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PS 270 01 Voluntary Corporate Action
PS 270 01 Voluntary Corporate Action
Managing the workflows and lifecycle for voluntary corporate actions SS&C GlobeOp’s Voluntary Corporate Action Service employs
is a persistent pain point. Institutional asset managers are responsible innovative straight-through processing technology, combined with
for complete, accurate and timely processing of voluntary corporate best of breed data and a world class global service team, to streamline
action events. Corporate action events are increasingly frequent and operations and provide stakeholders with a complete activity and
complex. Voluntary corporate action processing typically has been document trail throughout the lifecycle of voluntary corporate action
a highly manual, resource-intensive and high risk endeavor. events – from initial announcement through to final settlement.
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Technology-driven automation and controls are essential to SS&C GlobeOp’s specialized voluntary corporate actions group:
scalability. SS&C GlobeOp systematcally ensures the integrity • Reconciles notifications from custodians with third party vendor
of voluntary corporate action event processing using ISO- data sources.
compliant technology that:
• Chases custodians for notifications, acknowledgments
• Automates corporate action notifications, election instructions, and confirmations.
acknowledgments and confirmations to/from custodians via SWIFT. • Follows up with clients to ensure timely delivery of event
• Aggregates data from multiple market data vendors elections to custodians.
for enrichment and event reconciliation. • Applies clients’ standing instructions to treatment of selected
• Tracks all stakeholders’ activities against event deadlines. voluntary event types.
• Maintains all documents related to each event and all • Reviews application of entitlements to portfolio accounting
affected accounts. system (where applicable).
• Provides transparency through SS&C GlobeOp’s client portal.
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© 2017 SS&C Technologies Holdings, Inc. PS-270-01