IHS Markit is connecting its corporate actions Software as a Solution (SaaS) with the Depository Trust Company's (DTC) products and services to enhance corporate actions lifecycle management processes for its clients. The offering is expected to launch in Q4 2021.
Developed leveraging DTC's current ISO 20022 messaging platform for voluntary reorganisation instructions automation, the connection includes entitlements and allocations processing.
The connection also offers DTC participant users efficient straight through processing for corporate actions with the latest ISO 20022 standards included.
Utilising DTC’s SMART technology, users will be able to automate the corporate actions workflow from announcement capture to instruction processing to final allocation using the latest ISO 20022 messaging standards, IHS Markit outlines.
Bidhu Rusia, director of product management for corporate actions at IHS Markit says: "This connectivity with a leading post-trade infrastructure provider like DTC is a natural next step in our quest towards providing the industry innovative technology solutions that help participants enhance efficiency and reduce risk in their corporate actions processing workflow.
He adds: “Enabling straight through processing automation for DTC participant users, prospects and the wider industry is a priority for us and we are excited to be a part of this project."
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