The XSP SWIFT ISO Messaging module allows users to accept and generate SWIFT ISO 15022 formatted messages for inbound/outbound communication of Corporate Actions notices, instructions, confirmations and entitlements.
Awarded with the SWIFTReady Corporate Actions Label, the XSP solution adheres to the strict criteria set by SWIFT while conforming to the best process initiatives defined by the Securities Market Practice Group (SMPG).
The XSP solution enables financial institutions to accept, generate and interpret Corporate Actions data from any vendor or custodian that can deliver messages in the ISO 15022 format, for all Corporate Actions communications. These messages include:
MT564 – Notification
MT565 – Instruction to a Custodian
MT566 – Confirmation
MT567 – Status and Processing Advice
MT568 – Narrative Supplementary Information
ISO Lifecycle within XSP Example of a Complex Exercise of Rights
A Committed Partner, Leading Industry Standards
With more than ten years' industry experience and extensive SWIFT ISO knowledge, XSP's dedicated SWIFT team is committed to providing the highest standards of SWIFT ISO 15022 messaging compliance for Corporate Actions processing. As Co-Chair of the Institutional Trade Communication International Operations Association (ISITC) Corporate Actions Working Group, active participant and contributor of various divisions of the Securities Industry and Financial Markets Association (SIFMA), and the preferred SWIFT Solutions Partner for Corporate Actions, XSP is committed to delivering all ISO data mapping updates and changes to its client base prior to the implementation of the changes by SWIFT. XSP also provides impact analysis documents to enable its clients to stay abreast of all market changes and future ISO developments.
Literature Request
To learn more about how the XSP software can mitigate your risk in Corporate Actions processing, contact us today for our product literature.
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What our clients are saying
As we expand our business into new areas, it became clear that we needed to enhance our corporate action reporting processes. We are constantly upgrading and improving our IT infrastructure and decided the XSP application provides the best platform to support our strategic goals. XSP was the logical choice because they are the market leader in automating corporate actions and have a successful implementation track record.
- Nicholas C. Rubino
Executive Vice President and Chief Operations Officer Daiwa Capital Marketson the renewal of XSP at Daiwa
As we expand our business into new areas, it became clear that we needed to enhance our corporate action reporting processes. We are constantly upgrading and improving our IT infrastructure and decided the XSP application provides the best platform to support our strategic goals. XSP was the logical choice because they are the market leader in automating corporate actions and have a successful implementation track record.
