Post-trade software provider Information Mosaic has enhanced its corporate actions automation solution to prepare market participants for TARGET2-Securities (T2S), the harmonized settlement platform for the Eurosystem.
IMActions version 6.3 includes advancements in the areas of market claims, buyer protection and transformations to enable depositories and central banks and banks to comply with T2S and European Banking market standards on corporate actions. Specifically the new version includes new functionality for directly addressing corporate actions risk mitigation, omplete event type and market coverage, enhanced generation of notifications and instructions, increased capability for automatic reconciliation, and the provision of tighter controls for client allocation.
Information Mosaics IMActions product manager, Vikas Sahni, commented: This latest release of IMActions is based on client feedback and reflects our significant investment in Research and Development to help our customers comply with the latest industry challenges and impending regulation. The corporate actions enhancements around T2S add to our comprehensive securities and cash processing solution for this industry initiative, providing banks and depositories with clear and achievable migration path to the new settlements system.
IMActions was first launched in 2002.
(JDC)