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: An Agile Approach to Investment Management Platforms for Private Markets and the Total Portfolio View

Data and operations professionals at private market institutions face significant data and analytical challenges managing private assets data. With investors clamouring for advice and analysis of private markets in their search for returns, investment managers are looking at ways to gain a more meaningful view of risk and performance across all asset types held by...

BLOG

Zema Global Chief Girds for Soaring Demand for Energy Data

Since its acquisition of Morningstar’s commodity information business late last year, energy industry intelligence provider Zema Global has become an important data feed for financial institutions that invest in the net-zero transition and to those trading in renewables, biofuels and fossil fuels. The transaction was a prescient one. While the Colorado, US-headquartered company has been...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

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...