Easily manage complex corporate actions throughout their lifecycles
A Corporate Actions System (Syn~CorporateActions)
Syn~CorporateActions delivers to the Asset Servicing operation an automated Corporate Actions and Cash Events solution providing operational efficiencies and risk controls
Increasing volumes of corporate actions across multiple locations are often compressed into a few days of the year. Brokers and banks increasingly need a tool to create rapidly a clean set of corporate actions by tracking location – depots and depository accounts – within owner position, accumulating and re-working these with open items, while accumulating and scrubbing information from data vendors
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FEATURES
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Rich Functionality
- Defined lifecycles for Mandatory (benefits and re-organisations) and Elective events (Optional and Voluntary delivering STEP management and schedule of deadlines and processing milestones
- Calculate entitlements from numerous back office applications, feed them to the appropriate back office and send all relevant messages to all concerned parties
- Accumulate and scrub corporate action announcements from data vendors and SWIFT
- Key functions include event capture, event lifecycle management, entitlement derivation, holder notification, movement generation (including adjustments, claims and transformations), settlement and elective event processing.
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Rich Functionality
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BENEFITS
- Apply corporate actions correctly to accurate positions and books in depots and depository accounts
- Claim transaction processing support for the full settlement lifecycle, including generation of settlement instructions and custodian/depository claim compensation
- Automatic Transformations processing closing open trade and replacing with a new settlement obligation in the new security, this includes generation of settlement instructions as required
- Instantly track increasingly complex multi-location positions globally and re-work books and open items in real-time throughout the life of any corporate action.
- Model-based definition of corporate action workflows and varied market practice
- Workflows control each process, create and transmit all relevant messages to all parties concerned, throughout the entire lifecycle of the event.
- Simplifies gathering of clean data
- Easy modeling for new corporate action types
- Scales as complexity and volumes grow
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USERS
- Middle and back office for brokers, dealers, custodians and third party clearers
- SEE ALSO
