Automated Instruction Processing
Submit voluntary instructions through DTC and transmit them directly to agents, helping reduce manual effort and operational exposure.
Reorganizations
Streamline Reorganization Processing
Our Reorganizations service helps DTC Participants manage the full lifecycle of mandatory and voluntary corporate action events for eligible securities held at The Depository Trust Company (DTC). The service provides a centralized hub for sourcing and announcing event details, communicating key dates and terms, accepting and transmitting participant instructions, and collecting, allocating and reporting the resulting cash or securities entitlements.
By centralizing announcements, instructions and entitlement processing within DTC’s infrastructure, the service gives participants a more consistent view of event status and helps reduce reliance on separate issuer and agent communications. These capabilities help streamline time-sensitive workflows, reduce manual touchpoints and reconciliation, improve processing accuracy and transparency, and lower operational cost and risk across the reorganization lifecycle.
Key Features & Benefits
Book-Entry Entitlement Management
Surrender eligible securities and receive resulting entitlements electronically, without relying on physical Letters of Transmittal where applicable.
Faster Conversions and Warrant Exercises
Automate conversion and warrant processing while supporting prompt delivery of underlying securities.
Automated Mandatory Event Processing
Support mandatory reorganizations through automated submission of affected securities and the collection and allocation of resulting entitlements.
Expanded Processing Flexibility
Support specialized events such as rights subscriptions, early CD redemptions, Unit Investment Trust (UIT) rollovers, and payment-period elections through a centralized service.
User Documentation
Access key documents, guides, forms and reference materials that support your use of this product and help you navigate important service requirements.
Resources
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Announcements & Reports
Each month, DTCC measures sigma levels for a variety of transaction processes, including those for underwriting, redemptions, dividend and interest payments, and reorganization announcements.
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Asset Services Performance Metrics
Monitor the accuracy and timeliness of principal and interest (P&I) payment allocations through DTC's Performance Metrics reporting.
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DTCC Learning
DTCC Learning provides access to training materials, educational resources and documentation designed to help users understand DTCC products, services and operational processes.
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Reference Documentation
Explore important notices, regulatory rule filings, bylaws, risk management information and operational requirements from DTCC and its clearing agencies.