A consortium of capital markets infrastructure providers announced plans to build an automated corporate event reporting framework based on emerging international standards.

The Society for Worldwide Interbank Financial Telecommunication, the Depository Trust and Clearing Corp. and the XBRL U.S. Consortium, a group promoting the extensible business reporting language, outlined the plan Thursday.

They said they would work together to develop a corporate action taxonomy, or classification system, aligned with ISO 20022, the core message standard used for low-value payments in the Single Euro Payment Area and the next generation of Swift message formatting for wires and other financial messages.

The DTCC said it plans to begin making all its corporate action announcements available in the ISO 20022 format next year.

Legacy publication files are expected to be decommissioned by 2015.

The groups said that 200,000 corporate actions are announced each year in the United States alone. Those announcements — on matters such as dividends, bond redemptions, rights offerings and mergers — are typically processed manually.

An automated system would be able to process such announcements more efficiently, the groups said.