



In preparation for future development planning, we would like to announce the implementation timeline for the DTCC Corporate Actions Reengineering initiative.
As you are aware, this reengineering will, over time, upgrade and replace many of the 60 legacy systems that currently support corporate actions at DTCC.
Recent enhancements to DTC's Stock Loan and Repurchase Payment Order (SLPO) system have further streamlined stock loan processing.
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