SIX is helping clients track and process upcoming corporate action events cost effectively with an automated Corporate Action Calendar. Corporate actions covered by the calendar include mergers and acquisitions, dividends, and stock buybacks across all portfolio companies.
The calendar, which is displayed through SIX iD, the company’s intuitive data display tool, is a response to increasing client demand for more automated corporate action solutions. To date, monitoring corporate actions has been a labour-intensive process costing the back-office departments of asset managers, investment banks, custodians and clearing houses significant time and money.
By providing user-friendly visualisation of a complex data set, SIX expects to transform the way corporate actions are dealt with across the industry. “With cost pressures biting amid global macroeconomic uncertainty, this innovation could not come at a better time for clients. It provides a cost and time-effective solution,” says Annelotte De Nanassy, senior product manager, financial information at SIX.
Integrating the SIX Corporate Action Calendar is quick and easy, allowing clients to start realising the benefits almost immediately. Clients import their investment portfolio into the SIX iD Corporate Action Calendar, which then displays the data in its interface. The platform automatically flags any relevant changes to upcoming corporate actions impacting the securities in the portfolio in a timely manner, helping teams prioritise workloads and improve operational efficiency.
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