DTCC is working to create a new XML based format for delivery of corporate actions announcement information via its Global Corporate Action Validation Service (GCA VS), scheduled for roll-out in early 2008. DTCC currently provides data in its own proprietary format and in ISO 15022. The inadequacy of the 15022 format for its purposes is one of the factors that has prompted it to migrate its proprietary format to XML and it is, it says, making ISO aware of its work.

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