Swift, DTCC Developing ISO 20022 for Corporate Actions in Multi-Year Plan

Malene Mcmahon
Malene McMahon, senior business manager, Swift

Swift and the Depository Trust & Clearing Corporation (DTCC) are looking forward to the phases of migration of corporate actions messages to the ISO 20022 standard, which is expected to conclude in 2015 with the complete phase-out of DTCC proprietary formats, according to Malene McMahon, senior business manager at Swift.

Currently, four firms are about halfway through a pilot of the ISO 20022 messaging for corporate actions announcements: Brown Brothers Harriman, J.P. Morgan, BNY Mellon and Nati

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