DTCC Readies Next Step of Corporate Actions Changes

Phase-Out Begins For Legacy Systems Without Graphic Interfaces

Dan Thieke, managing director and general manager of settlement and asset services, DTCC

Depository Trust & Clearing Corporation (DTCC) is nearing another step within a multi-stage process for retiring proprietary legacy corporate actions systems that have operated without graphic interfaces, and transitioning to its new Corporate Actions Web service, which began providing announcements to users in October, according to officials of the industry utility.

DTCC is currently in the third of five planned stages of its transition initiative, according to Dan Thieke, managing director and

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