Legal Notice System Data

DTCC’s Legal Notice System (LENS) Data provides a comprehensive, searchable library, updated daily, of legal notices concerning DTC-eligible securities that are published and furnished by third-party agents, courts and security issuers.


about

DTCC is one of the most comprehensive repositories of legal notices in the U.S. Every day issuers, agents and courts produce an abundance of securities-related notices that are sent directly to DTCC. These notices include everything from bankruptcies and defaults to class actions and 19(a) tax information. The LENS Portal grants clients access to the notices in their original, unaltered, document form shortly after they become available to DTCC. They allow clients to keep themselves and their clients informed, maintain critical compliance, identify investment opportunities and provide greater customer service.

The LENS library contains notices categorized as follows:

Legal (LG) Notice to Security Holders

  • Bankruptcies
  • Litigation/ Class Actions
  • Defaults
  • Letter of Credit Substitution
  • Cost Basis
  • Dissent

Other Transfer Agent (TA)

  • Notifications under Rule 17ad-16 of the SEC Act of 1934

Tax Information (TX)

  • Section 19(a) Notices

benefits

Features

Benefits

Updated Daily
Conveniently view, download or e-mail notices with colleagues or clients in a timely manner. LENS provides complete access to the information clients need affecting portfolio holdings on a daily basis.
Easily Searchable
Indexed and easily searchable data saves time by allowing users to locate relevant notices. Notices are searchable by CUSIP, Keyword, Notice Type or Document Number.
Historical Access
Increases opperational efficiency by providing five years of historical notices at user's fingertips.
View, download or e-mail notices
Easily view or share important notices with colleagues or clients
Custom E-mail Alerts
Eliminates guesswork by providing daily custom e-mail notifications based off a CUSIP interest list or notice type.
Bulk Downloads
Saves time by receiving notices in customized bulk downloads from one centralized source.

Offering

  • On-demand web repository of legal notices
  • 5 years of historical data

Coverage

There are roughly 134 notices posted per day across three different categories:

  • Legal Notice to Security Holders
  • Other Transfer Agent
  • Tax Information.

HISTORICAL DATA

The LENS repository offers 5 years of historical data on a broad range of DTCC eligible securities.

How It Works

  • DTC receives notices from issuers, agents, trustees and courts.
  • DTC makes these notices available in their original document form at 7:00AM ET via LENS.

Delivery

  • Web interface for on-demand access

Resources

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