20 August 2017
Find out more

EDI adopts ISO 15022 for corporate action data

03 February 2004  |  7239 views  |  0 EDI adopts ISO 15022 for corporate action data

London market data vendor Exchange Data International (EDI) has begun the first phase of integrating the Swift compliant ISO 15022 messaging protocol into its corporate action data services.

EDI says the move will help clients automate corporate action processing as part of their drive towards STP.

The vendor will begin providing test data to clients by the end of Q1. In the first phase the data will cover messages featuring dividend information, including cash and stock dividends, dividend options and dividend reinvestment plans.

Kevin Brady, director of EDI, says dividend information provides over 50% of all corporate action event volumes: "By taking this information in standard Swift/ISO 15022 format, clients will be able to see a rapid return on investment and derive maximum benefit from automation."

In adopting the ISO 15022 standard, EDI says it is supporting the custodian message format. Adding corporate action data in a uniform structure will give clients the ability to automate validation and processing of critical data items.

In subsequent phases, EDI will extend the standard to corporate action messages dealing with capital changes including rights issues, stock splits and bonus issues.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift signs four market data vendors to corporate actions pilot

Swift signs four market data vendors to corporate actions pilot

21 October 2003  |  8489 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9811 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8320 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7890 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7660 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7146 views comments | 15 tweets | 13 linkedin