IHS Markit to establish direct delivery of corporate actions ISO 20022 formatted messages for full lifecycle electronic processing

IHS Markit today announced that it will connect its Corporate Actions SaaS solution with The Depository Trust Company's ("DTC") products and services, enabling DTC participant users to benefit from a simplified workflow for the corporate actions lifecycle management process. Developed leveraging DTC's current ISO 20022 messaging platform for voluntary reorganization instructions automation, including entitlements and allocations processing and the latest ISO 20022 standards, the offering is expected to begin rollout in Q4 2021.

The connection offers DTC participant user's greater levels of straight through processing for corporate actions. Users can benefit from seamless connectivity using existing DTC SMART technology, for a quick-to-implement and cost-effective corporate actions messaging flow and a reduction in the risk and efforts associated with the manual entry of elections into DTC portals. Users will be able to completely automate the corporate actions workflow from announcement capture to instruction processing to final allocation using latest ISO 20022 messaging standards.

Bidhu Rusia, Director of Product Management for Corporate Actions at IHS Markit said, "This connectivity with a leading post-trade infrastructure provider like DTC is a natural next step in our quest towards providing the industry innovative technology solutions that help participants enhance efficiency and reduce risk in their corporate actions processing workflow. Enabling straight through processing automation for DTC participant users, prospects and the wider industry is a priority for us and, we are excited to be a part of this project."

IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.