DTCC launches Rapid Issuance
01 April 2026 US, UK, Singapore, Hong Kong and Australia
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The Depository Trust & Clearing Corporation (DTCC) has launched Rapid Issuance, a service that allows issuers to bring structured notes to the market in a more timely and efficient manner.
The service is offered by The Depository Trust Company (DTC), a subsidiary of DTCC.
Rapid Issuance, available within DTC’s Underwriting Central platform, automates the end-to-end issuance creation process, which the firm says advances operational efficiency and propels data quality.
The service aims to support the bulk eligibility of equity-linked structured notes, shortening processing time, reducing operational complexity and enabling higher volumes as the asset class continues to grow.
With the new process, issuers can complete closings within an hour of security submission, expediting time to market.
By combining operational efficiency with an expanded data model, DTCC says that the platform ensures the data accuracy of corporate actions announcements, accelerating payment distributions, and tax reporting for dividends and principal and interest events.
Patrick Barthel, executive director, DTCC Asset Services, says: “We’re excited to see several of our clients are taking advantage of the efficiency and increased automation available within Rapid Issuance.
“We look forward to working with additional firms and in providing them with faster, streamlined access to capital markets while significantly reducing operational risk.”
Karen Montbach, executive platform owner – Conventional Trust, BNY, adds: “As issuance models continue to grow in scale and complexity, market infrastructure must evolve alongside them.
“DTCC’s Rapid Issuance service delivers operational efficiencies by streamlining eligibility processes and enhancing data quality.
“BNY is pleased to provide clients launching debt programmes with full paying agent support through this service, helping them access debt capital markets with greater speed and efficiency.”
Brian Miller, director of global banking new issues at UBS, comments: “Rapid Issuance represents an important step forward in modernizing how structured notes are brought to market.
“The ability to establish securities’ DTC eligibility in advance of issuance and execute bulk issuances on settlement day provides greater flexibility, efficiency, and operational certainty. Continued innovation through DTCC’s Underwriting Central supports the evolving needs of issuers and dealers operating in increasingly dynamic markets.”
The service is offered by The Depository Trust Company (DTC), a subsidiary of DTCC.
Rapid Issuance, available within DTC’s Underwriting Central platform, automates the end-to-end issuance creation process, which the firm says advances operational efficiency and propels data quality.
The service aims to support the bulk eligibility of equity-linked structured notes, shortening processing time, reducing operational complexity and enabling higher volumes as the asset class continues to grow.
With the new process, issuers can complete closings within an hour of security submission, expediting time to market.
By combining operational efficiency with an expanded data model, DTCC says that the platform ensures the data accuracy of corporate actions announcements, accelerating payment distributions, and tax reporting for dividends and principal and interest events.
Patrick Barthel, executive director, DTCC Asset Services, says: “We’re excited to see several of our clients are taking advantage of the efficiency and increased automation available within Rapid Issuance.
“We look forward to working with additional firms and in providing them with faster, streamlined access to capital markets while significantly reducing operational risk.”
Karen Montbach, executive platform owner – Conventional Trust, BNY, adds: “As issuance models continue to grow in scale and complexity, market infrastructure must evolve alongside them.
“DTCC’s Rapid Issuance service delivers operational efficiencies by streamlining eligibility processes and enhancing data quality.
“BNY is pleased to provide clients launching debt programmes with full paying agent support through this service, helping them access debt capital markets with greater speed and efficiency.”
Brian Miller, director of global banking new issues at UBS, comments: “Rapid Issuance represents an important step forward in modernizing how structured notes are brought to market.
“The ability to establish securities’ DTC eligibility in advance of issuance and execute bulk issuances on settlement day provides greater flexibility, efficiency, and operational certainty. Continued innovation through DTCC’s Underwriting Central supports the evolving needs of issuers and dealers operating in increasingly dynamic markets.”
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