Wolters Kluwer launches Cap DATA NOW
29 May 2024 Netherlands
Image: AI Farm
Wolters Kluwer has launched their Cap DATA NOW solution, an extension to the company’s capital changes functionality, specifically aimed at accommodating the shortened T+1 settlement cycle.
The solution aims to facilitate straight-through processing of securities trades by automating the complete lifecycle of essential corporate action tax details.
Chuck Ross, vice president and segment leader, Investment Compliance at Wolters Kluwer Compliance Solutions, comments: “The move to a shorter settlement turnaround time as reflected in the T+1 rule presents significant challenges to brokers and requires the kind of nimble, robust automation functionality that Cap DATA NOW provides to help market participants comply.”
The solution aims to facilitate straight-through processing of securities trades by automating the complete lifecycle of essential corporate action tax details.
Chuck Ross, vice president and segment leader, Investment Compliance at Wolters Kluwer Compliance Solutions, comments: “The move to a shorter settlement turnaround time as reflected in the T+1 rule presents significant challenges to brokers and requires the kind of nimble, robust automation functionality that Cap DATA NOW provides to help market participants comply.”
Next clearing and settlement article →
Clearstream joins ECB trials to explore DLT for central bank money settlement
Clearstream joins ECB trials to explore DLT for central bank money settlement
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
