The Depository Trust & Clearing Company (DTCC) has launched a new service to automate the issuance of structured notes custodied at the Depository Trust Company (DTC).
DTCC filed a proposal with the SEC in September 2025 to launch Rapid Issuance on 3 November. Rollout of the service was delayed as a result of the US government shutdown; in January, service implementation was pushed back to 17 February.
Offered as part of DTC’s Underwriting Central platform, Rapid Issuance automates end-to-end issuance for the instruments, which DTCC states will reduce processing times and operational complexity while supporting higher volumes.
The service allows securities to be checked for DTC eligibility and issued in bulk. This lets issuers complete closings within an hour of a security’s submission, DTCC says.
Using an expanded data model, Rapid Issuance can ensure accuracy in corporate actions announcements and faster payment distribution and tax reporting.
DTCC states that “several” of their clients are using the service, including BNY and UBS.
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