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IHS Markit Connects to DTC to Advance Corporate Actions Processing
04 October 2021
IHS Markit to establish direct delivery of corporate actions
ISO 20022 formatted messages for full lifecycle electronic
processing
IHS Markit today announced that it will connect its Corporate
Actions SaaS solution with The Depository Trust Company's
("DTC") products and services, enabling DTC participant users to
benefit from a simplified workflow for the corporate actions
lifecycle management process. Developed leveraging DTC's current
ISO 20022 messaging platform for voluntary reorganization
instructions automation, including entitlements and allocations
processing and the latest ISO 20022 standards, the offering is
expected to begin rollout in Q4 2021.
The connection offers DTC participant user's greater levels of
straight through processing for corporate actions. Users can
benefit from seamless connectivity using existing DTC SMART
technology, for a quick-to-implement and cost-effective corporate
actions messaging flow and a reduction in the risk and efforts
associated with the manual entry of elections into DTC portals.
Users will be able to completely automate the corporate actions
workflow from announcement capture to instruction processing to
final allocation using latest ISO 20022 messaging standards.
Bidhu Rusia, Director of Product Management for Corporate
Actions at IHS Markit said, "This connectivity with a leading
post-trade infrastructure provider like DTC is a natural next step
in our quest towards providing the industry innovative technology
solutions that help participants enhance efficiency and reduce risk
in their corporate actions processing workflow. Enabling straight
through processing automation for DTC participant users, prospects
and the wider industry is a priority for us and, we are excited to
be a part of this project."
IHS Markit provides
industry-leading data,
software and technology platforms and
managed services to tackle some of the most difficult
challenges in financial markets. We help our customers better
understand complicated markets, reduce risk, operate more
efficiently and comply with financial regulation.
