The Depository Trust & Clearing Corporation (DTCC) has launched a new service that seeks to improve the lifecycle of structured note securities: Rapid Issuance.
This service is available via the Underwriting Central platform, which automates the end-to-end creation process for equity-linked structured notes.
DTCC says the benefits include speed to market, as issuers can complete closings within an hour of submission; operational efficiency; data accuracy; and reduced risk.
DTCC shared a statement from Brian Miller, Director, Global Banking New Issues, UBS, lauding the service.
“Rapid Issuance represents an important step forward in modernizing how structured notes are brought to market… providing greater flexibility, efficiency, and operational certainty.”
The launch is being supported by major financial players like BNY and UBS, who emphasize that as debt programs grow in complexity, this automation supports liquidity and speed in the global capital markets.