Replies to post #33785 on DD Support Board and Research Team

[janice shell]

Hey, here's something bound to get the conspiracy enthusiasts in a tizzy:


DTCC’s Lower Manhattan headquarters location continues to be significantly impacted by flooding and
power outages related to Superstorm Sandy. We are currently operational from our alternate data and
operations centers, except for physical certificate processing and custody services.

We will continue to provide transaction processing and settlement today, following our company established emergency response procedures. NSCC, including Mutual Funds Services, Insurance & Retirement Services and Alternative Investment Products services, will follow normal processing schedules for all transactions and applications, unless otherwise noted below.

Deadlines for NSCC clearing fund, settlement and other processes will be as usual, and all other services will proceed normally, with the exception of all physical certificate and custody processing services.

Wealth Management Services and Insurance & Retirement Services

Wealth Management Services

WMS Mutual Funds will extend the timing of all Networking files by three hours for input and output November 1, 2012. WMS will post specific files names and numbers shortly.

Insurance & Retirement Services

The PSE (test) region continues to be unavailable until further notice. All production Insurance & Retirement Services files and settlement services will be processed per normal schedules.

Physical Certificates

While it is too early at this time to make a definitive determination, we anticipate that due to the flooding in our lower Manhattan location, physical certificates held in our securities vault are likely to have been damaged. We are diligently monitoring and assessing the situation.

All Securities Processing functions, including custody service, are suspended until further notice and we will not be accepting or releasing any physical certificates during this period. We are working with our clients to address this situation and minimize disruptions as much as possible. Further information will be provided shortly.