Christopher Remondi, a partner at Brown Brothers Harriman (BBH) a leading custodian, which participated in the DTCC pilot along with BNY Mellon, JPMorgan Chase and National Financial Services, wrote that the DTCC effort will transform U.S. corporate actionprocessing.
And when you are performing the equivalent action on Siri, your device is passing that information to a remote server which is processing the request and then returning an answer, in pieces, back to your device.