BNY Mellon Asset Servicing has enhanced its Corporate Actions Online Services offering with the launch of a global web-based notification and response system.
Clients can now view mandatory and voluntary notifications online and submit an appropriate, timely electronic response for either a single account or a consolidated notification for several accounts. Partial and full responses can also be submitted, while previously submitted responses can be withdrawn prior to the event’s deadline.
“Corporate actions risk has been a code red area in the securities industry for many years. We are committed to enhancing our corporate actions processing to improve the efficiency and effectiveness of the organizations we serve,” says Tim Keaney, co-chief executive officer of BNY Mellon Asset Servicing.
“Not only is it very user-friendly but it will also help us to better manage the risks associated with corporate action events,” says David Galli, head of operations for Banca Popolare di Milano.