DTCC Pilot Introduces ISO 20022 For Distribution Events
The Depository Trust and Clearing Corporation (DTCC) has begun introducing ISO 20022 messages for the entire corporate actions event lifecycle for distribution events as part of the latest phase of its pilot program, and is enabling clients to submit election instructions for distribution events electronically using the standard.
ISO 20022 messages are being introduced for record date entitlements, payments and elections for distribution events such as cash dividends, stock dividends, interest
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