Settlement

Welcome! In this section of the DTCC Learning Center you will find the resources you need to maximize your use of DTCC’s Settlement offerings. To find the content you need, either use the Search field or select a product below to access user guides, file specifications, video tutorials, and more.

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Click on the boxes below to learn about the transaction types and activities that make up the settlement process.

DTC Loss Allocation

Log in to view the two-part DTC Loss Allocation Overview video series to obtain a better understanding of DTC's Loss Allocation practices and how they would be applied in the event of (hypothetical) single-or-multiple-participant default or non-default loss events.

Part 1

DTC Loss Allocation Overview - Part 1 explains DTC's loss allocation practices at a high-level, as they apply to both a defaulting participant and NDL events. We discuss:

• Participant Defaul Loss Allocation (Waterfall)
• Declared Non-Default Loss Allocation (Waterfall)
• Pro Rata Loss Allocation Calculation Process
• 10 Business Day Event Period
• Loss Allocation Rounds and Loss Allocation Caps
• Participant Termination Process

Click to view the 10 minute DTC Loss Allocation Overview - Part 1 video.

Part 2

Continue your journey with DTC Loss Allocation Overview - Part 2  where you explore how DTC's loss allocation practices are applied in the case of (hypothetical) single-and-multi-Participant default and Non-Default Loss events. In Part 2, we review hypothetical examples for:

• Pro Rata Loss Allocation Calculation
• 10 Business Day Event Period
• Loss Allocation Rounds and Loss Allocation Caps
• Participant Termination Process

Click to view the 12 minute DTC Loss Allocation Overview - Part 2 video.