Credit Suisse First Boston has become the sixth company to sign up for the Global Corporate Actions Validation Service from the Depository Trust and Clearing Corporation (DTCC). Joseph Porcello, director of asset servicing for CSFB in the U.S., says, “By signing on to GCA Validation, we’re looking to eliminate the time-consuming, manual process of reconciling corporate action announcements and streamline our operation globally.” Several other broker/dealers, banks and hedge funds are reportedly in negotiations with DTCC to start using the service, which provides a centralized source of cleansed corporate actions data, in coming months.
A-Team Insight Blogs
CSFB Latest Firm to Use DTCC’s Corporate Actions Service
Upcoming Webinar: A practical guide to dual UK and EU regulatory reporting as the Temporary Permission Regime comes to a close
Date: 19 July 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The Temporary Permission Regime (TPR) allowing capital markets participants in the European Economic Area (EEA) to continue to operate in the UK post Brexit will be withdrawn by the end of 2023, calling on firms that want to stay...
The Derivatives Service Bureau (DSB) has opened its annual consultation on OTC ISIN and CFI service provision for 2023. The consultation paper is published on the DSB website with responses open until 5 pm UTC, Monday 30 May 2022. A final report will be published on Thursday 30 June 2022. The consultation focuses on topics...
The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.
The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...