DTC is made aware of dividend or interest payment information related to a security in a number of ways. At the time of DTC eligibility, an issuer’s offering document is reviewed to determine if standard payment information exists on the security. If so, this information is entered onto DTC’s security master file for future processing purposes.
Payment information that has not been provided to DTC via an initial offering document at the time of eligibility is communicated in various ways. DTC obtains payment notifications (including record date information) from issuers, their authorized servicing agents, the Stock Exchanges, and other third party information sources. DTC utilizes a variety of information sources in order to meet the servicing needs of its participants and to support their provision of information to ultimate investors.