DTCC TO LAUNCH WEB-BASED CORPORATE ACTIONS DATA SERVICE

Posted March 24, 2009

NEW YORK – The Depository Trust & Clearing Corporation (DTCC) is introducing a new low-cost Web browser service that offers real-time, unlimited access to all global, validated corporate action information in its database.

Developed by DTCC’s Global Corporate Actions (GCA) business unit, the GCA Browser provides a direct connection to the GCA Validation Service data base, a centralized source of the highest quality “scrubbed” corporate action announcement information on global securities.

The GCA service team validates data on over two million securities in over 160 countries through an intricate process of mapping, normalizing and consolidating announcement information, generally referred to as “scrubbing.” The team of 68 experts located in service centers in New York, London and Shanghai then enrich the data through follow-up research, relying on over 200 sources to deliver the “golden” copy of the data.

“This powerful online tool provides a low-cost entry point to the kind of data once only available to those who subscribed to multiple and expensive data sources,” says Brett Lancaster, Vice President, GCA at DTCC. “The GCA Browser gives corporate action professionals, researchers, and front- and back-office teams easy access to our precisely aggregated and deeply validated corporate actions data.”

The browser is available as a separate and stand-alone service offering to new clients or existing clients of the GCA Validation Service. Clients can select as a subscription option whether they wish to view corporate actions against global securities or against US or Canadian securities.