© DTCC
AGENT REPORT CARD
April 2013
DTCC Non Confidential (White)
© DTCC 2
Agent Report Card
DTCC Non Confidential (White)
This report highlights the performance of the top agents responsible for the processing of CMO/ABS securities in two specific areas of concern:
1) The unavailability of timely rate information.
2) Inaccurate rate information that requires amendment and therefore post payable date adjustments to DTC’s participants.
The impact of each agent on last month’s performance is reflected in bar charts showing “late/amended” information.
In addition, the top three agents with the best record in each category have been highlighted in Green.
© DTCC 3
Agent Report Card - Rankings
DTCC Non Confidential (White)
Rates Open at COB P/D - 1
Late Rates after 3:00 pm Cut-off on P/D
Amended Announcements
Amended Announcements 30
Days + after P/DBank of NewYork Mellon 5 5 4 4
Citibank 2 1 5 5
Deutsche Bank 1 1 2 1
US Bank 3 3 1 2
Wells Fargo 4 4 3 3
(Best three in each category highlighted in green)Rankings based on a percentage of an agent's total rates
Agent Report Card
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4.17%1.22% 0.47% 0.17% 0.03%
0.00%5.00%
10.00%15.00%20.00%25.00%30.00%35.00%40.00%
Bank of NewYork M
ellon
Wells Fargo
US Bank
Citibank
Deutsche
Conforming Late RatesCMO/ABS Payable on the 15th and 25th
DTCC Confidential (Yellow)
3.23 3.75 4.10 4.44 4.93
1,048 460 88 6 4
65.26% 28.64% 5.48% 0.37% 0.25%
-0.41 0.11 0.46 0.80 1.29Deviation From theIndustry Sigma
Sigma Level
Number of Late Rate
As a Percentage of TotalLate Rates From All Agents
DTCC Non Confidential (White)
Rates open at COB on P/D –1As a percentage of an agent’s total rates
3.23 3.75 4.10 4.44 4.93
Industry σ: 3.64
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0.75%
0.16%0.07%
0.00% 0.00%0.00%0.10%0.20%0.30%0.40%0.50%0.60%0.70%0.80%
Bank ofNew
YorkM
ellon
Wells
Fargo
US Bank
Deutsche
Citibank
All Late RatesCMO/ABS Payable on the 15th and the 25th
DTCC Confidential (Yellow)
After 3:00 p.m. EST on payable date and subsequent days As a percentage of an agent’s total Rates
3.93 4.45 4.70 6.00 6.00
188 60 13 0 0
72.03% 22.99% 4.98% 0.00% 0.00%
-0.36 0.16 0.41 1.71 1.71
Sigma Level
Number of Late Rate
As a Percentage of Total LateRates From All Agents
Deviation From theIndustry Sigma
DTCC Non Confidential (White)
3.93 4.45 4.70
6.00 6.00
Industry σ: 4.29
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7.35%
5.13%
2.02%
0.61% 0.42%0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%
Citibank
Bank of NewYork M
ellon
Wells Fargo
Deutsche
US Bank
All Amended RatesCMO/ABS
DTCC Confidential (Yellow)
As a percentage of an agent’s total rates
2.95 3.13 3.55 4.00 4.14
266 1,291 764 82 79
10.72% 52.01% 30.78% 3.30% 3.18%
-0.51 -0.33 0.09 0.55 0.68
Sigma Level
Number of Amended Rates
As a Percentage of TotalAmended Rates From All Agents
Deviation FromDTCC Non Confidential (White)
2.953.13
3.55 4.00 4.14
Industry σ: 3.46DTCC σ: 4.80
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99.62% 97.21% 96.99%
74.68%
14.63%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
Citibank
Bank of NewYork M
ellon
Wells Fargo
US Bank
Deutsche
All Amended RatesCMO/ABS
30 days+ after payable dateAs a percentage of an agent’s total amended rates
DTCC Non Confidential (White)
265 1,255 741 59 12
11.36% 53.82% 31.78% 2.53% 0.51%
Number of AmendedRates 30 Days +
As a Percentage of TotalAmended Rates From All Agents
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Monthly Sigma Versus TargetsConforming Structured Securities - Payable 15/25
DTCC Non Confidential (White)
Open rates at COB on P/D-1
3.23
4.44
4.93
4.103.75
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Bank of N
ew York M
ellon
Citibank
Deutsche
US Bank
Wells Fargo
Apri l Sigma April Industry Average 3.64
Apri l Sigma Target 3.77 Dec Sigma Target 3.8
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Monthly Sigma Versus TargetsAll Structured Securities – Payable 15/25
DTCC Non Confidential (White)
Rates Received after 3:00pm on P/D
3.93
6.00 6.00
4.704.45
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Bank of N
ew Y
ork Mellon
Citibank
Deutsche
US
Bank
Wells Fargo
April SigmaApril Industry Average .00April Sigma Target 4.78Dec Sigma Target 4.79999999999955
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Monthly Sigma Versus TargetsAll Structured Securities – Amended Rates
DTCC Non Confidential (White)
As a percentage of Total Rates
3.13
4.00 4.14
3.55
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Bank of N
ew Y
orkM
ellon
Citibank
Deutsche
US
Bank
Wells Fargo
April SigmaApril Industry Average .00April Sigma Target 4.18Dec Sigma Target 4.20066981625568
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36.04%31.42%
10.20%4.94% 3.24%
0.00%5.00%
10.00%15.00%20.00%25.00%30.00%35.00%40.00%
Wells Fargo
Bank of NewYork M
ellon
Deutsche
US Bank
Citibank
Conforming Late RatesCMO/ABS All Payable Date excluding the 15th and 25th
DTCC Confidential (Yellow)
1.86 1.98 2.77 3.15 3.35
4,648 1,275 281 266 19
71.63% 19.65% 4.33% 4.10% 0.29%
-0.31 -0.18 0.60 0.98 1.18Deviation From theIndustry Sigma
Sigma Level
Number of Late Rate
As a Percentage of TotalLate Rates From All Agents
DTCC Non Confidential (White)
Rates open at COB on P/D –1As a percentage of an agent’s total rates
1.86 1.982.77 3.15 3.35
Industry σ: 2.17
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3.60%
2.56%
1.82%
0.25%0.00%
0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%
Bank ofNew
YorkM
ellon
US Bank
Wells
Fargo
Deutsche
Citibank
All Late RatesCMO/ABS Excluding Payable on the 15th and the 25th
DTCC Confidential (Yellow)
After 3:00 p.m. EST on payable date and subsequent days As a percentage of an agent’s total Rates
3.30 3.45 3.59 4.30 6.00
146 138 235 7 0
27.76% 26.24% 44.68% 1.33% 0.00%
-0.24 -0.09 0.05 0.76 2.46
Sigma Level
Number of Late Rate
As a Percentage of Total LateRates From All Agents
Deviation From theIndustry Sigma
DTCC Non Confidential (White)
3.30 3.45 3.59 4.30 6.00
Industry σ: 3.54