About a-team Marketing Services

A-Team Insight Blogs

DTCC Pilot Aims to Further Automate Corporate Actions

Subscribe to our newsletter

DTCC is running a pilot scheme to further automate the corporate actions process. The pilot includes two phases and aims to streamline interactions across the agent and issuer community by standardising and automating the sourcing of corporate actions announcements. This should eliminate manual processes, provide cost savings, reduce processing lead time and mitigate risks.

The company is working with S&P Global Market Intelligence and other large firms in the financial services industry on the pilot.

“As the global financial industry becomes increasingly more complex, we see opportunity for increased automation and modernisation within the corporate actions space,” says Ann Marie Bria, DTCC managing director, general manager for asset services. “This pilot is a direct response to client and industry feedback to bring long-needed automation and standardisation to the critical event notification process, increasing efficiency and accuracy.”

Phase 1 of the pilot, which was completed in December 2023, tested new inbound automated messaging for issuers and agents. As part of this successful test, DTCC provided messaging capabilities modelled on the ISO 20022 standard that enabled an agent to submit an automated announcement to DTCC. DTCC was then able to automate the processing of that announcement through its system and generate an ISO 20022 corporate actions announcement to its client in a test environment.

DTCC plans to launch Phase 2 of the pilot with a scheduled test release in Q3 2024. In this phase, firms will test a modernised corporate actions GUI portal. The portal will provide an easy-to-use interface for redemption event types that agents and issuers can use to transmit accurate and complete announcement event information.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

EU’s AI Act Seen Strengthening Data Foundations but not Without Challenges

The European Union’s Artificial Intelligence Act, which went into force this month, has presented financial institutions with huge opportunities but also some grave challenges, each of which can only be managed with a strong data foundation. Industry professionals have said that the Act’s provisions, though extensive, can bring clarity to a muddled regulatory view of...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

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...