DTCC today announced a pilot to further automate the corporate actions (CA) process, delivering new efficiencies and capabilities that address decades-long asset services challenges around the sourcing of corporate actions announcements.
The pilot, which includes two phases, aims to streamline interactions across the Agent and Issuer community by standardizing and automating the sourcing of corporate actions announcements, eliminating manual processes, providing cost savings, reducing processing lead time and mitigating risks.
Phase 1 of the pilot, which was completed in December 2023, tested new inbound automated messaging for Issuers and Agents. As part of this successful test, DTCC provided messaging capabilities modeled on the ISO 20022 standard that enabled an Agent to submit an automated announcement to DTCC.
DTCC was then able…
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