Presentation on theme: "BDUG 2006 Preparing for the Future Town Hall Meeting October 18 th, 2006 8:15 AM – 9:30 AM."— Presentation transcript:
BDUG 2006 Preparing for the Future Town Hall Meeting October 18 th, :15 AM – 9:30 AM
Agenda BDUG Mission Statement 2006 Results Toward Goals Industry Challenges Open Discussion
BDUG Mission Statement Increase the information flow between DTCC and its participant banks. Provide DTCC management with input related to their policies, procedures, and operations. Promotes a spirit of cooperation and goodwill among BDUG members and DTCC.
2006 Results Toward Goals Goal: Maintain the on going financial viability of the organization. Results: Maintained balances in reserve funds to allow the organization to plan out 2 years. Invested the reserve funds in CD’s to generate investment income to offset the majority of credit card fee’s.
2006 Results Toward Goals Goal: Increase DTCC presences and support of BDUG. Results: Provided Bill Aimetti, COO of DTC as key note speaker to our Annual Meeting Solid attendance and participation of key personnel at Annual Meeting Sponsored the visit and reception to the Southern Business Center Organized the first Webinar on Deriv SERV BDUG Chairman and Vice Chairman met with Senior DTCC leadership to confirm continued support of BDUG
2006 Results Toward Goals Goal: Increase BDUG presence throughout the year to our members. Results: Conducted first ever Webinar session on Deriv SERV. Updated website on a regular basis. Continued to use e – mail to reach out to our members. Publish a key contact document for each participating Bank.
2006 Results to Goals Goal: Increase Bank membership by 10% from 51, 56 members. Results: Banks Members Dues Collected$ 16,500$22,850$20,900$18,300
2006 Results Toward Goals Goal: Increase Bank membership participants at Annual Meeting by 10% from 75 to 82. Results: Total Attendees Bankers DTC Guest Vendors Total
ChallengesImpact Consolidation of Member Banks.Reduction in the number of members. Reduction in the number of members.Reduction in the number of potential attendees to the Annual Meeting Firms moving operation centers to outside the Reduction in the number of potential attendees U.S.to the annual meeting. Lack of compelling industry initiatives or mandates Less need to attend Annual Meeting. (Prior initiatives were T+3, Y2K.) Improved communication toolsLess need to attend Annual Meeting. ( , web-site). More frequent communication by DTCCLess need to attend Annual Meeting. (Quarterly Updates, Monthly Newsletter). DTCC’s participant in other industryReduce need to be a member and to attend Forums.Annual Meeting Consolidation of industry associationsMaintaining membership is increasingly difficult (SIA with BMA, and ABA with Cannon School) Industry Challenges
The World is Changing We Need to Change to Maintain Viability
Open Discussion Items How do we get more Bank participants? How do we get those Banks to participants in the annual meeting? How do we get more participants at the annual meeting by each participant bank? How important is hotel price staying below $200? How important are the CSOP credits to participants? How important is the membership book and how often do you refer to it? Do we consolidate the annual membership fee with the annual meeting fee (for 1 or 2 attendees)?
Sunday Event Feedback Added a Luncheon Cruise –Huge success, 25 participants. 3 rd Annual Golf Tournament –24 Participants –Change Format? Best Ball Tournament Overall participation, 49 members & guests.
Please Consider Joining the Steering Committee. 3 Open Positions!! Key Points to Keep in Mind: 4 year commitment by both the member and the Bank Requires attendance at the Annual Meeting Requires attendance at 2 committee meetings throughout the year Each member takes on specific roles on the committee Participating on the committee provides both professional and personal enrichment
Thank You!! John Hosty Todd Rhodes Anita Higgins Margaret Bond Scott Nielsen Daniel McHale Veneta Kokenes Mark Cashion