Modern Slavery Act
Transparency Statement

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PURPOSE AND BACKGROUNDThis statement is made on behalf of DTCC Derivatives Repository PLC (“DDRL”),
DTCC Europe Limited (“DEL”), and The Depository Trust & Clearing Corporation(“DTCC”), (together, the “Company”), pursuant to section 54 of the Modern Slavery Act
2015 (“Act”) in respect of the steps taken to combat modern slavery and humantrafficking occurring within supply chains in relation to the financial year ended 31
December 2023.

INTRODUCTION
The Company recognize its obligations to combat slavery and human trafficking andremains strongly committed to preventing such human rights abuses from occurringinternally and within its supply chains. The Company recognize the seriousness of suchcrimes and it is committed to take appropriate steps and enforce such measures thatwill aid the prevention, identification and reporting of such abuses.

THE COMPANY’S CORE BUSINESS SERVICES AND ORGANISATIONAL STRUCTURE
Through its subsidiaries, DTCC (a U.S. holding company) provides a post-trade market
infrastructure for the financial services industry, advancing the automation,centralization, standardization and streamlining of processes critical to the market’s
safety and soundness. Through DTCC’s trade repository and swap data repositorysubsidiaries, DTCC also serves as an industry provider of choice for global over-thecounter (OTC) derivatives reporting to the global derivatives market. Through its
subsidiaries, DTCC operates in 16 countries, including the U.K., and has in excess of
5,000 employees worldwide. DDRL is a registered trade repository incorporated inEngland and Wales, providing a suite of post-trade recordkeeping and trade reporting
services for listed and OTC equity, credit, and interest rate derivatives to the global
derivatives market. DDRL operates principally from the United Kingdom. DTCC Europe
Limited (an affiliate of DDRL) is a company organized under the laws of England andWales, whose principal activity is to act as a service company to affiliated subsidiariesof DTCC.

THE COMPANY’S SUPPLY CHAIN
The Company’s supply chain is structured to support the provision of the foregoing
services and largely consists of the following infrastructures and services required todo so:

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Modern Slavery Act Transparency Statement – FYE 2023

•Office SpaceThis includes the offices leased by the Company or any affiliates which itsemployees, or affiliate employees that provide any services to the Company,
occupy from time to time. It also includes the services procured to maintain thedaily operation of such spaces including cleaning and security.

•Professional Services
This includes any professional advisory services the Company sources in relation
to matters such as accounting, applicable rules and regulations and tax.

•TechnologyThis includes the ecosystem of software, systems and hardware that comprises theCompany’s technology infrastructures.

POLICIES AND TRAINING ON MODERN SLAVERY AND HUMAN TRAFFICKINGThe Company requires adherence to the standards set forth through several policies
and procedures that are pertinent to mitigating the risk of slavery and human trafficking
that may occur within the Company’s business or in any part of its supply chains. In
particular, the Company has implemented the following policies, which are the policies
of DTCC as the ultimate parent and which apply to all subsidiaries:•Code of Conduct
The Company’s Code of Conduct for Employees, as well as its Code of Conduct forContingent Workers, underscores the Company’s continued commitment to integrity
and the highest ethical standards in all business engagements undertaken by andwith its employees and contingent workers. The Codes of Conduct and its
associated training modules promote awareness of the dangers of modern slavery
as well as the need for the Company to comply with the requirements of the Act. The
Codes of Conduct directs employees and contingent workers to report any instancesof suspected noncompliance with the Act and instruct as to the mechanism for suchreporting.

•Reporting Mechanisms of Compliance Concerns
The Company maintains policies which require staff to report any complianceconcerns or compliance queries through applicable internal and external reportingmechanisms. The mechanisms include hotlines for anonymous reporting of any
compliance concerns.
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Modern Slavery Act Transparency Statement – FYE 2023

•Equal Employment, Non-Discrimination, and Anti-Harassment Policy
The Company’s policy on Equal Employment, Non-Discrimination and AntiHarassment underscores its commitment to providing a work environment that
promotes equal employment opportunities, prohibits discriminatory practices
including harassment, and ensures all individuals are treated with respect anddignity.

•Purchasing Policy
The Company has a formal purchasing policy and program that requires vendors tocomply with all applicable laws relating to the services they perform, and to procure
and maintain such licenses, permits and insurances required to perform the services
concerned.

•Standard Contractual Obligations
The Company imposes standard contractual obligations on its vendors requiring
compliance with all applicable laws; submission to vendor risk assessments by theCompany; and compliance with the Company’s health, security and safety
requirements, equal employment opportunity, non- discrimination, and antiharassment policies and procedures.

•Remuneration of Interns, Apprentices, and Employees
The Company does not use unpaid interns or apprentices and all employees, regularor contract, are remunerated.

DUE DILIGENCE
In addition to ensuring a culture based on a foundation of the highest ethical standards,
the Company also works to ensure its supply chain remains equally as committed toensuring a respect of human rights across the globe. To that end, the Company
maintains a formalized process for the on-boarding of those in its supply chain, which
process includes a commitment to abide by certain ethical and legal standards. Onceon-boarded, the Company continues to engage in routine negative news and illegal
activity reviews of all vendors across all jurisdictions. During 2023, the Company
performed vendor negative news reviews which resulted in no relevant adverse findings
related to human trafficking and modern slavery.

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ASSESSING RISK AND MEASURING EFFECTIVENESS
While the Company does not consider itself to be operating in high-risk sectors formodern slavery, it recognizes that modern slavery and human trafficking issues arecomplex and continuously evolving. To that end, the Company chooses to remain
vigilant in its efforts to monitor both its internal operations and those of its supply chain
when it is believed there exist behaviors that do not meet the high ethical standards thatare key to the Company’s culture. To date, no instances of human trafficking or modernslavery have been reported or identified. The Company remains committed toperiodically reassessing its practices as they relate to human rights and determining theeffectiveness of the existing policy framework and the need for additional action tosupport its efforts.

PREPARATION OF THIS STATEMENT
This statement was jointly produced by members of the Company’s Legal andCompliance departments with input from human resources, corporate procurement
services, and other operational areas of the Company. The statement was subsequently
reviewed and approved by the DTCC Board of Directors on February 14, 2024, sharedwith the Directors of DEL on January 30, 2024, and shared with the Directors of DDRL
on January 24, 2024. As part of the review and approval by the DTCC Board ofDirectors, this document was signed on behalf of The Depository Trust & Clearing
Corporation by Francis J. La Salla, Chief Executive Officer and Director of DTCC,
the ultimate parent company.

____________________________
Francis J. La Salla

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