A new webcast will help paying agents, issuers and DTC customers understand and prepare for the changes in principal and income (P&I) payment methodology that will take effect February 7. Titled P&I Payment Refinement: A Move to Reduce Payment Risk, the webcast covers:
- Risks and concerns with the current P&I payment methodology;
- The new methodology and its impact on paying agents, issuers and participants;
- Actions each group will need to take to be compliant with the changes.
The webcast also discusses resources and information that help with P&I payment processing. It is available at www. dtcc.com, Customer Center, Customer Tools, Principal & Income Payments (P&I) Refinement