Brown Brothers Harriman (BBH) has implemented a real-time messaging solution for corporate actions launched late last year by the DTCC.
The solution, which sends real-time messages announcing corporate actions, follows the global ISO 20022 standard and operates on the SWIFT network.
This is a significant milestone in our journey to improve the client experience. ISO 20022 is a critical building block, which can reduce risk and streamline processing, says Cira Neira, head of Corporate Actions at BBH.
Facing demand for more streamlined, standardized reporting and processing, many companies are upgrading their corporate actions systems.
Last week, Euroclear announced that it was upgrading its corporate actions reporting service to standardize reporting and increase ISO compliance.
(OS)