AGENT REPORT CARD - DTCC · AGENT REPORT CARD. September 2019. DTCC Public (White) Agent Report...
Transcript of AGENT REPORT CARD - DTCC · AGENT REPORT CARD. September 2019. DTCC Public (White) Agent Report...
DTCC Public (White)
AGENT REPORT CARD
September 2019
DTCC Public (White)
Agent Report Card
DTCC Public (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 DTCC’s Clients.
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.
Agent Report Card - Rankings
DTCC Public (White)
1.38% 1.04% 0.81% 0.49% 0.01%
40.00%35.00%30.00%25.00%20.00%15.00%10.00%
5.00%0.00% Citibank
Wells
Fargo
Bank ofNew
YorkM
ellon
USBank
Deutsche
Conforming Late RatesCMO/ABS Payable on the 15th and 25th
DTCC Confidential (Yellow)
S i g m a L e v e l 3 . 7 0 3 . 8 1 3 . 9 0 4 . 0 8 5 . 2 3
N u m b e r o f L a t e R a t e 7 7 3 2 6 1 4 0 7 9 1
A s a P e r c e n t a g e o f T o t a l L a t e R a t e s F r o m A l l A g e n t s 1 2 . 3 6 % 5 2 . 3 3 % 2 2 . 4 7 % 1 2 . 6 8 % 0 . 1 6 %
D e v i a t i o n F r o m t h e I n d u s t r y S i g m a - 0 . 2 2 - 0 . 1 1 - 0 . 0 2 0 . 1 6 1 . 3 1
Rates open at COB on P/D –1As a percentage of an agent’s total rates
3.70 3.81 3.90 4.08 5.23
Industry σ: 3.92
DTCC Public (White)
57.89% 59.96% 68.75% 42.08% 29.86 %
40.00%35.00%30.00%25.00%20.00%15.00%10.00%
5.00%0.00% Deutsche
Wells
Fargo
Citibank
Bank ofNew
YorkM
ellon
USBank
Conforming Late Rates
DTCC Confidential (Yellow)
1.01 1 . 2 5 1 . 3 0 1 . 7 0 2 . 0 3
2 2 9 3 6 1 4 3 2 2 3 6 6
1.58% 6 7 . 3 4 % 1 0 . 2 9 % 1 6 . 0 4 % 4 . 7 5 %
-0.40 - 0 . 1 6 - 0 . 1 1 0 . 2 9 0 . 6 2
S i g m a L e v e l
N u m b e r o f L a t e R a t e
A s a P e r c e n t a g e o f T o t a l
L a t e R a t e s F r o m A l l A g e n t s
D e v i a t i o n F r o m t h e I n d u s t r y S i g m a
CMO/ABS All Payable Date excluding the 15th and 25th
Rates open at COB on P/D –1As a percentage of an agent’s total rates
1.011.25 1.30
1.70 2.03
Industry σ: 1.41
DTCC Public (White)
0.13%
0.07%
0.03%0.02%
0.00%
0.14%0.12%0.10%0.08%0.06%0.04%0.02%0.00%
Bank of New
York M
ellon
USBank
Wells
Fargo Citibank
Deutsche
All Late RatesCMO/ABS Payable on the 15th and the 25th
After 3:00 p.m. EST on payable date and subsequent days As a percentage of an agent’s total Rates
4.50
4.68 4.92 5.07
6.0
Industry σ: 4.75
4 . 5 0 4 . 6 8 4 .92 5 . 0 7 6 . 0 0
2 3 12 10 1 0
5 0 . 0 0 % 2 6 . 0 9 % 2 1 . 7 4 % 2 . 1 7 % 0 . 0 0 %
-0 .25 -0 .08 0.16 0 . 3 2 1.25
S i g m a Le ve l
N u m b e r of La t e Ra t e
A s a P e r c e n t a g e of Tota l La t e Ra t e s F r o m Al l A g e n t s
Devia t ion F r o m t h e In d u s t ry S i g m a
DTCC Public (White)
8.50%12.24%
6.79%
0.00%
21.32%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
