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DTCC continues to make great strides in its Corporate Action Transformation initiative, expanding Corporate Action Web’s (CA Web) functionality to support lifecycle processing for Distribution events.  Distributions cover a variety of events, including cash dividends, principal and interest payments, stock splits and spinoffs.

CA Web’s Announcements functionality was initially rolled out to a pilot group of clients testing ISO 20022 corporate action messages. Earlier this spring, DTCC granted all of its client firms access to Announcements.  Starting June 2014, CA Web will expand to include Lifecycle Functionality which encompasses Instructions, Entitlements, Allocations and Adjustments. This expansion is an important step forward in the move to migrate all clients to CA Web by the end of October, when certain functions on the Participant Terminal System (PTS) and Participant Browser Service (PBS) platforms will be retired.  

CA Web is a web-based user-interface that will replace many of the legacy platforms that have evolved over the years. Feedback from clients on its features has been positive, with many noting they were impressed with the intuitive navigation, the single-event data model replacing function codes and features such as dashboards and alerts for late breaking and expiring events.


Parallel Testing Period to Begin in June

To ease the transition for clients, CA Web and PTS/PBS will be available in parallel beginning the week of June 23.  The DTCC Learning Center is also offering self-paced training and twice-weekly CA Web Q&A sessions. The Learning Center can be accessed at


“We encourage clients to take action now to access the wealth of training resources we have available,” said Dan Thieke, DTCC Managing Director, Settlement and Asset Services.  “Taking time to learn the CA Web while it runs in parallel with PTS/PBS will help make the transition as seamless as possible when the current functionalities are disabled.”


Retiring PTS and PBS

Once PTS functions and their PBS equivalents (see list) are retired in late October, all users will be required to be migrated to CA Web for functions supporting Distribution events.

The Corporate Actions Transformation initiative introduces a major shift in the way DTC communicates corporate actions information to its clients. The initiative will help clients improve their straight-through-processing rates via real-time ISO 20022 messaging and it will also provide them with tools to manage their risk exposure more effectively. It also enables DTC to drive market practice and standardization for corporate actions processing.


For a video about upcoming deadlines related to DTCC’s Corporate Actions Transformation initiative, click here:

For information about important client action steps and a timeline, click here:  Corporate Actions Transformation Factsheet.

If you have any questions please contact your Relationship Manager or email: