Access the latest news, analysis and trends impacting your business.
Explore our insights by topic:
Additional Broadridge resource:
View our Contact Us page for additional information.
One of our sales representatives will contact you about your submission.
Welcome back, {firstName lastName}.
Not {firstName}? Clear the form.
Want to speak with a sales representative?
Your sales rep submission has been received. One of our sales representatives will contact you soon.
Our representatives and specialists are ready with the solutions you need to advance your business.
Want to speak with a sales representative?
Table Heading | |
---|---|
+1 800 353 0103 | North America |
+442075513000 | EMEA |
+65 6438 1144 | APAC |
Your sales rep submission has been received. One of our sales representatives will contact you soon.
Want to speak with a sales representative?
Table Heading | |
---|---|
+1 800 353 0103 | North America |
+442075513000 | EMEA |
+65 6438 1144 | APAC |
Nos représentants et nos spécialistes sont prêts à vous apporter les solutions dont vous avez besoin pour faire progresser votre entreprise.
Vous voulez parler à un représentant commercial?
Table Heading | |
---|---|
+1 800 353 0103 | Amérique du Nord |
+1 905 470 2000 | Canada Markham |
+1 416 350 0999 | Canada Toronto |
Votre soumission a été reçue. Nous communiquerons avec vous sous peu.
Vous souhaitez parler à un commercial ?
Table Heading | |
---|---|
+1 800 353 0103 | Amérique du Nord |
+1 905 470 2000 | Canada Markham |
+1 416 350 0999 | Canada Toronto |
NEW YORK, N.Y. – January 19, 2022 – Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced it is the first fintech provider to connect to The Depository Trust & Clearing Corporation’s (DTCC’s) new automated process for submitting instructions for voluntary corporate actions in ISO 20022 format. The newly enhanced Reorganizations service, offered by DTCC’s subsidiary, The Depository Trust Company (DTC), automates the manual process of submitting corporate action instruction, thereby reducing risk associated with human error and providing significant cost savings for clients.
“This new offering for Broadridge’s Global Asset Servicing Solutions clients is another industry first, enabling participants to increase straight-through-processing rates for voluntary corporate action instructions from financial advisors to agents,” said Michael Wood, Head of Asset Servicing, Broadridge. “Broadridge looks forward to collaborating further with DTCC and to expanding our product offerings for clients.”
The program will provide common members of both DTCC and Broadridge’s Global Asset Servicing Solution the ability to manage and execute corporate action instructions around time-sensitive events in a more streamlined and efficient manner, increasing straight-through-processing rates and minimizing the risks associated with manual instructions. Broadridge currently services more than 60 DTCC corporate actions clients. The Broadridge solution will provide full “end-to-end” integration with ISO 20022 messages for corporate actions lifecycle entitlements. ISO 20022 is an industry standard message type designed to simplify global business communication.
After a robust testing period is completed, Broadridge anticipates going live with DTCC’s automated program in early 2022. Broadridge will continue to help facilitate testing with DTCC to support mutual clients’ needs and identify process enhancements and the best path to implementation.
In addition, in a separate effort, Broadridge is also working with DTCC to evaluate ways to achieve data standardization for equity corporate actions events. This initiative to improve the announcements process is a critical component necessary for success in the ongoing industry effort of achieving a "golden copy" record sourced from issuers, which can be disseminated to all market participants.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com.
To contact media relations, please email us at mediarelations@broadridge.com.