NSCC) subsidiary in 2012 and began providing a streamlined, automated and centralized processing solution to propel the market for alternative investments. Today, AIP processes approximately 2.3 million records monthly and 90,000 records daily.

  • Central Clearing and Settlement - Enables streamlined trade matching, which increases speed of settlement, accuracy and scalability.
  • Improved Exception Processing - The AIP service provides data validation and exception processing on the order and sub-documentation. The service issues exceptions back to the transaction originator, who may accept, correct or reject the transaction.
  • Increased Transaction Transparency - The AIP service provides an audit trail on all processed transactions and transparency into transaction status.
  • Common Security Master - AIP maintains referential fund attribute data in one central repository, creating a “golden copy” of fund-related data and rules.
  • Lower Operational Costs – Because no paper will be moved.

For more information about AIP:

About DTCC

DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2012, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. DTCC’s global trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide.

For more information, visit dtcc.com, and follow us on Twitter: @The_DTCC

Contacts

DTCC
Kasi Martin, 813-470-2153
kmartin@dtcc.com
or
Judy Inosanto, 212-855-5424
jinosanto@dtcc.com

(Graphic: Business Wire)

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Release Summary

The Alternative Investment Product suite of services continues to expand to serve the marketplace and provide unrivaled automation for the processing of alternative investment processing.

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Contacts

DTCC
Kasi Martin, 813-470-2153
kmartin@dtcc.com
or
Judy Inosanto, 212-855-5424
jinosanto@dtcc.com