1. Corporate Actions Transformation
BDUG
September 23, 2013

2. Agenda Agenda: Getting to Know ISO 20022 Timeline Getting Started
XBRL Update
The new CA Web
Wrap Up, Q & A
DTCC Non-Confidential (WHITE) 2

3. ISO 20022 is the cutting edge standard for corporate actions messaging
Getting to Know ISO 20022
ISO is the cutting edge standard for corporate actions messaging
DTCC Non-Confidential (WHITE) 3

4. ISO – Key Highlights
Adoption of Market Practice and Standardization
Brings the U.S. in line with global standards and market practice
The yearly standards maintenance process requires DTCC to continuously review and analyze the ISO format to ensure compliance with market practice
New event-based data model will replace the existing proprietary structure based on function codes
Unique Event Identifier (CA ID / COAF) allows for downstream processing and marries announcement, to entitlement, to election, to payment
Greater Straight Through Processing (STP) – average of 26% more data elements in fixed fields in ISO 20022
Reduces reliance on narrative text, allowing for more efficient processing
Reduces risk through the reduction of errors due to streamlined, automated processes, resulting in client cost savings
Real time Messaging
Over 50% of events are delivered earlier, cited in recent case study
Automating the DTCC Election process
Eliminating the manual election / instruction process can lead to cost savings, operational efficiencies, and risk reduction
Instruction Statement Report – CAST ISO Message
Automates the tracking process for outstanding election balances
DTCC Non-Confidential (WHITE) 4

5. Equivalent DTCC Processes
ISO Message Types
MX Identifier
(2013 version)
ISO Message Names
Extension
Short Name
Equivalent ISO 15022
Equivalent DTCC Processes
seev
CA Notification
supl
CANO
MT 564
Announcements
seev
CA Cancellation Advice
supl
CACN
Announcement Cancellations
CA Notification with Eligible Balance
supl
CANO-E
Record Date Entitlements
seev
CA Movement Preliminary Advice
supl
CAPA
Projected Payments
seev
CA Movement Preliminary Advice Cancellation Advice
n/a
CAPC
MT 567
NEW
seev
CA Movement Confirmation
supl
CACO
MT 566
Allocations / Payments
seev
CA Movement Reversal Advice
CARE
seev
CA Event Processing Status Advice
supl
CAPS
Unallocated Positions
seev
CA Instruction
supl
CAIN
MT 565
Instructions / Elections
seev
CA Instruction Cancellation Request
CAIC
Instruction Withdrawal
seev
CA Instruction Status Advice
CAIS
Instruction Reply
seev
CA Instruction Cancellation Request Status Advice
CACS
Withdrawal Reply
seev
Corporate Actions Instruction Statement Report
CAST
DTCC Non-Confidential (WHITE) 5

6. Transforming the Industry
The DTCC Corporate Actions Transformation initiative is a multi-year effort that offers extensive client benefits
DTCC Non-Confidential (WHITE) 6

7. Corporate Actions Transformation Project Milestones
Project Timeline
Announcements
Processing
2010
2011/2012
2012/2014
2014/2015
2015/2016
Phase 1
New Data Model
(Internal to DTCC)
Implemented new data model
Updated internal systems to support ISO messages
Phase 2
Announcements
(Browser & ISO 20022)
Conversion not mandated until end of 2015 when CCF files are retired
All event types included
Distributions
Redemptions
Reorgs
Phase 3
Distribution Events
(ISO 20022)
Only distribution event types
Cash/Stock Dividend
Principal & Interest
Processing lifecycle
Entitlements
Payments
Instructions
Adjustment
(Browser)
Mandated conversion to new browser in June 2014
Phase 4
Redemption Events
(ISO 20022)
Only redemption event types
Full/Partial Call
Maturity
Processing lifecycle
Entitlements
Payments
Elections
Adjustments
(Browser)
Mandated conversion to new browser in 2015
Introduce new redemptions browser features
Phase 5
Reorg Events
(ISO 20022)
Only reorg event types
Tender
Exchange Offer
Processing lifecycle
Entitlements
Payments
Elections
Adjustments
(Browser)
Mandated conversion to new browser in 2016
Introduce new reorg browser features
Ongoing efforts – Clients onboard to ISO and retire CCF files (DTCC retires announcement files in 2015)
DTCC Non Confidential (WHITE)
* Dates subject to change 7

