About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

JPMorgan to Roll Out New Corporate Actions Reporting

Subscribe to our newsletter

JPMorgan Worldwide Securities Services has completed a pilot of Announcement Capture, a new service which captures global corporate actions announcements from multiple sources and generates a “golden record” for client reporting purposes.

Announcement Capture is part of JPMorgan’s global STP programme to standardise, consolidate and deliver timely, comprehensive and accurate corporate actions announcement information to clients.

The service collects and compares global corporate actions announcements from a variety of sources including daily automated vendor feeds, major market sources as well as the bank’s own sub-custodian network. If there are no discrepancies between the sources and full validation checks are met, the information is passed on as the golden record in Swift formats.

Discrepancies are flagged up by JPMorgan’s Bournemouth-based corporate actions team which then will contact Issuers and local market information providers to resolve the difference and agree the golden record.

“Formulating the golden record of a corporate action historically has been a labour-intensive process,” says David Kane, JPMorgan Worldwide Securities Services’ operations executive. “Now that the pilot programme has been a success, we are rolling out Announcement Capture across the 90-plus markets where we support our clients’ investments.”

The need for more efficient corporate actions processing was highlighted during a conference session at the Sibos event in Boston earlier in October, where a number of custodians described their own internal efforts to improve their corporate actions operations.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to optimise the business value of your data using agile data governance

Data governance is transforming from a risk management and compliance tool with limited and prescriptive controls, to a solution that can help you optimise the business value of your data. In this role, data governance must scale to manage rising volumes of data, more and different data types, and changing user requirements, while continuing to...

BLOG

Bloomberg Wins A-Team Group Award for Most Innovative ESG Data Solution

Bloomberg has won the award for Most Innovative ESG Data Solution in A-Team Group’s Innovation Awards 2022. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets. Bloomberg’s ESG data solution was selected as a...

EVENT

RegTech Summit Virtual (Redirected)

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...