As promised by David Hands, director of asset services product management at DTCC Solutions, back in April (see here), the group working on the XBRL and ISO mapping initiative has finally published its case study to illustrate why firms should adopt XBRL tagging for corporate actions. And that reason comes in the form of an estimated saving for the industry of US$400 million a year and potential direct savings to investors and their investment managers of US$172 million annually, if the figures from the recent DTCC, Swift and XBRL US business case are anything to go by.

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