8. Corporate Actions Adoption
Current CCF File
Announcements
CMORT, DIVANN, RDPRPT, REOGN2, MUNANN
Distributions Processing
CSHSET, DIVRDP, REORDP, MMIDC2
Record Date Position
Cash/Stock Allocation Files
Redemption Processing
MMIRC2
MMI Redemption Files
Reorg Processing
IRT1-5, RPP1-5, RTP1-5
Rights/Put/Tenders Instructions
Current PBS/PTS Function
DIVA, DAWN
DPAL, SDAR, EDS
RIPS
PTOP
RTOP
Retirement Date
End of 2015
2016
TBD
June 2014
2015
ISO Replacement
CANO, CACN
CANO-E, CAPA, CACO, CAIN, CAST
CANO-E, CAPA, CACO
Browser Replacement
Corporate Actions Web
Distributions processing moved to Corporate Actions Web in June 2014
Redemptions processing moved to Corporate Actions Web in 2015
Reorg processing moved to Corporate Actions Web in 2016
Legacy
Files
(CCF)
Applications
DTCC Non Confidential (WHITE)
* Dates subject to change 8

9. Getting Started
DTCC provides extensive materials to help clients transition to ISO and onto CA Web
DTCC Non-Confidential (WHITE) 9

10. Getting Started – ISO 20022 Messaging – Testing Roadmap
Step 1 - IT Connectivity
Step 2 - IT App Programming
SMART vs. SWIFT
If SMART, DTCC does utilization study
If needed, client initiates circuit upgrade
Choose a Communications Protocol
SMART = MQ, FTP or NDM
SWIFT = Interact Store & Forward or FileAct
Establish Connectivity to DTCC
Client completes Router Exchange Form (REF)
Client chooses subscriptions
DTCC begins sending ISO20022 messages
Mapping ISO20022 Messages
Client determines which of its systems are impacted and identifies CCF files to be replaced
Client maps ISO20022 messages to its applications
Client gains access to corporate actions browser to assist in testing effort
Connectivity
Application Programming and Testing
Step 3 – CCF vs. ISO – Parallel Testing
Step 4 – Client in Production
Volume/Data Element Check
Client verifies that its application is receiving and processing all events and associated data elements from ISO20022 messages
Client assesses impact of new data model, messages and workflow
CCF vs. ISO Comparison
Parallel Testing Complete – Client Deploys ISO Messaging to Production
Client has flexibility to deploy based on event groups
Client Discontinues Receiving CCF Files
Client verifies that results from processing CCF files = results from processing ISO20022 messages
Pre-Production System & User Testing
Production Cutover
DTCC Non-Confidential (WHITE) 10

11. Resources & Contact Information
Corporate Actions Transformation Learning Center
Includes business and technical documentation
Learning Center URL
Learning Center Registration Information
Corporate Actions Onboarding Kit
Questions regarding adopting ISO can be sent to the CA Transformation mailbox at ISO adoption clients can also contact Roxana Argintescu at
DTCC Non-Confidential (WHITE)

12. Corporate Actions Transformation Learning Center
DTCC Non-Confidential (WHITE) 12 4

13. XBRL Update
XBRL Driving STP
DTCC Non-Confidential (WHITE) 13

14. XBRL Initiative Current State Governance ROI Next Steps
XBRL concept proven with ADR pilot initiated in February 2013 with issuer Citi ADR
Deployed inbound XBRL formatted data for dividend event types (cash, stock, special and sale of rights)
350+ XBRL messages processed to date
ADR issuers BNYMellon and JPMChase are actively engaged
XBRL “instances” automatically converted to ISO messages for clients
Governance
Charter establishes governance framework
Taxonomy releases to coincide with annual ISO standard releases in November of every year
ROI
Risk reduction by eliminating possibility of misinterpretation and keystroke error
Improved efficiency with greater straight through processing (STP)
XBRL expected to eliminate hours of manual processing per day once the 3 major ADR banks are in production
Next Steps
Add additional event types
Engage SEC and SIFMA to seek regulatory mandate

15. Manage and process all CA events in one application (CA Web)
Introducing CA Web to know ISO 20022
Manage and process all CA events in one application (CA Web)
DTCC Non-Confidential (WHITE) 15

16. CA Web – Key Highlights Manage all corporate action event types
Distributions (e.g. Dividends and P&I), Redemptions, and Reorganizations all on one platform
Manage the entire lifecycle of corporate actions events, from announcements, through instructions, to allocations, where data is updated in real-time
Key announcement data published
Manage and process electable corporate action events; user interface displays critical electable events
Enhanced management controls
Full event details available
Entitlements, instructions, allocations (including projections and adjustments) all available on a single event record
4. Ability to customize searches
Save and perform “favorite” searches with a click of a button without re‐selecting each search criteria
Multiple ways to search for event information, using quick search or advanced search criteria
5. Flexibility to manage data and ease of use
Ability to see announcement changes, instructions due, allocations and adjustments made, all rolling up to a dashboard view
Information is able to be exported to Excel spreadsheets
Ability to view related DTC accounts, based on predetermined entitlements
Acronyms and function codes are eliminated; events appear as they are announced in the market and aligned with the ISO messages
DTCC Non-Confidential (WHITE) 16