1. Americas Central Securities Depositories Annual General Assembly
John Abel
March 21, 2019

2. Equity Securities Financing Transactions Clearing
Develop a model to centrally clear equity financing transactions
Includes securities lending, borrowing and repo transactions
Supports central clearing of institutional clients through Sponsoring Members
Supports broker-to-broker clearing
Maximize member capital efficiency and mitigates systemic risk
Allows members to net financing transactions against the CCP thereby reducing capital requirements
SFT Transactions settle versus NSCC
SFT transactions mature next day
SFT transactions settle DVP at DTC

3. Accelerated Settlement / Settlement Optimization
DTCC published Modernizing the U.S. Equity Markets Post-Trade Infrastructure in January 2018
Optional T+1 settlement
Settlement Optimization
Night cycle reengineering
Intraday settlement slice
Enhanced asset lending
CCP pledge facility
Alternative CNS settlement