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Dividend and Income Processing

Welcome! In this section of the DTCC Learning Center you will find resources to support your use of DTC’s Dividend and Income Processing services. You can use Search, the Resources tab (includes filters to help narrow your search), and Quick Links to learn more.

DTC's Dividend services include announcing, collecting, allocating and reporting dividend, interest and certain principal payments on behalf of its participants with securities in DTC custody. The Dividend and Income Processing section provides additional information about:

  • the CMO Trade Adjustment System (CTAS),
  • Interim Accounting, and
  • PUT Bonds.

Login and expand the sections below to learn more.

The CMO (Collaterilized Mortgage Obligation) Trade Adjustment System (CTAS) automates principal and interest adjustments for certain structure securites such as CMO's and other Asset-backed securities that do not carry Interim Accounting and where trades settle at DTC during the structured security Blackout Period.

CTAS Cover

Click the image above to watch the video in a new window. Video duration: 11:08 minutes.

Watch these videos for a high-level overview of the Interim Accounting processes used by the Depository Trust Company.

Part 1 of 4: About Interim Accounting

About Interim Accounting (Part 1 of 4)

Click the image above to watch the video in a new window. Video duration: 4:51 minutes.

Part 2 of 4: Interim Accounting at DTCC

Interim Accounting at DTCC (Part 2 of 4)

Click the image above to watch the video in a new window. Video duration: 3:22 minutes.

Part 3 of 4: Interim Accounting Process

Interim Accounting Process (Part 3 of 4)

Click the image above to watch the video in a new window. Video duration: 5:44 minutes.

Part 4 of 4: When Interim Accounting is Used

When Interim Accounting Is Used (Part 4 of 4)

Click the image above to watch the video in a new window. Video duration: 5:44 minutes.

The majority of Medium Term Notes are processed in the DTC MMI system because the MMI program provides customers and issuer paying agents (IPA) with a fully automated book-entry environment for the issuance and settlement of securities. With the Survivor Option, the position is segregated on the books at DTC, preventing the participant from selling, moving, or otherwise using the position designated for the put. DTC also facilitates an electronic payment process between the participant and the IPA through the MMI program.

Learning Resources

  • pdf Survivor Option PUTS User Guide (765 KB)
    The Survivor Option PUT service is available in both the participant terminal system (PTS) and participant browser servcies (PBS) platforms. This guide explains how to access the main menu, enter PUT instructions, make a swing request, and view instructions.

When Interim Accounting Is Used (Part 4 of 4)

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Interim Accounting Process (Part 3 of 4)

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Interim Accounting at DTCC (Part 2 of 4)

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About Interim Accounting (Part 1 of 4)

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CTAS: CMO Trade Adjustment System

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The Elective Dividend Service (EDS) Quick Reference Guide

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Dividend Reinvestment Screens (PBS)

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Dividend Reinvestment Screens (PTS)

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EDS Screens with Cutoff Date and Time (PBS and PTS)

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Foreign Currency Payment Screens (PBS)

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Foreign Currency Payment Screens (PTS)

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SLPO Screens (PBS)

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