Evergreen Investments has chosen Xcitek’s XSP for its corporate actions system.
“The implementation of XSP at Evergreen provides us with a tool that enhances operational efficiency and control for our current Corporate Actions process,” said Marcus Spero, vice president of investment services at Evergreen. “During our extensive analysis of Corporate Actions software providers, we found XSP to offer a robust and flexible solution that fits our processing workflow.”
Accredited with the SWIFTReady Corporate Actions Label, XSP is ISO15022 compliant and features comprehensive data scrubbing tools, workflow management modules, web and ISO messaging for client notification and response capture, and complete entitlement processing.
Utilizing its rules-based, data-scrubbing engine with built-in exception handling capabilities, XSP captures and sanitizes data from multiple vendor sources and custodian data. Through workflow tools, tasks are automatically routed to designated parties to handle the required action.
XSP also offers the ability to track event notifications and elections via its web-based module, eTRAN, by generating notifications to intermediaries for desired elections. Instructions are automatically updated to the back-end system for reconciliation and entitlement processing.