$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
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.
The position is never quite current
Fees are calculated off-system
Statements are a production job
The data costs more than the work
Voluntary elections run on email
T+1 removed the buffer
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.
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.
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.
Real-time positions across client, principal and clearing, pending and confirmed.
Announcements taken from multiple vendors and resolved to one golden source.
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.
01
Exception-only handling removes the reconciliation layer between custody and events.
02
Golden-source data and validated entitlements move error losses toward zero.
03
Rules-based fees and self-service reporting make custodial services profitable to sell.
04
Every movement, election and adjustment logged, reversible and traceable.
05
Add markets, event types and clients through configuration, not a rebuild.