Information Mosaic upgrades corporate actions automation system to address T2S

Source: Information Mosaic

Information Mosaic, the world's most trusted post-trade software company, announces the latest release of enhanced IMActions, its multiple award-winning corporate actions automation solution, to tackle Target2 Securities. Target2 Securities (T2S) is the new European Securities settlement engine that has the aim of fostering a single market in post-trade settlements.

Information Mosaic's solutions prepare CSDs, commercial banks and central banks, which are active in the securities markets, for T2S. The advances in the areas of market claims, buyer protection and transformations have been added specifically to enable depositories and market participants to comply with T2S and European Banking market standards on Corporate Actions, as well as to offer value added features to their clients.

Information Mosaic's IMActions™ Product Manager, Vikas Sahni, commented, "This latest release of IMActions™ is based on client feedback and reflects our significant investment in Research and Development to help our customers comply with the latest industry challenges and impending regulation. The corporate actions enhancements around T2S add to our comprehensive securities and cash processing solution for this industry initiative, providing banks and depositories with clear and achievable migration path to the new settlements system."

The new features and enhancements of IMActions™, version 6.3, include extended functionality for directly addressing corporate actions risk mitigation, flexible rules for buyer protection, complete event type and market coverage, enhanced generation of notifications and instructions, increased capability for automatic reconciliation, and the provision of tighter controls for client allocation. Fees and fee application methods have been enhanced to allow for more variants to cover complex fee application requirements.

The release of IMActions™ version 6.3 is the latest milestone in the evolution of the product that was first launched in 2002. 

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