Custody & Corporate Actions Automation | One Book of Record

CUSTODY · CORPORATE ACTIONS

One position.
Every event that moves it.

Custody holds the client’s position. Corporate actions rewrite it. When those two live in separate systems, the reconciliation between them is where cost, claims and audit findings come from. NOVA CMX runs both on one book of record, so the entitlement and the holding are never two different numbers.

What asset servicing costs today

$14m

average direct annual cost per firm from corporate action errors

Value Exchange, 2025

46%

of corporate actions data is still processed by hand

SIX whitepaper

51%

of the cost is sourcing and validating data, not processing it

Value Exchange, 2025

25%+

growth in asset servicing volumes year on year, on flat budgets

Broadening Asset Servicing, 2025

Why they belong together

Two functions,
one number.

Custody is a statement of what a client owns. Corporate actions are the events that change it – a dividend, a split, a rights issue, a reconstruction. Run them apart and every event becomes a handoff: an entitlement calculated in one system, a holding adjusted in another, and a reconciliation to prove they agree.

Most firms carry that reconciliation as permanent headcount. It is not a data problem or a people problem. It is an architecture problem, and it disappears when the event and the position share a book of record.

NOVA CMX AT A GLANCE

Layer
Back office
Positions
Real time
Events
Mandatory · voluntary
Coverage
Multi-market
Segregation
Client · principal · clearing
Data
Golden source

Where the cost actually sits

Six problems every asset servicing head recognises.

Custody

The position is never quite current

Custody

Fees are calculated off-system

Custody

Statements are a production job

Corporate actions

The data costs more than the work

Corporate actions

Voluntary elections run on email

Both

T+1 removed the buffer

WHAT NOVA CMX DELIVERS

Exception-only, by default.

Custody

Real-time positions across client, principal and clearing, pending and confirmed.

Transfers, deposits and earmarking processed immediate or pending, on instruction.

Service fees calculated on rules, with statements generated on schedule or ad hoc.

Corporate actions

Announcements taken from multiple vendors and resolved to one golden source.

New event types configured, not coded, with their own workflow per market.

Notices, elections and advices issued against each client's standing preferences.

Where they join

Entitlements posted straight to the holding - no interface, no reconciliation.

Claims and excess entitlements identified and controlled automatically.

Full reverse and redo with a complete audit trail on every event.

Custody

Real-time positions across client, principal and clearing, pending and confirmed.

Corporate actions

Announcements taken from multiple vendors and resolved to one golden source.

Where they join

Entitlements posted straight to the holding - no interface, no reconciliation.

Transfers, deposits and earmarking processed immediate or pending, on instruction.

New event types configured, not coded, with their own workflow per market.

Claims and excess entitlements identified and controlled automatically.

Service fees calculated on rules, with statements generated on schedule or ad hoc.

Notices, elections and advices issued against each client's standing preferences.

Full reverse and redo with a complete audit trail on every event.

Positions move automatically from trading, settlement, stock lending and margin as well as corporate actions. One engine sees every movement, so the custody record is correct without anyone confirming it.

The C-suite outcome

Take asset servicing off the risk register.

01

Lower cost-to-serve

Exception-only handling removes the reconciliation layer between custody and events.

02

Event risk priced out

Golden-source data and validated entitlements move error losses toward zero.

03

Custody as a revenue line

Rules-based fees and self-service reporting make custodial services profitable to sell.

04

Audit-ready by default

Every movement, election and adjustment logged, reversible and traceable.

05

Volume without headcount

Add markets, event types and clients through configuration, not a rebuild.

Capital markets - engineered

The holding and the entitlement, on one book.

We will take one event type through your own volumes and show what stops being manual when custody and corporate actions share a system.

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