The XSP Entitlement module easily interfaces with existing back-office or accounting systems, enabling financial institutions to automate their entire calculation of Corporate Action entitlements. The XSP Entitlement module provides a highly-scalable and flexible entitlement calculation system, completing the Corporate Action lifecycle for true end-to-end straight-through processing (STP).

XSP Corporate Actions entitlements can be calculated according to the user's preferences, based on any combination of event type, recipient profile or country of issue. Corporate Action entitlements are automatically calculated during the holdings match process. Mandatory Corporate Actions entitlements are based on the eligible units determined by the user's business rules, voluntary or optional Corporate Actions are instantly calculated based on option and payment details and actual entitlements are calculated when the user has elected their desired option.

Entitlement data elements can be included on the notification sent to the account recipient or investment officer. Entitlement data can also be displayed via eTRAN™, XSP's web-based, electronic notification and response capture and tracking tool, enabling decision makers to view details of their corporate actions and submit instructions on voluntary and optional corporate actions in real-time, 24/7, for end-to-end STP.