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Business transactions

Updated 26 February 2010

Corporate actions

After the settlement and custody of securities, another major securities business activity is the management of corporate actions. In recent years, there has been increasing focus on automating the processing of corporate actions because of the risk associated with the high level of manual processing.

 


Corporate action messages are designed to reduce the risks involved, by providing for the:

• unambiguous reporting of the nature of the event
• options available to the shareholder, response deadlines
• specific impact on a safekeeping account

In order to help the European market infrastructures become Giovannini compliant in 2011 and at the request of other market players, SWIFT Standards has reverse engineered the ISO 15022 Corporate Action messages into ISO 20022.

• Inventory of MT and MX messages (PDF)