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The Depository Trust & Clearing Corporation (DTCC) has been named the “Best Corporate Actions Solution Provider” by the 10,000 readers of Waters magazine.
“DTCC continually works to improve the accuracy and data flow while reducing risks associated with corporate actions,” said Daniel Thieke, DTCC vice president, Asset Services, “so we’re delighted that our customers have come out in full force to support and endorse our work and the ongoing innovations that our Global Corporate Actions Validation Service (GCA VS) brings to the industry. The fact that we have been named best-in-breed in corporate actions solutions once again, coupled with our expanding customer base, helps confirm that GCA VS provides the highest level of accuracy and timeliness in corporate actions.”
The ninth annual Waters Rankings winners were selected by a survey of Waters’ 10,000 subscribers, including market participants and readers of Waters magazine, a financial markets technology publication. A total of 26 award winners in a wide range of categories were announced at an awards cocktail party sponsored by Waters held at the Empire State Building in New York City on July 13.
DTCC provides a Global Corporate Actions Validation Service that tracks, validates and distributes corporate actions information on more than 2.5 million securities globally in more than 200 countries in more than 15 languages. In 2010, the services provided more than 972,000 corporate action announcements and more than 9.5 million announcements on scheduled payments for fixed income securities to its clients. The service also handled about 125,000 announcements from 175 custodians to its clients on those securities.
DTCC maintains staff in New York, London and Shanghai to monitor corporate actions event announcements and provide timely, accurate information on the events.
