Comprising over 400 industry subject-matter experts, the Sub-Working Groups are responsible for determining the required changes to various business processes within each of their Workstreams. Team Alpha has the added task of identifying T+2 product scope. The Sub-Working Groups will perform a detailed analysis of each Workstream to identify any required technology, behavioral, regulatory, etc. changes required to facilitate a move to T2.
Team Alpha
John Kiechle and Ed Fanning
DTCC Co-leads
Workstreams
1. ADR
2. ETF
3. Product Scope
4. FX/Foreign Investor
5. Corp/Muni/UIT
Team Bravo
Josephine Torelli and Greg Johnston
DTCC Co-leads
Workstreams
1. Fund/SERV
2. Access=Delivery
3. Affirmation/Matching
4. Standing Settlement Instructions (SSI) Enrichment
Team Charlie
Matt Schill and Jon Ciciola
DTCC Co-leads
Workstreams
1. Corporate Actions
2. Dematerialization
3. IPO
Team Delta
Tom Sakaris and Bob Cavallo
DTCC Co-leads
Workstreams
1. Prime Brokerage
2. Securities Lending
3. DTC/NSCC
4. Retail Funding
Team Lima
Nikki Poulos and Jacqueline Farinella
DTCC Co-leads
Workstreams
N/A