The Depository Trust & Clearing Corporation subsidiary, The Depository Trust Company (DTC), has successfully processed the US market’s first-ever, fully-automated voluntary reorganisation ISO 20022 instruction as part of its newly automated Voluntary Reorganisation service.

With the launch of this new automation, DTCC moves towards completion of its journey to fully automate the corporate actions lifecycle from end-to-end, helping clients reduce the rising costs and risks associated with the corporate action process.
 
In recent years, the corporate events process has become increasingly complicated due to the rise in popularity of financial instruments including securitised derivatives and structured equities – both of which are typically backed by other securities or triggered by market conditions.