DTCC Learning Courses

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The curricula were developed in response to customers' requests for a wide range of training for their employees.

DTCC Learning currently offers a full Asset Services curriculum, in addition to select Clearance and Settlement curricula courses. More courses for the last two curricula will be available in the future. Courses for new products and services will be added after they are launched.

The structure of the courses provides building blocks that allow the student to start with the basics and advance to more complex topics and case studies. Students learn at their own pace and demonstrate what they've learned through pre- and post-course assessments. Students who complete all levels of an entire track within a curriculum (for example, Reorganization Levels 1, 2, and 3) will receive a certificate of completion.

Course Topics

ACATS
CNS
Collateral Loans
Custody
Deposits
Deriv/SERV
Dividends
DTC Settlement
FICC
Insurance
NSCC Envelope Settlement
RECAPS
Reorganizations
Stock Loans and Repos
Tax Services
Trade Capture and Reporting
Underwriting
Withdrawals


 

Product Learning Center

Asset Services
Clearance
Corporate Bond, Municipal Bond and Unit Investment Trust (CMU)
Government Securities Division (GSD)
Insurance
Mortgage-Backed Securities (MBS)
Settlement
Wealth Management

  • Coming Soon....

    Corporate Actions
    Cost Basis Reporting Service (CBRS)
    DerivSERV
    New York Portfolio Clearing (NYPC)

Hot Topic: Mortgage-Backed Securities

  • What is a “To-Be-Announced” (TBA) MBS transaction?

    "To-Be-Announced" (TBA) MBS trades are newly issued mortgage-backed securities that are transacted in the forward market.

    Counterparties to TBA transactions know the interest rate, years, settlement month, and CUSIP of the trade but not the actual underlying pools, or mortgages, until "48-hour day."

    On "48-hour day" (2 days before settlement), counterparties are notified (via FICC's EPN) on what pools make up the transacted MBS.