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.
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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
We evaluated the global marketplace and found XSP to be the leader in this niche space. XSP’s ten years of expertise in Corporate Actions automation combined with its robust data scrubbing capabilities offers the most comprehensive and extensive solution to address our processing needs. The rich functionality of the XSP product will further enhance our Corporate Actions processing in an automated environment to help us achieve greater levels of straight-through processing (STP).
-Mark Kinsella
Head of Corporate Actions Cantor Fitzgerald Europe
