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


Upcoming Webinar: The evolution of enterprise data management for ESG – managing non-standard and unstructured data

Date: 18 July 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The challenges of sourcing ESG data to meet investment and regulatory requirements are well rehearsed. Managing the data to accelerate sustainability performance is another step forward, with the need to evolve enterprise data management and integrate unstructured and non-standard...


Informatica Plans Second Half Release of CLAIRE GPT

Informatica, a provider of cloud data management solutions, is planning a second half 2023 release of CLAIRE GPT, a generative AI-powered data management platform that will become part of its Intelligent Data Management Cloud (IDMC). The company describes CLAIRE GPT, which is based on its enterprise-scale AI engine, as the next generation of the IDMC...


A-Team Briefing: Cloud Innovation for Data Ops

This Innovation Briefing will explore approaches to data infrastructure transformation, technologies required and how to make sure processes are optimised to support real time data management. Hear from leading practitioners and innovative technology solution providers who will share insight into how to set up and leverage your data infrastructure to provide user access to consistent data and analytics, and companies the ability to monetise their data.


ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...