Swift and DTCC Team up on XBRL for CA Initiative
NEW YORK - Swift and the Depository Trust & Clearing Corporation (DTCC) are collaborating on pushing XBRL for corporate actions to help standardize messages and reduce risk, officials tell Inside Reference Data.
XBRL is used to capture information, and there is potential to marry it up with the ISO 20022 messaging standard, according to Malene McMahon, business manager for Swift's standards department. "I have a feeling we have a lot in common already, and I'm confident the work will enrich ISO
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