About a-team Marketing Services

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: 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

Rethinking Data Management in Financial Services: Virtualisation Over Static Storage

By Thomas McHugh, Co-Founder and Chief Executive, FINBOURNE Technology. In Financial Services (FS), data management has long been centred around traditional database storage. However, this approach is fundamentally misaligned with the nature of FS data, which is process-driven rather than static. The industry needs a shift in perspective – one that prioritises virtualisation over rigid...

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...