Automate All Corporate Actions Events, Enabling Prompt Response & Compliance

A multi-market, multi-currency corporate action engine, NOVA Corporate Actions provides processing continuity for corporate events occurring in both domestic and international markets. The inherent flexibility of the platform to create user definable corporate action types and workflow significantly increases STP levels of corporate action processing regardless of the market or corporate action type. The NOVA Corporate Actions can be deployed as a complimentary solution with other NOVA modules like NOVA’s Exception Queue Monitor, to provide a seamless platform or as a standalone solution.

Complete Solution

With the complexity and volume of corporate action events increasing, the NOVA Corporate Actions provides a centralised and reconciled view of corporate actions across all markets, asset classes or currencies.

Simple & Flexible

The platform allows users to define and create corporate action types and workflow instead of depending on development changes, thereby significantly increasing efficiency and enabling faster time to market.

Events Agnostic

The NOVA platform supports corporate actions from cash dividends, bonus issue, share split, consolidation, interest payment and more.

Corporate Actions

Corporate Actions

Benefits

User definable corporate action structure allows for configuration changes rather than development changes; this significantly increases efficiency with a quicker time to market.

Increased operational efficiency via a centralised corporate action processing engine with extensive integration points.

Can be implemented as a stand-alone global / regional / country-specific solution depending on your business requirements.

Key Features

Ability to interface into multiple data vendors for downloading of Corporate Action announcements

Creation of the corporate action event with the ability to support multiple options

Ability to define unique client documentation: entitlement notices, credit & debit advices

Full reverse / redo functionality

Ability to define Client currency and option preferences

User defined multi-currency handling charges

Comprehensive functionality supporting Custody, Claim and Principal Processing Entitlement override and excess entitlement processing with exception alert