SWIFT has awarded SmartStreams corporate actions product the SWIFTReady Application label.
Filip Versluys, head of Partner Marketing, SWIFT, says: We are pleased to award the SWIFTReady Application label to SmartStream for TLM Corporate Actions V10. SWIFT certifies selected applications that meet our strict standards and requirements. Clients will benefit from SmartStreams expertise as well as from SWIFTs services.
TLM Corporate Actions V10, with certified SWIFT messaging capabilities, allows clients to process corporate actions information in line with global and specific national market practice requirements, whilst at the same time providing the flexibility to interpret and process custodian data with specific interpretations of message formatting.
Alan Jones, head of Corporate Actions Product Management, SmartStream, explained that every year, SmartStream updates the base configuration within TLM Corporate Actions to meet the predefined event interpretation grid updates to ensure that clients instantly benefit from SWIFTs messaging updates.
Following a rigorous and intensive testing period we are proud to have passed this stringent criteria, which further endorses our commitment to the industry and our clients, said Jones. It is our goal to continue delivering proven technology to help our clients tackle the barriers to STP and maximise operational efficiencies associated with corporate actions processing.
(JDC)