The SWIFT programme follows a strict process –certifying the application is fully compliant with SWIFT corporate actions messaging standards. 

This rigorous technical validation and the interpretation of industry standards is key when complying with the SWIFT network. Even though SWIFT messages are established as the message standard for corporate action announcements and processing, many companies struggle with the complexity of the messages and the protocol across the lifecycle of the event.SmartStream’s TLM Corporate Actions solution frees firms from this costly process, providing SWIFT message support out-of-the box. Corporate actions processing is a highly complex area and as volumes continue to rise, manual processing represents a risk to financial institutions. Automating corporate actions processing with exception controls provides enhanced risk management, whilst at the same time controlling back-office costs. 

Alan Jones, Senior Product Management, SmartStream, states: “The SWIFT certification further reconfirms our commitment to the industry and to making sure we remain thorough when it comes to corporate actions processing. We have worked hard to build a complete end-to-end solution enabling our customers to fully participate in active communications with account holders and their account service providers. Today, our SaaS Corporate Actions utility is available to both sell-side and, perhaps most importantly, buy-side firms who need this low-cost yet highly advanced service.” 

SmartStream’s TLM Corporate Actions solution delivers a streamlined, automated approach to complete, timely and accurate event processing. Its rules-based architecture enables full event management through to detailed calculation of entitlements and claims.The solution offers full compliance with evolving data standards and increased clarity and predictability across the entire corporate actions event management process. It has operational risk controls through a unique integrated lifecycle approach and diary interface, eliminating manual intervention. TLM Corporate Actions also provides predictability across the entire corporate actions event management process, enabling control from data capture to settlement, enabling more effective position monitoring.