T在这里 are several large-scale modernization programs underway across 存, designed to deliver automation improvements that will benefit clients and stakeholders. 存’s new position paper, “Automating the Sourcing of Corporate Announcements from Agents and Issuers,” outlines several solutions that are in development at 存 to transform certain manual processes that are deeply embedded within Corporate Actions, including automating touchpoints in the securities lifecycle and enhancing collaboration between 存 and external parties.
存’s paper follows on the heels of recent research from SIFMA’s Operations & Technology Committee and Ernst & Young LLP， "U.S. Corporate Actions Standardization Position Paper,” which delivered a call to action to modernize and standardize Corporate Actions event processing for industry members and investors. Additionally, ISSA’s paper, “Corporate Actions Data Sourcing – The Case for a Standardized, Automated Single Source Model”, focused on the same challenges from a global perspective. While the SIFMA and ISSA papers highlighted the need for greater automation, 存 is looking for specific ways this can be achieved, especially within a more collaborative and automated Corporate Actions structure.
存’s paper proposes the development of two new platforms:
- A modernized GUI interface / portal that provides templates for each Corporate Action event type that Agents and Issuers can use when transmitting event information to 存.
- Standardized automation via API / messaging, which will use the same templates as the 存 portal and will allow for two-way accessibility for Issuers and Agents to confirm missing event data.
The workflows embedded within Corporate Actions result in more than 3.7 million event announcements annually, ,目前, the process of announcing and allocating Corporate Actions events involves a significant amount of manual back-and-forth communication and coordination between The Depository Trust Company (直接转矩) and external parties.
“存 is well-positioned to help improve these inefficiencies and change how Agents and Issuers interact to deliver even more timely and accurate Corporate Actions Announcements,安·玛丽·布里亚说, 存董事总经理, 资产服务. “存 has spent the last 13-plus years adopting global market standards and creating widespread adoption to the ISO 20022 standard. 考虑到美国.S. market is communicating Corporate Actions information using this standard, 存 believes this model should also be used to receive this information directly from the agent entity source.”
正如论文所强调的那样, 直接转矩 has supported certain Corporate Actions processes for almost 50 years, but even as the complexity of events and the data contained in announcements have evolved, the processes themselves have not changed considerably.
“Our goal is to bring to market an isolated testing environment in the coming months w在这里 users can submit announcements, but without affecting the production application,帕特里克·巴特尔说, 存执行董事, 资产服务. “最终, the objective is to revamp the processing structure to provide a more reliable, 可持续发展的, and secure foundation for the future processing landscape.”
阅读存的立场文件 在这里.