CA 20022 Service

DTCC’s CA 20022 Service utilizes Corporate Action Identifier and the ISO 20022 common messaging language to deliver near-real-time messaging on corporate action announcements for 1.3 million active security issues.

• About

  The DTCC CA 20022 Service vastly improves operational efficiency and reduces errors in processing critical events by using Corporate Action ID and ISO 20022 common messaging to deliver near-real-time messaging on U.S. corporate actions, including for American Depositary Receipts. Corporate Action ID, a DTCC innovation, assigns a unique identifier to each event. DTCC, one of the world’s first companies to adopt ISO 20022 messaging for corporate actions, has worked with its clients and the industry as a whole to create a mature and efficient flow of information.

  The DTCC CA 20022 Service provides notifications for:

  • Distributions – including cash and stock dividends, principal and interest payments, and capital gain distributions
  • Factors – including principal payments and factor details
  • Redemptions – including full and partial calls, final paydowns, and maturities
  • Reorganizations – including exchange offers, conversions, and Dutch Auctions

• Benefits

  Features	Benefits
  Annual Maintenance Process	Easily address changing business needs that require modification to message standards.
  CA Identifier	Increase operational efficiency by automatically tracking the lifecycle of an event with improved traceability.
  Consolidated Source	Save time by receiving comprehensive and consolidated data without having to go to multiple sources such as custodians and issuers.
  Dynamic Model	Ensure a systematic approach to compliance with market practices when business needs change.
  Schema Validation	Increase data reliability through verification of populated values.
  Reverse Engineered	Employ compatibility with ISO 15022.
  Decipherable XML code	Easily view and understand ISO 20022 messages with the straightforward interface.
  Data mapping and research	Align ISO 20022 XML code with your event view in the CA Web browser.
  Extended Data Elements	Achieve greater accuracy and reduce processing risk by having more comprehensive and granular data elements.
  ISO 20022 Standard	Improve integration and interoperability with other data providers (e.g., custodians and vendors).

• Offering

  • DTC-eligible corporate action announcement XML data in ISO20022 Standard

• Coverage

  Distribution	Reorganization	Redemption	Factors
  Cash Dividends	Tenfer Offers	Partial Call	Principal Distributions
  Principal and Interest	Mergers/Splits	Full Call	Factor Adjustment
  Stock Distributions	Maturities for Stock	Maturities (cash)
  Optional Dividends	Name Changes	Terminations
  	Warrants	Final Paydowns
  	PUTS (put option bonds)	Full Call Convertibles
  	Meetings

• How it Works

  • DTC receives corporate action announcement data from issuers and agents.
  • DTC assigns a unique identifier to each announcement.
  • DTC disseminates announcement data to users in near-real time.
  • Issuers’ designated agents work with DTC on an ongoing basis to update announcement data.
  • Updates are incorporated into the event information and a complete audit trail of changes is maintained.
  • DTC disseminates updated announcement data to users in near-real time or as needed.

  

• Delivery

  • Near-real time
  • Configurable Up to 16 time slices throughout the day
  • End-of-day 8:00PM ET
  • Protocol: MQ