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

Exchange Data International Adds ISO 15022 Compliant Corporate Actions Feed

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: A practical guide to dual UK and EU regulatory reporting as the Temporary Permission Regime comes to a close

Date: 19 July 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The Temporary Permission Regime (TPR) allowing capital markets participants in the European Economic Area (EEA) to continue to operate in the UK post Brexit will be withdrawn by the end of 2023, calling on firms that want to stay...

BLOG

BankInvest Selects IHS Markit EDM Managed Service to Support Next Phase of Growth

Danish asset manager BankInvest has selected IHS Markit’s enterprise data management (EDM) managed service as part of a transformation based on an increase in market share over recent years and designed to upgrade operations systems to support the next phase of growth. The firm already uses the vendor’s corporate actions solution. The IHS Markit EDM...

EVENT

ESG Data & Tech Summit

The inaugural ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...