JPMorgan Investor Services announced today the launch of a new Internet-enabled tool that aims to simplify corporate actions processing.
Morgan says the new tool will enable fund managers can receive and respond to corporate action notices, sign digitally for sent instructions and bulk instructions using JPMorgan’s proprietary web portal, Treasury & Securities Services Online. The bank adds that a new deadline management tracking function will also enable clients to easily priorities corporate-action response deadlines.
“Investment managers are tasked with addressing increasingly complex and time sensitive corporate actions on a consistent basis. Web-enabled corporate action capabilities along with JPMorgan’s recently announced enhanced proxy services are both examples of the firm’s commitment to providing clients with tools to reduce manual instruction errors and achieve STP,” says Jon M. Divis, Securities Processing Executive, JPMorgan Investor Services.