The Depository Trust & Clearing Corp. (DTCC) has moved into the third phase of its corporate actions messaging overhaul with a new corporate actions pilot program intended to test ISO 20022 messages that incorporate all stages of distribution events from entitlements and payments to instructions.During the first two phases of the overhaul, DTCC officials upgraded… Read More >>
BNY Mellon Embraces a Corporate Actions Standard
Custody bank BNY Mellon has taken a major step forward in the complex process of moving toward a new corporate actions infrastructure by going live with a standard-based messaging solution from the Depository Trust and Clearing Corp. (DTCC). BNY Mellon went live with the new standards-based offering on July 30, marking the start of… Read More >>
Q&A: Will Corporate Actions Ever Embrace XBRL?
(Editor’s note: EDGAR Online has been doing everything it can to spread the word about XBRL-based filing of corporate actions, says Gregory A. Carter, the chief technology officer (CTO) for EDGAR Online. For instance, corporates could produce information in XBRL from “common tools like documents, spreadsheets and HTML,” Carter says.Another way is via cloud computing,… Read More >>
A Gathering Storm at Tax Time
The current tax season is the first time that cost basis reporting (CBR) has become a new reality for trading firms and investors. The issue will hit home as 1099 tax forms arrive and investors start to drill down on the details. While firms may want to duck disgruntled investors, they cannot ignore a gathering… Read More >>
FTF’s Top Trends for Operations in 2012, Part 2
The volatile markets in 2011 do not foster the best conditions for innovation in middle and back office operations. However, necessity is the mother of invention and we have uncovered several areas of IT and business innovation, which form the basis for our second set of predictions for the New Year. One intriguing innovation in… Read More >>
