DTCC plans Asia base for corporate actions

Jun 20, 2004

The US clearing and settlement body introduces a global service for the outsourcing of corporate actions processing.

The Depository Trust & Clearing Corporation in New York, which has nearly $24 trillion of securities under custody, has developed a service to handle corporate actions processing and plans to set up an office in Asia for client servicing and marketing purposes, says James Femia, managing director.

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