DTCC ITP Service
The Depósito Central de Valores (DCV), in alliance with the Depository Trust Company Co. (DTCC) and its subsidiary, DTCC’s Institutional Trade Processing (ITP), makes available the CTM ™ transaction confirmation service, the best way to validate your operations with foreign investors.
This service allows the confirmation of the operation details between investors and brokers, facilitating the “matching post-trade and pre-settlement” process. The CTM ™ transaction confirmation platform together with the complementary ALERT service, provide uninterrupted connectivity from the commercial execution to the settlement of operations in more than 50 countries, and provides the possibility of including settlement instructions so they can be informed to counterparties.
Benefits of this service
Access more information
|Name of the Documents (Spanish only)||Type||Size|
|Ficha servicio Comparación de Transacciones vía DTCC-ITP||912 kb|
|Descripción de servicio comparación de transacciones via DTCC ITP||61 kb|
|Check List Incorporación al Servicio de Comparación de Transacciones||26 kb|
|Manual de Operaciones Servicio de Comparación de Transacciones V3 Junio 2014||988 kb|
The comparison transaction service was set up as a result of the agreement between DCV and DTCC ITP (subsidiary of The Depository Trust & Clearing Corporation (DTCC) and Thomson Reuters) for the purpose of providing an automated platform which facilitates the communication between the parties thereto (broker investor) both for domestic and cross border transactions for all tasks performed after completing and registering transactions (post trade) and pre settlement.
In fact, the scope of action of this service is positioned between post trade and pre settlement, in an electronic and secure environment, following rules that had been agreed upon. Email or fax confirmations are therefore eliminated, and as a consequence of this there is time saving and a reduction of costs and risks.
This service may be complemented with another tool known as “Alert”, which purpose is providing a global base that enables the registry, modification and enquiry of settlement instructions.
- Operational Efficiency
- Eliminates delays which create higher exception rates and failed transactions
- Increase in the speed of operations’ processing
- Cost reductions, as it removes errors in the hand written and oral communications, furthermore, it minimizes back-office work
- MImproves SDA Rate (Same Day Affirmation Rate)
- Closing rate of operational details on negotiation day, which will mean a positive effect on the following cycles:
- Execution notification by the broker
- Direct transmission of allotment details by the investor
- Confirmation of those allotment details by broker
- Confirmation of Investment
This service is complemented with “ALERT”, which purpose is providing a global base that enables the registry, modification and enquiry of settlement instructions. ALERT achieves automatic enrichment of settlement instructions; the data required in order to record operations with CTM, thus enabling the parties involved to receive standard information in a timely manner in order to settle these transactions.