Advent Corporate Actions
Straight Through Processing with Advent Corporate Actions
Advent Corporate Actions® (ACA) produces detailed reports, facilitates elections of mandatory with option events, and creates Axys-ready transactions using data from CCH Incorporated, Xcitek, FT Interactive Data and Telekurs Financial. Advent® specialists analyze and confirm details such as cost basis, taxability, and specific data elements required by Axys®, Advent's portfolio management and reporting system. Transactions are downloaded automatically to the Axys Trade Blotter or are available as a text file. Clients also receive daily reports showing corporate action stories for voluntary, mandatory, US and non-US corporate actions. Key features of ACA are:
- Consolidated data from multiple vendors
- Custom reports based on holdings, plus an online link to a full universe of securities data
- Transactions for US mandatory events with automated fair market value, cash-in-lieu, and cost basis updates
- ACA Alerts provide revision notifications and processing tips
- Access to a dedicated staff of Corporate Actions Specialists
Expand the Business without Increasing Costs
ACA enables firms to automate and simplify the tedious, error-prone process of manually tracking and processing corporate actions. Corporate action events are processed on a timely basis, allowing firms to maintain accurate cash and securities balances, reduce settlement risk, produce client statements and performance results earlier, and ensure compliant trading. ACA increases back office efficiency and operational scalability helping firms to grow their businesses exponentially while minimizing cost.
(Available only in North America)