HSBC Securities Services Successfully Automates Corporate Actions Processing with CheckFree eVent

The CheckFree eVent implementation is a key component of HSSs strategic technology architecture project, which enhances its market-leading investment administration platform. In addition to automating corporate actions processing, the solution delivers successful implementation of ISO15022 messages and market practice. HSS is now able to create an electronic golden record of any announcement, by automatically processing and comparing announcements from custodians in ISO 15022 formats and corporate actions data vendors. CheckFree eVents exceptions management and audit capabilities have also further strengthened operational controls within HSS. At HSS, the CheckFree eVent solution replaces the market norm of numerous business teams receiving announcements in manual forms (e.g., email, fax or letter), which leads to time-consuming and control-challenging processing.The move to create a dedicated team focused on corporate actions processing also enables resources in other business units to focus on the subsequent tasks of onward processing of events such as fund manager notification, decision capture and instruction processing.