DTCC's Deriv/SERV Trade Information Warehouse Wins ''Technology Platform of the Year'' from Risk Magazine

DTCC's Deriv/SERV Trade Information Warehouse was recognised last
week as the "Technology Platform of the Year" by Risk magazine. The
warehouse is a centralised global infrastructure for the post-trade
processing of over-the-counter (OTC) derivatives launched by The
Depository Trust & Clearing Corporation (DTCC) in November 2006.

Risk magazine's Annual Awards recognise best practice and
innovation in the derivatives and risk management industries globally.
An expert panel at Risk decided the winners over a three-month judging
process, which included a lengthy due diligence process, including
customer references and an in-depth look at each platform.

"The Deriv/SERV Warehouse is a critical part of how DTCC is
bringing automation to the OTC derivatives community, and our progress
to date has been achieved through collaboration with customers and
market participants globally," said Robert J. McGrail, executive
managing director, Domestic and International Core Services, DTCC. "We
are grateful that Risk magazine has honoured us with this award."

In recognizing the Trade Information Warehouse, Risk highlighted
the platform's speed to market, noting the service was delivered "on
time and budget in an aggressive schedule from a February announcement
to a November launch date."

The Trade Information Warehouse provides a comprehensive trade
database and support infrastructure that automates and standardises
post-trade processes (such as payments, notional adjustments and
contract term changes) over a contract's life, which can extend five
or more years. The warehouse decreases operational risk by automating
manual, bilateral reconciliation and processing for Deriv/SERV's 750+
customers, which include global derivatives dealers, traditional asset
managers, global investment banking firms, and hedge funds.

Today, Deriv/SERV electronically confirms 80% of credit
derivatives traded globally, up from 40% in 2005. The warehouse builds
on Deriv/SERV by using confirmed trade details as input for the
warehouse, so that post-trade processing flows automatically from
up-to-date trade terms. Initially, the warehouse will support credit
derivatives, and then extend to other OTC derivatives products
including rates, equities, FX and commodities.

About Risk

Risk magazine is the leading publication for the global
derivatives and risk management communities. Celebrating its
20th anniversary this year, Risk is read by more than 80,000 financial
professionals each month and its annual awards are widely acknowledged
and celebrated for the standards of excellence they have established
for the markets covered by the magazine.

Risk is published by Incisive Media, a London-based business
information provider. See www.Risk.net for more information about
Risk.

About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its
subsidiaries, provides clearance, settlement and information services
for equities, corporate and municipal bonds, government and
mortgage-backed securities, money market instruments and
over-the-counter derivatives. In addition, DTCC is a leading processor
of mutual funds and insurance transactions, linking funds and carriers
with their distribution networks. DTCC's depository provides custody
and asset servicing for more than 2.5 million securities issues from
the United States and 100 other countries and territories, valued at
$31.2 trillion. In 2005, DTCC settled more than $1.4 quadrillion in
securities transactions. DTCC has operating facilities in multiple
locations in the United States and overseas. DTCC's derivatives
services are offered through DTCC Deriv/SERV LLC, a wholly owned
subsidiary of DTCC. For more information on DTCC, visit www.dtcc.com.