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DTCC

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America’s leading clearing and settlement firm improves insight, accuracy and auditability, and control with MetraNet

Customer

The Depository Trust & Clearing Corporation (DTCC) is the world’s largest clearing house handling over 4 billion transactions valued at $7 trillion per day. DTCC plays a central role in America’s financial markets. Its family of companies has helped automate, centralize, standardize and streamline processes that are critical to the safety and soundness of capital markets worldwide.

DTCC has evolved into a key national organization safeguarding the transfer of securities ownership and the settlement of trillions of dollars in trade obligations. Its work is completed under tight deadlines every day. Its primary mission is to reduce costs while protecting and mitigating risk for its members.

Business Needs

The financial crisis of 2008 created an immediate need for DTCC to provide increased transparency and provide the ability to report exposures resulting from multi-party transactions. At the same time, global expansion prompted DTCC to address their complex multi-business unit agreements and look for ways to provide flexible pricing and fee management across multiple currencies and languages. With 13 subsidiaries and joint ventures, DTCC wanted to reduce manual processes and control costs, while supporting the service needs of its customers and partners.

Solution

MetraNet

Results

  • Consolidated pricing and billing for all divisions of DTCC
  • Improved accuracy, auditing, regulatory compliance and risk mitigation
  • Improved the customer experience through a portal for 10,000+ customers across Americas and Europe
Anthony Savarese

We recognize that an enterprise billing solution will be a key asset as we expand our product line, client base and geographic reach, and will allow us to manage our business in an efficient and cost-effective way. MetraNet will help us achieve those goals.

Anthony Savarese
Managing Director, Finance, DTCC