Business Case Supports XBRL for Corporate Actions
Taking Tagging to the Top
The industry-wide discussions kicked off three years ago. Since then, it has been difficult to go to a conference without hearing about it. The use of data tagging standard XBRL for corporate actions has been promoted as the solution to all risk, quality and cost problems in the corporate actions world. But is it? That is the question a group of market participants has answered in a business case due to be released this month.
Last year, DTCC, Swift and XBRL US teamed up to create a stakeholder
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