Corporate actions - Advanced processing

Published on August 11, 2009
Learning channels: Classroom course  On-site training

The growing adoption of ISO 15022 based messaging by the Corporate Actions industry is encouraging, but the goal of true STP seems to be out of reach. The announcement message accommodates over 60 different event types so it must be flexible in definition. However, in practice there is a tremendous amount of variation in content and format. In this context, industry defined market practice becomes essential to achieve efficient processing.

The Securities Market Practice Group’s guidelines are key for any organisation seriously involved in reducing inefficiency and risk in corporate actions messaging.

This course will cover the scope of corporate actions problems, survey initiatives for improvement, and bring you up to date on major market practice guidelines. It will also illustrate how you can use the Simulation Testing and Qualification Service (STaQS) to perform an in-depth health check on your message formatting and precisely assess your data consistency with globally agreed market practice.


Audience

Business analysts, IT staff, operations supervisors and managers, Corporate Actions division personnel from institutions such as custodians, securities market infrastructures, investment/asset managers, data providers and broker/dealers.

Prior knowledge

We strongly recommend you have previously attended the session ‘Corporate Actions - ISO 15022 messages’ or have equivalent experience (minimum 3 years).

Duration

The course duration depends on the learning channel you choose:
  • Classroom course: 1 day
  • On-site training: as per your requirements


You will learn how to:

  • Interpret and implement the Event Interpretation Grid
  • Assess compliance with DvE guidelines ahead of Standards Release 2010
  • Use the testing service STaQS for Corporate Actions
  • Start preparing for future SWIFT standards including ISO 20022
  • Keep abreast of the main industry associations and market infrastructures standardisation initiatives
  

Course content

  • Current industry challenges
  • A detailed description of SMPG market practice documentation
  • Compliance assessment of real life Corporate Actions messages
  • Features of the Simulation Testing and Qualification System (STaQS)
  • Introduction of ISO 20022 Custody, Proxy Voting and Issuer’s Agent messages
The course will encourage interactivity through a combination of practical case studies, group activities, demos and Q&A sessions.