Business transactionsUpdated 6 June 2008
Proxy voting
SWIFT Standards has developed in consultation with issuers, proxy voting agents, regulators, tabulators, institutional investors, custodian banks and central securities depositories a new set of MX messages to automate the entire proxy voting life cycle.
The standard delivers a structured framework for the proxy voting business and will contribute to improve straight-through processing in this area. It has been available for live usage on SWIFTNet since 15 December 2007.
The SWIFTNet Proxy Voting solution consists of eight messages that cover the complete end to end information and action flows between the issuers, their agents and the parties holding the right to vote, involving as many intermediaries as necessary.
The messages include the announcement, voting and result dissemination process. They can be used to notify the meeting, to register participation, to appoint a proxy or meeting attendee, to register or block securities and/or to cast an actual vote. In addition, they also allow for the confirmation of the vote acceptance at the shareholders meeting and the dissemination of the final voting results after the meeting.
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These UNIFI (ISO20022) compliant messages offer a preferred solution to the current intermediary proxy voting MT 56x messages in ISO 15022.
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