Euroclear introduces EasyWay browser-based app

Source: Euroclear

Euroclear Bank clients will be the first to take advantage of Euroclear's new, innovative, browser-based application - EasyWay.

Designed and built in collaboration with clients, EasyWay's purpose is simple: perform operational tasks efficiently and quickly, while managing operational risk even better in real time.

Launching in November for corporate actions, we will extend EasyWay progressively across all Euroclear Bank services to also include settlement, collateral management and other custody services. EasyWay will ultimately be used by clients of the entire Euroclear group of central securities depositories. EasyWay will deliver a superior client experience by giving clients an integrated, holistic view of all their activities within Euroclear, providing unprecedented risk control and asset optimisation opportunities.

Clients will be able to work with EasyWay's deadline-driven features to manage their elective corporate action processing needs. At the click of a button, EasyWay will enable clients to monitor the status of their entitlements in real time, granting a concise overview of all actions they need to take on their security holdings and by when. In order to fully protect the value of their investment, an intuitive warning system highlights imminent corporate action deadlines for which an instruction is needed urgently. Thus, clients should never miss a deadline.

Jo Van de Velde, Head of Product Management, Euroclear, stated: "We manage over 120,000 elective corporate actions for Euroclear Bank clients on any given day. This new-generation portal marks a big step forward in our 'post-trade made easy' mission, and specifically to further mitigate and control the risks associated with corporate action processing. With EasyWay, clients will benefit from a one-stop-shop to access our services, with real-time monitoring and instructing features. Its timeliness, ease of use and quality of information will be unrivalled in the post-trade sector in that clients can connect from anywhere using computers and mobile devices."

Leading financial firms including Deutsche Bank, Goldman Sachs and Northern Trust were highly influential in EasyWay's development. Euroclear has worked with these clients since the end of 2011 on this initiative. They are actively involved in pilot-testing, which continues today.

Other than to obtain a secure network, there is no software installation required to run EasyWay, a simple web connection will suffice, and maintenance for business evolution will be negligible. Clients using EasyWay will be charged according to our standardised volume-discount pricing schedule, meaning that higher volume users will benefit from economies of scale. In addition, EasyWay has been designed with full customer flexibility in mind and can be accessed via desk-top PCs, iPads and other tablet devices. 

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