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CHAPTER SIX | A DAY UNLIKE ANY OTHER
A Close Call
When employees began gathering for work on September 11, the day was expected to unfold very differently. Chairman and CEO Jill Considine had organized an employee appreciation day event, and all DTCC leaders were expected to be on hand. It was the duty of flipping burgers that kept Donald Donahue from a planned risk conference on an upper-level floor at the World Trade Center. Before the grills were fired up, senior management was in a committee meeting when someone sent word that a plane had struck the North Tower of the World Trade Center.
With brilliant sunshine, a deep blue sky and mild temperatures, the morning of September 11, 2001, gave no warning as to what would unfold that day and its lasting effects on DTCC, New York City, the country and the world.
2002 Government Securities Clearing Corporation, Mortgage-Backed Securities Clearing Corporation and Emerging Markets Clearing Corporation are all
2002 NSCC achieves a record low cost of 4.7 cents per side to clear a trade. It processes 4.1 billion transactions, up 17 percent over the previous year.
2002 Fund/SERV sees the volume and value of its transactions
2002 Dividend and interest income payments processed top $1 trillion,
increase by 14 percent. Processing costs would
up 19 percent over the previous year.
remain at the same low rate of 17.5 cents per transaction.
consolidated under the DTCC holding company umbrella.
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