By electronically connecting the Issuer and Investor through the use of global standards, the 'Issuer to Investor: Corporate Actions' initiative aims to ensure the Issuers' intention and information are simply, accurately and effectively delivered throughout the communication chain, while driving towards complete straight-through-processing sought by the investing community.

What’s the Problem?
Approximately 200,000 corporate actions such as dividends, bond redemptions, rights offerings and mergers are announced each year by publicly traded companies and other issuers or offerors in the U.S. alone.  Most of these announcements still require many manual steps, making the process error-prone, time-consuming and costly.  Over the years, these issues have a negative impact on investors across the financial community.

What’s the Solution?
To help mitigate the risks and drive down the costs associated with processing corporate actions, DTCC, SWIFT and XBRL US have joined forces to implement a solution.  The resulting initiative builds on the work undertaken globally to promote existing ISO (International Organization for Standardization) standards for corporate actions and integrates the benefits of XBRL electronic data tagging technology.  The collaboration promotes straight-through-processing by electronically capturing data directly from issuers at the point that a corporate action is announced and in standardized format.