About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Automates Voluntary Corporate Actions Lifecycle

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) has made a further move to fully automate the corporate actions lifecycle with the processing of the US market’s first automated voluntary reorganisation ISO 20022 instruction. The process was carried out by DTCC subsidiary The Deposit Trust Company (DTC) using its newly automated voluntary reorganisation service, which is part of the company’s plan to help reduce the rising costs and risks associated with corporate actions.

The service was tested with Broadridge, which services more than 60 of DTCC’s corporate actions mutual clients, and provides the ability to manage and execute corporate action instructions around time-sensitive events in a more streamlined and efficient manner. DTCC processes over 600,000 reorganisation instructions each year.

Describing the automated voluntary reorganisation service as a ‘a major milestone’, Ann Marie Bria, executive director of asset services business management at DTCC, says: “Having end-to-end automation throughout the corporate actions lifecycle will allow the industry to use fixed data formats and a standardised set of rules, creating new efficiencies while reducing risks and costs.”

Broadridge gains the ability to automate the end-to-end corporate actions lifecycle for users of its cloud-hosted corporate actions solution by incorporating automated and integrated election instructions to DTC in ISO 20022 format. Michael Wood, head of asset servicing at the company, comments: “This service will increase STP rates on voluntary corporate actions, reduce risk associated with manual errors, and provide scalability and cost savings for the industry.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Data Fabric vs. Data Mesh: 10 Companies Provisioning Modern Data Architectures for Enterprise AI

As institutions absorb ever greater volumes of data to meet their increasingly complex operational needs and those of regulators, they face a dilemma of how to store and distribute that critical information. Fragmented legacy systems have long been an impediment to the smooth management of data and now corralling multiple-cloud configurations can be added to...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...