Corporate Actions - An automated End-to-End Processing Solution

Corporate Actions are traditionally one of the last areas of activity to be exposed to automated processing.

Initiatives such as Basel 2 have focused organisations on the need to minimise operational risk and raise awareness of the costs and risk associated with error-prone, manual processes. Industry-wide initiatives such as the launch of SWIFT ISO22 corporate actions messaging, have also facilitated the speed of automation as well as the need to cut the costs associated with manual processes.

Microgen's framework for processing corporate actions utilises existing applications where they exist, (such as settlement systems) thereby, delivering a flexible, automated framework for consistent automated decision making. The Microgen solution provides an architecture that will be able to interpret electronic corporate actions messages and automatically process them or forward them to the relevant resource for decision making.

Benefits

Reduced cost
Flexible and customisable
Provides extensive reporting, including performance reports
Creates a "golden copy" of corporate actions, handling duplication and other event reconciliation, for onward distribution
Provides exception management for "missing" elections
Provides interface for all personnel including corporate actions processors, manager, supervisors and client managers

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