DTCC to use new message protocol for corporate actions

09/20/2011 | Securities Technology Monitor

The Depository Trust & Clearing Corp., is preparing a new message protocol, which it calls ISO 20022, for notifying companies about corporate actions. "We have completed a pilot program to use the new ISO 20022 protocol for all types of corporate actions announcement messages," said Daniel Thieke, vice president of DTCC, which plans to start using ISO 20022 next month.

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