ASX launches real-time corporate actions STP service
16 June 2021 Australia
Image: 4th Life Photography/adobe.stock.com
ASX has completed and launched its real-time corporate actions straight-through processing (STP) service, which enables the processing and delivery of critical information.
The critical information includes dividends to entitlement offers and is delivered almost instantly using ISO 20022 global standard messaging.
Dominic Stevens, ASX managing director and CEO, explains that corporate actions are a “critical feature in capital markets”, with thousands of these events taking place on ASX every year.
The corporate action includes information about dividend and interest payments, and entitlement or buy-back offers, and Stevens says ASX’s solution provides “deeper and richer data for all market participants”.
“This project has achieved its aim to lower the inherent risks for all participants through simplifying, standardising, and removing manual steps in announcement, data capture and support processes,” adds Stevens.
To read more about corporate actions click here, and to learn more about the asset servicing industry in Australia, look out for issue 267 on 7 July.
The critical information includes dividends to entitlement offers and is delivered almost instantly using ISO 20022 global standard messaging.
Dominic Stevens, ASX managing director and CEO, explains that corporate actions are a “critical feature in capital markets”, with thousands of these events taking place on ASX every year.
The corporate action includes information about dividend and interest payments, and entitlement or buy-back offers, and Stevens says ASX’s solution provides “deeper and richer data for all market participants”.
“This project has achieved its aim to lower the inherent risks for all participants through simplifying, standardising, and removing manual steps in announcement, data capture and support processes,” adds Stevens.
To read more about corporate actions click here, and to learn more about the asset servicing industry in Australia, look out for issue 267 on 7 July.
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