NEW YORK--(BUSINESS WIRE)--The Depository Trust & Clearing Corporation (DTCC) announced today that Financial-i magazine has selected DTCC, along with SWIFT and XBRL US, as the "Most Innovative Solution Provider" for Corporate Actions for its Leaders in Innovation Awards. Financial-i features the winners in the Q4 2009 issue of the magazine.

Financial-i’s fourth annual Leaders in Innovation Awards recognize global transaction banks and financial hardware and software vendors that have demonstrated an ongoing commitment to innovation throughout 2009 and who have excelled, in terms of business solutions, across wholesale transaction banking. The award categories include: payments & FX; securities services; data management; risk management and network services.

Anita Hawser, Managing Editor of financial-i, noted in a press release, “In selecting winners in each category we have tried to focus on those companies we and our advisory panel believe have that little something extra that makes their solutions stand out from their competitors in terms of depth and breadth of functionality, ease of implementation and support and solutions that are not looking for a problem to solve but actually address real business needs."

“We are honored to stand alongside SWIFT and XBRL US as the recipient of Financial-i’s award for innovation in Corporate Actions,” said David Hands, Director, DTCC Solutions LLC. “2009 represented an important year for us as we continued to build consensus on how to create a seamless corporate action announcement solution that electronically connects, through the use of global standards, all the parties in the communication chain from the Issuer to Financial Intermediaries and finally the Investor. The launch of our global initiative, ‘Issuer to Investor: Corporate Actions’ (I2I), has, for the first time, brought together representatives from all the parties involved to address an area of high risk and cost within the financial services industry.”

The I2I initiative builds on the work undertaken by DTCC, SWIFT and XBRL US to promote existing ISO (International Organization for Standardization) standards for corporate actions and integrates the benefits of XBRL (eXtensible Business Reporting Language) electronic data tagging technology. For more information please refer to http://xbrl.us/i2i.

DTCC Solutions LLC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation.

UK-based Financial-i magazine focuses on how technology is being leveraged to provide business solutions in wholesale transaction banking .