DTCC's depository subsidiary provides custody and asset servicing for over 3.5 million issues from the U.S. and more than 110 foreign countries and territories, valued at approximately $28 trillion.
In preparation for future development planning, we would like to announce the implementation timeline for the DTCC Corporate Actions Reengineering initiative.
As you are aware, this reengineering will, over time, upgrade and replace many of the 60 legacy systems that currently support corporate actions at DTCC.
DTCC/Markit Collaboration on Syndicated Loans Processing
The initiative aims to increase efficiency and help reduce risk in the syndicated loan market.
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