AnnounceDirect

Through AnnounceDirect, DTC is driving industry modernization by standardizing the corporate action announcement process.

• Overview

  Through AnnounceDirect, DTC is driving industry modernization by standardizing the corporate action announcement process. The AnnounceDirect portal will provide direct sourcing of announcement data with the use of human-to-machine processing, allowing end investors to receive transparent and standardized data in a timelier fashion.

• How AnnounceDirect Works

  The AnnounceDirect portal gives agents, issuers and third-party stakeholders the means to communicate corporate action event announcements through a standardized submission in near real time via a modern user interface. For redemption events, AnnounceDirect will allow event uploads for full calls, partial calls, final paydown, full pre-refunding defaults, partial pre-refunding, terminations, defaults, and partial defeasance submissions.

• Who Can Use AnnounceDirect

  Once live, all issuers, agents, and third-party stakeholders can use this service. Note, AnnounceDirect is limited to redemption agents.

  To obtain access to the AnnounceDirect Portal for testing, please contact your super access coordinator or [email protected].

• Benefits

  • Standardize and automate the sourcing of corporate action event announcements.
  • Eliminate manual processes, such as email, by providing automated solutions such as API, modern web application, and standardized messaging.
  • Reduce processing lead time, thus mitigating risks associated with time-sensitive events.
  • By direct sourcing through AnnounceDirect, stakeholders can receive transparent and standardized data in a timelier fashion.
  • Dynamic dashboard with graphical representations and search features available to help stakeholders pinpoint their announcement statuses.
  • Robust and intuitive audit trail will keep a user informed of changes to their event and provide details for historical purposes.
  • Extensive web application upload functionality to attach event documentation including offering materials, as well CSV/Excel uploads to submit multiple events simultaneously.
  • Designed with the third-party stakeholder community to capture feedback to better understand current and future state processes and to determine best practices; all of which have been considered in the new service.