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

Malene Mcmahon

Swift and the Depository Trust & Clearing Corporation (DTCC) are looking forward to the 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 New York-based Malene McMahon, senior business manager at Swift.

A pilot of ISO 20022 messaging for corporate actions announcements began in April and runs through November. By mid-2012, Swift and DTCC will add other corporate actions, s

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