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PS 270 01 Voluntary Corporate Action

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111 views2 pages

PS 270 01 Voluntary Corporate Action

mask off.

Uploaded by

David Briggs
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SS&C GlobeOp

SS&C GlobeOp voluntary corporate action service


SS&C GlobeOp’s Voluntary Corporate Action Service reduces costs, streamlines workflow
and mitigates the risks inherent to processing of voluntary corporate action events.

Managing the workflows and lifecycle for voluntary corporate actions SS&C GlobeOp’s Voluntary Corporate Action Service employs
is a persistent pain point. Institutional asset managers are responsible innovative straight-through processing technology, combined with
for complete, accurate and timely processing of voluntary corporate best of breed data and a world class global service team, to streamline
action events. Corporate action events are increasingly frequent and operations and provide stakeholders with a complete activity and
complex. Voluntary corporate action processing typically has been document trail throughout the lifecycle of voluntary corporate action
a highly manual, resource-intensive and high risk endeavor. events – from initial announcement through to final settlement.

ssctech.com
Technology-driven automation and controls are essential to SS&C GlobeOp’s specialized voluntary corporate actions group:
scalability. SS&C GlobeOp systematcally ensures the integrity • Reconciles notifications from custodians with third party vendor
of voluntary corporate action event processing using ISO- data sources.
compliant technology that:
• Chases custodians for notifications, acknowledgments
• Automates corporate action notifications, election instructions, and confirmations.
acknowledgments and confirmations to/from custodians via SWIFT. • Follows up with clients to ensure timely delivery of event
• Aggregates data from multiple market data vendors elections to custodians.
for enrichment and event reconciliation. • Applies clients’ standing instructions to treatment of selected
• Tracks all stakeholders’ activities against event deadlines. voluntary event types.
• Maintains all documents related to each event and all • Reviews application of entitlements to portfolio accounting
affected accounts. system (where applicable).
• Provides transparency through SS&C GlobeOp’s client portal.

Rigorous oversight of the entire lifecycle of voluntary corporate


action events is required to ensure timely and accurate coordination
among multiple parties, including custodian/prime broker banks,
portfolio management and investment operations teams.

SS&C GlobeOp’s Voluntary Corporate Action Service overcomes


operational challenges and delivers solid ROI to investment
institutions. This comprehensive technologydriven service enables
clients to scale their business, maximize opportunities, minimize
risks and reduce costs.

ssctech.com  |  solution@sscinc.com
© 2017 SS&C Technologies Holdings, Inc. PS-270-01

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