赎回

The Depository Trust Company (直接转矩) offers full lifecycle processing of redemptions that arise from the servicing of the approximately 1.4 million active securities eligible at the depository, 包括全部呼叫和部分呼叫, 最后一定程度, 期限, 全额和部分预退款, 部分废止, 终止妊娠, 还有其他事件.

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  直接转矩’s 公司行为处理 Service for 赎回 provides full lifecycle processing, including announcing details of upcoming events, providing participants with information about their entitlements, 和收集, 分配, 报告付款情况. The 赎回 service includes events such as full and 部分叫s, 最后一定程度, 期限, 全额和部分预退款, 部分废止, 终止妊娠, 还有其他事件 that arise from the servicing of securities eligible at the depository.

• 谁可以使用该服务

  All 直接转矩 participants are eligible to use the service.

• 好处

  By centralizing corporate actions processing, including the receipt and allocation of cash and stock entitlements, the 公司行为处理 Service leverages the economies of scale and experience of 直接转矩 to provide cost savings to issuers, agents and participants – and ultimately to securities’ beneficial owners. The service enables a single payment by an agent or issuer to be seamlessly translated into multiple allocations to participants, eliminating the need for separate payments to multiple firms across the financial industry, 是适用的.

  直接转矩’s 公司行为处理 Service for 赎回 provides participating organizations cost savings, 效率, and reduced risk for eligible securities by:

  • Reducing the burden of securing timely payment directly from paying agents.
  • Providing timely, accurate distributions of principal cash and accrued interest.
  • 减少手工处理.
  • 减少风险和暴露.
  • Providing an array of information and processing services for which outside agencies were formerly used at a higher cost.
  • Reducing the need for holders to submit bonds for presentation relating to redemptions while limiting the risks associated in shipment of bonds.

• 服务如何运作

  参与机构须知, 直接转矩’s 公司行为处理 Service for 赎回 works as follows:

  • 为期限, 直接转矩 makes the maturity information available to participants and presents certificates/instructions to the redemption agent for payment.
  • 所有其他的救赎事件, 直接转矩 receives notification of the event from the agent or the agent’s authorized vendor. The data is received and processed into 直接转矩’s systems. In cases w在这里 a lottery is required (e.g., 部分叫, partial pre-refunding) 直接转矩 runs a systemic, impartial lottery to determine the amount that 直接转矩 participants will be called for, 如果有任何.
  • 在赎回的付款日, 直接转矩 collects the proceeds from the agent, allocates to the participants and reduces the participants’ position on 直接转矩’s records.
  • For Redemption Cancellations and Revisions, upon written instruction from the agent, 直接转矩 may rescind or adjust a redemption. Participants’ positions and allocations will be adjusted in accordance with the instructions received from the agent.

  As funds are paid to 直接转矩 to support cash entitlements, matched funding (i.e., funds received by 3:00 pm and identified at a CUSIP level) is allocated to participants in batches running approximately every 20 minutes from approximately 8:30 am to 3:30 pm. These allocation totals appear on the 直接转矩 Participant 结算 Statement. Participants can receive updates on their intraday allocations through several means including intraday cash settlement files, ISO 20022讯息, 网上查询及, 如果符合条件, can also request intraday withdrawals of these funds. 如果当天没有撤回, these entitlements are settled through the combined 存 结算 process.

• 了解更多信息

  To request additional information, please click 在这里.