Allan D. Grody Statement regarding DTCC, July 2, 2010

July 2, 2010

"This is an exciting step for the realization of a truly universal identification system for the products and trade counterparties and other supply chain participants of the global financial services industry.

"While DTCC is truly a dominant and highly valued infrastructure utility in the US market, it is one of hundreds of such facilities globally. Its willingness to collaborate with other infrastructure utilities must be mutual and its ambitions to be a global player must be judged by actions it takes in pursuing its commercial interests and in navigating the potential competitive situations that arise versus the largest of its global participants.

"The provisioning of universal identifiers should be a public good, separate and apart from inventory management, trade warehouses and clearing and settlement. We anticipate fruitful discussions with DTCC on behalf of our expanding working group around establishing the Central Counterparty for Data Management."

--Allan D. Grody, President, FInancial InterGroup

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