Along with the rapid growth of CMOs and ABS came a number of processing challenges and often late and inaccurate notifications related to these transactions. In an effort amend this situation, The Depository Trust & Clearing Corp. (DTCC) has proposed a series of new initiatives aimed at solving the processing problems of the structured securities market. These new initiatives were discussed in a new white paper issued on June 8 by DTCC.

According to James Balbo, managing director of asset services for DTCC, the average monthly distribution of principal and interest for securities by the company's depository increased to $52.5 billion in 2005, up from $9.5 billion in 2001.

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