The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Exchange Data International Adds ISO 15022 Compliant Corporate Actions Feed

Exchange Data International (EDI) has introduced a fixed income corporate actions service based on the ISO 15022 messaging standard. The service is a response to customer interest in moving away from corporate actions services based on proprietary formats and towards services that are compliant with the ISO 15022 standard.

The fixed income ISO 15022 feed complements EDI’s existing equity ISO 15022 corporate actions service. It covers corporate, government bond and government agency issues from 150 countries, including changes to their terms and conditions, and all messages including cash flows, partial and full redemptions and conversions, and defaults and bankruptcies.

The fixed income release has been beta tested and is available on its own or integrated with EDI’s equity ISO 15022 corporate actions service for firms managing both types of instruments. The company is also offering a version of the fixed income corporate actions service including MT568 extended text, which adds additional narrative information to notifications.

Jonathan Bloch, CEO at EDI, explains that the ISO 15022 fixed income corporate actions feed replaces a proprietary format feed and supports the automation of corporate actions data, in turn improving operational efficiency and minimising risk. He adds: “Large investment banks and fund management firms are moving to ISO 15022 feeds in line with their custodians and to improve efficiency in the back office. ISO 15022 feeds are not yet as prevalent as proprietary feeds, but they will become so as more vendors provide them and they are more widely adopted.”

EDI continuously monitors changes made to the ISO 15022 standard and will upgrade its feed from ISO 2014 compliance to ISO 2015 compliance early next year. Bloch expects about 10 existing and new clients to sign up for the ISO 15022 fixed income corporate actions service over the next six months.

Related content

WEBINAR

Recorded Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?

Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG data with traditional financial information, although the compliance burden remains with asset managers. The EU Sustainable...

BLOG

DTCC Increases Transparency of Credit Default Swaps Market with Upgraded CDS Kinetics Platform

DTCC has enhanced its CDS Kinetics data platform to support demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space. The platform provides position data on CDS sourced from DTCC’s Trade Information Warehouse including notional outstanding, net notional, and trading volume metrics on securities including single-name, index, and index...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...