A-Team Insight Blogs The latest content from across the platform
SWIFT Launches SSI Initiatives to Reduce Settlement Errors and Increase Automation
SWIFT, the financial messaging provider for more than 9,500 financial institutions and corporations in 209 countries, today announced the roll-out of a range of new initiatives designed to reduce costly settlement errors and improve the rates of automation of Standing Settlement Instructions (SSIs). SWIFT’s initiatives are a response to the industry need for greater efficiency…
Moody’s Corporation Names Salli Schwartz Interim Vice President, Investor Relations
Moody’s Corporation announced today that Salli Schwartz has been named interim Vice President – Investor Relations. In this position, Ms. Schwartz will be responsible for outreach to Moody’s current and prospective shareholders and will manage Moody’s Investor Relations team. “Salli’s extensive knowledge of Moody’s businesses, combined with the perspective provided by her diverse experience in…
HSBC Live on Broadridge’s SWIFT MX Proxy Voting Message Service
Broadridge Financial Solutions, Inc. today announced that HSBC is the first live operational user of the new SWIFT MX Proxy Voting Messaging Suite using Broadridge’s global proxy processing solution. The SWIFT messages, based on the latest ISO 20022 messaging standard, are a new generation of SWIFT-based communications designed to increase processing efficiency throughout the proxy…
MoneyMate Expands North American Operations
MoneyMate, a leading provider of investment data quality management solutions, today announced the continuing expansion of its operations in North America with the opening of a new office in Boston. MoneyMate has also appointed industry veteran Stephen B. Kraunelis as Senior Vice President, North American Sales. Mr. Kraunelis will be based in Boston. With 20…
Hauck & Aufhäuser Investment Gesellschaft S.A. in Luxembourg Goes Live with Profidata’s XENTIS
n December 2010, Hauck & Aufhäuser Investment Gesellschaft S.A. (HAIG) in Luxembourg successfully went live with XENTIS, the fully integrated Investment Management System of the Swiss software provider Profidata, to support their sophisticated Fund Accounting needs. The implementation project started in February 2010, and by August, the first funds were migrated from the legacy system…
MiFID Transaction Reporting Group Meeting Highlights UK Specific Client and Counterparty ID Challenges
The UK is likely to face a significant challenge in the identification of clients and counterparties at an individual level on a national basis, as specified by the current proposals under the auspices of the MiFID review, according to participants at this week’s MiFID Transaction Reporting Group meeting. Rather than opting for firm level identification…
BNY Mellon Asset Servicing Launches New Fair Value Pricing Offering
BNY Mellon Asset Servicing has announced the launch of its new Fair Value Pricing offering, allowing clients to undertake a revaluation of equity and futures positions in markets that have closed prior to the valuation point of the fund. Principal benefits include: • More accurate asset valuation and hence a more accurate fund NAV •…
Swift’s Recently Promoted Vandenreydt Calls for Global Coordination of Legal Entity ID Standards
Following its recent submission to the US Office of Financial Research (OFR) on the subject of legal entity identification, Swift’s Fabian Vandenreydt speaks to Reference Data Review about why he feels Europe and the US are on the same page with regards to standardisation of this space. Vandenreydt, who was recently promoted to head of Securities and…
Liquidity Monitoring and UCITS Limits with MIG21
Princeton Financial Systems’ (PFS) MIG21 facilitates the implementation of two major UCITS IV requirements, as specified in Commission Directive 2010/43/EU of 1 July 2010, Chapter VI. The first requirement is the development of a liquidity management process in order to monitor liquidity risks. The second requirement is the establishment of a limit system to monitor…
Number Crunching
For those of you put off by the thought of wading through the responses received by the Office of Financial Research (OFR) last week on the subject of legal entity identification (or even reading through our rather lengthy and comprehensive guide on the subject), here are a few headline numbers to make it more easily…