Deutsche
Wells
Fargo
US
Bank
Citibank
Bank of
New
York
Mellon
All Late Rates
DTCC Confidential (Yellow)
CMO/ABS Excluding Payable on the 15th and the 25th
After 3:00 p.m. EST on payable date and subsequent days As a percentage of an agent’s total Rates
2 . 3 0 2 . 6 6 2 . 8 7 2 . 9 9 6 . 0 0
1 1 3 1 9 1 2 1 1 5 0
3 3 . 2 4 % 5 6 . 1 8 % 6 . 1 8 % 4 . 4 1 % 0 . 0 0 %
- 0 . 3 3 0 . 0 4 0 . 2 5 0 . 3 7 3 . 3 8
S i g m a L e v e l
N u m b e r o f L a t e R a t e
A s a P e r c e n t a g e o f T o t a l L a t e R a t e s F r o m A l l A g e n t s
D e v i a t i o n F r o m t h e I n d u s t r y S i g m a
2.30 2.66 2.872.32
2.65
Industry σ: 2.62
DTCC Public (White)
0.13%
0.06%
0.04%
0.14%0.12%0.10%0.08%0.06%0.04%0.02%0.00% C
itibank
USB
ank
Wells
Fargo
Bank ofN
ew
YorkM
ellon
Deutsche
All Amended RatesCMO/ABS
DTCC Confidential (Yellow)
As a percentage of an agent’s total rates
Sigma Level 4.52 4.73 4.87 4.94 4.94
Number of Amended Rates 7 10 12 5 3
As a Percentage of Total Amended Rates From All Agents 18.92% 27.03% 32.43% 13.51% 8.11%
Deviation From -0.29 -0.08 0.05 0.13 0.13
4.52
4.734.87
0.03%
4.940.03%
4.94
Industry σ:4.82 #NUM!
DTCC Public (White)
33.33%
20.00% 20.00%
0.00% 0.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00% WellsFargo
USBank
Bank ofNew
YorkMellon
Deutsche
Citibank
All Amended RatesCMO/ABS
DTCC Public (White)
30 days+ after payable dateAs a percentage of an agent’s total amended rates
Number of Amended Rates 30 Days + 4 2 1 0 0
As a Percentage of Total Amended Rates From All Agents 57.14% 28.57% 14.29% 0.00% 0.00%
Monthly Sigma Versus TargetsConforming Structured Securities - Payable 15/25
Open rates at COB on P/D-1
3.903.70
5.23
4.083.81
3.50
3.00
2.50
5.00
4.50
4.00
6.00
5.50
Bank of New
York Mellon
Citibank
Deutsche
US
Bank
Wells
Fargo
Septem berSigma Septem berIndustry Average3.92 Septem berSigma Target3 .78114276952695 Dec Sigma Target3 .8
DTCC Public (White)
Monthly Sigma Versus TargetsAll Structured Securities – Payable 15/25
Rates Received after 3:00pm on P/D
4.50
5.07
6.00
4.684.92
4.00
3.50
3.00
4.50
5.50
5.00
6.00
Bank of N
ew York
Mellon
Citibank
Deutsche
US
Bank
Wells
Fargo
September Sigm a Se pte mber In dustry Av erage .0 0 Se ptember Sigm a Target 4.7905 26731 49166 De c Sigm a Target 4 .799999 999999 55
DTCC Public (White)
Monthly Sigma Versus TargetsAll Structured Securities – Amended Rates
As a percentage of Total Rates
4.94
4.52
4.944.73 4.87
4.00
3.50
3.00
4.50
6.00
5.50
5.00
Bank of N
ew York
Mellon
Citibank
Deutsche
US
Bank
Wells
Fargo
September Sigma September Industry Av erage .0 0 Septe mber Sigm a Targe t 4.1921171530104 Dec SigmaTarget4.20066981625568
DTCC Public (White)