A-Team Insight Blogs The latest content from across the platform
Swift to Launch Corporate Actions Pilot Scheme for ISO 20022 Messages in December, Seeking Out Willing Participants
In line with its 2015 strategic focus on corporate actions, industry network operator Swift has announced that it will begin piloting its new ISO 20022 messaging system in December this year. The pilot will include the 13 new corporate actions messages that have been reverse engineered by Swift from ISO 15022 messages, 22 issuer agent…
BNY Mellon Asset Servicing Enhances Reporting for Institutional Investors Required to Report Ratings of Counterparties
BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench platform to help institutional investors comply with new accounting standards that require them to report the industry ratings of their counterparties when over-the-counter (OTC) derivatives are held. These enhancements were specifically designed to help US Government reporting clients meet the requirements…
The Consolidated Tape Iceman Cometh
We read the latest CESR advice on transaction reporting with alarm. In short, it suggested that the market had failed to find its own solution to the challenge of transaction reporting in a fragmented liquidity environment. But has it? Since the implementation of MiFID in 2007, the market has seen the launch of a specific,…
Swaps Financial Group is First to Pilot Principia Partners’ SaaS Platform, Long is Hopeful of its Appeal for Smaller Players
Structured finance and derivatives solution specialist Principia Partners has just launched its new software as a service (SaaS) platform for valuations and risk management, following a year of development with early adopter US derivatives advisory firm Swaps Financial Group. The new delivery model is targeted at the smaller end of the financial institution spectrum and…
CESR’s Advice on Transaction Reporting Accepts High Cost of the Introduction of New Entity Identifiers, the BIC Will Have to Do…
As part of its overall technical advice to the European Commission on the subject of MiFID, the Committee of European Securities Regulators (CESR) has indicated that although the introduction of a “meaningful” and unique pan-European legal entity identifier for transaction reporting purposes is desirable, it isn’t practical in the short term. In its package of…
Swift’s Aggarwal Confirms the Securities Reference Data Items that Have Made the Cut in the New 2015 Strategy
Financial industry network operator Swift has finally signed off its new five year strategic plan, but how many of the reference data items mentioned by securities head Chris Church back in January have made the final cut? Arun Aggarwal, Swift’s managing director for the UK, Ireland and the Nordics, explains to Reference Data Review that the development of…
Strate Completes Corporate Actions Automation Project for South African Market with TCS
Four years ago, South African central securities depository (CSD) Strate launched its project to automate its equity corporate actions processing and, a year later, in September 2008 it engaged the services of Tata Consultancy Services (TCS) to develop the new system. Following a period of development and testing, the system has now gone live and…
Video: Virginie O’Shea Talks to Swift’s UK, Ireland and Nordics MD Arun Aggarwal
Contextualising Swift’s 2015 Strategy: Arun Aggarwal, managing director of UK, Ireland and the Nordics for Swift, discusses the network operator’s new five year plan for the securities market and how the Bank Identifier Code (BIC), standards and corporate actions feature. Video of 13766090
Fiserv Selects Omgeo ProtoColl as Collateral Management Solution
Fiserv, a provider of financial services technology solutions, today announced that it will utilise Omgeo ProtoColl as its dynamic collateral management solution. Using Omgeo ProtoColl, new and existing Fiserv customers on the TradeFlow platform will be able to automate their collateral management process, handle numerous asset classes and increase visibility into credit exposure to mitigate…
Rana Joins XSP as Senior Business Analyst for EMEA in London
XSP announced today the appointment of Harry Rana as senior business analyst for EMEA. Rana will be responsible for supporting the expanding EMEA sales programme and client base for the XSP Corporate Actions software platform in a pre-sales and business analyst capacity. Based in London, Rana will report to Neil Sheppard, managing director and chief…