Ignite's Golden Minute Trivia (APAC 2)

What is the business unit headed by Susan Cosgrove?

• Chief Financial Office  

• Group Chief Risk Office

• Clearing and Securities Services 

Answer explanation

Susan Cosgrove has served as CFO since 2013 but it was announced last March 29th that she is now President of Clearing and Securities Services. She is now leading all EQ & FI clearance and settlement, asset servicing & underwriting, wealth management and ITP businesses. ITP was added to our securities servies as part of this leadership change.

What is DTCC's brand promise?

• Advancing Financial Statements. Together.  

• Advancing Financial Markets. Together.

• Advancing Capital Markets. Together. 

DTCC's internal social platform for up-to-date news on our business, people, and industry. 

• DTCC Exchange 

• DTCC Intranet  

• DTCC News and Events 

What year were DTC and NSCC combined to form DTCC? 

• 1988 

• 1999

• 2000

What does CNS stand for? 

• Contingent Net Settlement  

• Central Nervous System

• Continuous Net Settlement

Answer explanation

Continuous Net Settlement (CNS) is a settlement process used by the National Securities Clearing Corporation (NSCC) for the clearing and settlement of securities transactions.

NSCC is one of the 3 SIFMUs that DTCC owns.

Who is the Manager of Virtual Private Services team? 

• Ricardo Codizar 

• Owen Macasinag 

• Jose Edquiban

DTCC Manila is a subsidiary of which entity? 

• Depository Trust & Clearing Corporation

• DTCC Data Repository Singapore Pte Ltd  

• DTCC Singapore Pte Ltd

• DTCC Hong Kong Limited 

When is the DTCC Manila’s 50th anniversary going to be celebrated? 

• May 06, 2023

• May 16, 2023

• March 20, 2023

What does SIFMU stand for? 

• Systematically Important Financial Market Utilities

• Standardized Integrated Financial Market Utilities

• Structured Important Financial Market Utilities 

• System Import Finance Market Utilities

Answer explanation

Systemically important financial market utilities (SIFMUs) are entities whose failure or disruption could threaten the stability of the United States financial system.

To date eight entities in the U.S. have been officially designated SIFMUs.

^{3 of which are owned by DTCC.}

The Institutional Trade Processing business unit that we know today used to be a joint venture entity between DTCC and Thomson Financial.

What was it called?

(a)