Agent Announcement Portal

Through the Agent Announcement Portal (AAP) DTC is driving industry modernization by standardizing the Corporate Action announcement process.

• Overview

  Through the Agent Announcement Portal (AAP), DTC is driving industry modernization by standardizing the Corporate Action announcement process. The 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. This will eliminate the previous email process with direct sourcing through the AAP with human to machine processing allowing end investors to receive transparent and standardized data in a timelier fashion.

• How the AAP Works

  The Agent Announcement Portal will enable issuers, agents and third-party stakeholders to enter Corporate Actions event information for announcements via the portal. For redemption events, the AAP will allow announcement event uploads for Full Calls, Partial Calls, Final Paydown, Full Pre-Refunding Defaults, Partial Pre-Refunding, and Partial Defeasance submissions.

  The pilot program for the Agent Announcement Portal includes two phases:

  

• Who Can Use the AAP

  Once live, all issuers, agents, and third-party stakeholders can use this service. Note, the Proof of Concept is limited to Redemption Agents.

  To obtain access to the Agent Announcement 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 DTC's Agent Announcement Portal, 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.