We are delivering the highest levels of performance with real-time
corporate action event processing and message standardisation to improve efficiencies throughout the post-trade cycle.
5 million records of
corporate actions for over 300,000 securities from over 100,000 companies around the world.
Alan Jones, Senior Product Management, SmartStream, states, "The SWIFT certification further reconfirms our commitment to the industry and to making sure we remain thorough when it comes to
corporate actions processing.
This means that any later
corporate actions that are defective by reason of the first defective
corporate action are also cured.
In May 2012, XBRL US published the second release of the
Corporate Actions Taxonomy (CAT), a digital XBRL dictionary that defines more than 50
corporate action messages designed to facilitate
corporate action reporting.
While the complexity of the data and the large number of communication points have long been the biggest
corporate actions pain points, the emergence of data standards has made improvements in automation possible.
The pilot for distribution events, launched in September 2012, is part of DTCC's multi-year
corporate actions reengineering initiative that will replace DTCC's proprietary files with ISO 20022 messages.
Northern Trust and SCORPEO today announce that they have entered into an agreement to use SCORPEOs services to provide an innovative historical
corporate actions reporting service, designed to help investors realize the full value in
corporate actions.
Global Banking News-August 18, 2016--Northern Trust launches innovative historical
corporate actions reporting solution
Cost basis reporting by brokers on Form 1099-B that began last year and the required basis adjustments for
corporate actions reported on new IRS Form 8937 has made the proper reporting of
corporate actions even more important this tax season," said Richard Ryndak, senior product manager for Capital Changes at Wolters Kluwer Financial Services.
NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) today announced it has launched a new
corporate actions pilot program testing ISO 20022 messages that covers the entire lifecycle for distribution events, beginning with entitlements and payments and later moving on to instructions.
It can also be used to reconcile custodian / broker notifications and process the entire event lifecycle while increasing efficiency and mitigating the risk associated with missing a
corporate action event.
