SIS SegaInterSettle has enhanced its corporate actions service offering, providing client notification letters in three languages.
With the new CAES Utilities service, client notification letters and the corresponding reply letters are generated for all voluntary and special actions which the company gains knowledge of. This applies to as many as 80,000 securities issued in 58 different countries. The letters made available to the SIS clients are enriched with additional information on legal and tax related aspects, restrictions etc.
Additionally, the SIS client can create a shopping list with all relevant ISINs. As soon as SIS SegaInterSettle has established client notification letters concerning an event for one of these ISINs, the client is informed via email. The letters are offered in English, German and French and can be adjusted both in terms of content and layout. SIS SegaInterSettle is thus responding to the needs of its participant banks. CAES Utilities users can download the letter templates directly from the Internet. There is no need for them to make any technical adjustments! A Onetime Password Token protects clients against unauthorised access.
Further, SIS SegaInterSettle is already working on further enhancements to the new CAES module. In a next step, CAES Utilities will allow the user to have client data and account information scanned automatically into the client notification letters.