Corporate Actions Management
Digitalise end-to-end Corporate Actions processing to mitigate risks and improve productivity
Research shows that corporate actions continue to be an area of significant risk and poor automation. The historic high cost and inefficiency of systems has led to the utilisation of mature, manual processes, which over time have been accepted as the norm.
Contemi's Corporate Actions solution is designed to break this norm by providing a complete, automated solution which will be cost effective for the smallest financial institutions, but able to scale to the largest.
It will improve your corporate actions data, ensuring no event is missed or erroneous information provided to and acted upon by internal decision makers or external clients. It will provide processing visibility against workflows specific to any event type, ensuring compliance to best practice and adhesion to internal/market deadlines. It will manage the dissemination of information to those who make the decisions, especially voluntary events, recording the resulting instructions, allocating and reporting them correctly across multiple custodians.
The Corporate Actions solution, with its highly configurable and modular architecture, can deployed either as a hosted service or on premise.
Business Benefits
Reduce Risk
Ensure that events are not missed, or processed against incorrect information and dates
Compliance to company/industry best practice by using pre-defined workflows
Automation eliminates manual entry and associated errors
Reduce Cost
Improvements in straight-through processing allow more to be managed with less, driving productivity up and costs down
Staff resources can be redeployed to more pressing operational functions
Hosted deployment allows a greater focus on delivering services rather than maintaining the associated infrastructure
Improve Service
Vital resources are freed to concentrate on providing client/internal service
Proactive client interaction opportunities are presented either directly or via a client portal
Seamless integration with any application provides a single view of the client
Better Growth
Greater process efficiency facilitates business growth and reduces incremental costs
Scalability and hosted deployment ensure there are no caps to future growth
Checks and controls provide visibility of process bottlenecks, enabling resolution
Capabilities
Notification Management
Capture data from single or multiple sources in any format
Automatic creation and maintenance of a master copy, including notification updates
Creation and distribution of templated notices to clients and/or internal stakeholders
Event Diarisation
User-defined workflows for each event type embed best practice in all daily operations
Visibility of internal and external timelines, including market deadlines
Automated reminders, alerts and escalations to ensure timely processing
Election Management
Identifies clients and/or internal decision makers to whom an election applies
Generates necessary communications and monitors responses against a defined workflow
Consolidates the resulting instructions and allocates them to the correct custodian
Entitlement Processing
Calculates holding level and gross entitlements, reconciling these against custodians
Creates the necessary transactions and imports these into the back office
Supports MiFID II transaction reporting of corporate actions
