DTCC's Reengineering Project: New Technical Documents for Corporate Actions Initiative

 By Edward C. Kelleher

DTCC has issued the first draft of the technical specification documents for its corporate actions reengineering initiative. Customers and their service providers will need these documents to modify their own proprietary systems to ensure a smooth transition to the new data delivery system.

The corporate actions initiative, which will require a good deal of preparation on the part of customers, will be implemented in phases through 2009.

The new corporate actions technical documents focus on:

• Key structural changes to both announcements and processing
• New event structure and how it is maintained throughout the lifecycle of the corporate actions event.

Message categories covered in the documents include Announcements, Entitlements, Instructions, Instruction Status and Payments. @

[To review the documents and reference materials, along with a list of questions and answers, visit www.dtcc.com/leadership/issues/reengineering/corp_actions/specs-overview.php.]