ICBC Financial Services Uses XSP to Adopt ISO 20022
Industrial and Commercial Bank of China Financial Services (ICBCFS) has begun using SunGard's XSPrisa software-as-a-service (SaaS) offering to process corporate actions in ISO 20022, as part of its preparations for the Depository Trust and Clearing Corporation's (DTCC) transition to the standard.
ICBCFS has until now used XSPrisa to process DTCC's corporate actions CCF (computer-to-computer facility) files. ICBCFS has now chosen to adopt ISO 20022 to help it prepare for the changes DTCC is
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