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 and Broadridge Team Up to Automate Voluntary Corporate Action Instructions

Subscribe to our newsletter

DTCC subsidiary The Depository Trust Company (DTC) has enhanced its Reorganizations service to offer an automated process for submitting instructions for voluntary corporate actions in ISO 20022 format. The service is designed to replace manual submission processes and is expected to reduce risk associated with human error and provide cost savings for clients.

Broadridge Financial Solutions is the first fintech provider to connect to the service, which will allow members of both DTCC and Broadridge Global Asset Servicing Solutions to manage and execute corporate action instructions around time-sensitive events in a more streamlined and efficient way, increasing straight-through-processing rates and minimising the risks of manual instructions.

Broadridge services more than 60 DTCC corporate actions clients and will provide end-to-end integration with ISO 20022 messages for corporate actions lifecycle entitlements.

After a testing period is completed, Broadridge expects to go live with DTCC’s automated solution early this year. The company will continue to help DTCC with testing to support mutual clients’ needs, and identify process enhancements and the best path to implementation.

“This new offering for Broadridge’s Global Asset Servicing Solutions increases straight-through-processing rates for voluntary corporate action instructions from financial advisors to agents,” says Michael Wood, head of asset servicing at Broadridge.

In a separate joint effort, Broadridge and DTCC are evaluating ways to achieve data standardisation for equity corporate actions events. The aim is to achieve a golden copy record of corporate actions announcements sourced from issuers, which can be disseminated to all market participants.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Streamlining trading and investment processes with data standards and identifiers

Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration. Due to this increased complexity of institutions’ data needs, however, information often arrives into...

BLOG

Critical but Challenging – Managing Unstructured Data: A-Team Webinar Preview

Unstructured data accounts for an estimated 80 per cent of companies’ data estate and the volume of that information is forecast to grow by a third each year. Consequently, management of the class of data that is being culled from sources as diverse as financial reports and social media posts has become a pressing challenge....

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...