GCA VS, a service of DTCC Solutions LLC, provides the largest centralized source of “scrubbed” corporate action announcement information for an array of securities from more than 200 countries worldwide. The data is used by brokerage firms, banks, hedge funds and others in their front offices for trading and in their back offices to help ensure the accurate processing of corporate action events. GCA VS delivers high-quality corporate action information through a comprehensive cleansing process that comprises data mapping, data normalization, consolidation and verification. The service is designed to help customer firms manage the risks associated with processing corporate actions from around the world.
In 2010, GCA VS processed more than 972,000 corporate actions and more than 9.5 million scheduled payments on securities from around the globe. DTCC Solutions is a subsidiary of DTCC.