SWIFT’s custody and asset servicing offerings include:
SWIFT’s Corporate Actions solution combines ISO 15022 messaging standards and SWIFT connectivity to enable the standardisation and automation of corporate actions communication flows between information sources, market infrastructures, local agents, global custodians and investment managers. The solution is enabling financial institutions to reduce the costs and risks associated with processing corporate actions, and to build scale for this important function. In virtually all markets, ISO is replacing proprietary standards and is now the lingua franca for corporate actions.
Information is typically exchanged between a client (investment manager) and a financial institution (custodian) to provide details of activity and holdings in an account.
SWIFT supports Securities Reporting messaging through our ISO 15022 message standard offering:
SWIFT and SmartStream, the financial Transaction Lifecycle Management specialist, have partnered to enable financial institutions to communicate with SmartStream’s TLM OnDemand Software as a Service (SaaS) reconciliation service via SWIFT. Existing SWIFT customers can reuse their SWIFT infrastructure to use SmartStream’s service, reducing transaction breaks, operational risk and time to process transactions, while maximising their return on investment and minimising total cost of ownership (TCO).
SmartStream over SWIFT