Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Management Strategies

09:20 AM
Connect Directly
RSS
E-Mail
50%
50%

SIBOS NEWS: DTCC, SWIFT, XBRL US Form Stakeholder Group

The Depository Trust & Clearing Corporation (DTCC), SWIFT and XBRL US have created a Stakeholder Group as a part of the Issuer to Investor: Corporate Actions initiative. The corporate actions project was launched in May to improve the processing of corporate actions data in the U.S. The U.S. Issuer to Investor Stakeholder Group is composed of key players from the industry and will represent the needs of the corporate actions reporting and processing supply chain.

The group will be divided into three subgroups: Issuers, Intermediaries and Investors. It will provide input, make recommendations and help articulate the pros and cons for electronically capturing data directly from issuers and their agents in a standardized format at the point at which a corporate action is announced, the organizations said in a release. Each group will be tasked with providing input to the current process as well as determining what changes would be required if issuers produced corporate actions messages in XBRL format aligned with ISO 20022.

The Issuers are represented by AGL Resources, Duke Energy, ENGlobal, Pfizer and United Technologies, and by issuer agents including Merrill Corporation, NYSE Euronext and PR Newswire, among others. The National Investor Relations Institute (NIRI) has also joined the group to observe and to provide an investor relations perspective.

Investors are currently represented by AllianceBernstein, Goldman Sachs Asset Management, State Street Global Advisors, T. Rowe Price and Vanguard.

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.