UC-397
Corporate Action Golden Record & Elections
Reads every issuer and agent notice for a corporate action, builds one scrubbed record and tracks each client election to the deadline.
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The Challenge
The same corporate action arrives from three vendors, a custodian and the issuer, and the terms disagree. Scrubbing is manual, deadlines are short and a missed election is paid for out of the firm's own money.
How It Works
- Reads issuer notices, agent circulars, custodian messages and multiple vendor event feeds.
- Compares every field across sources, resolves conflicts by hierarchy and flags what disagrees.
- Publishes one scrubbed event record and chases each election ahead of the response deadline.
What It Removes
- Comparing vendor notices field by field on screen
- Rekeying event terms into the asset servicing system
- Chasing client elections by phone before the deadline
Input Data RequirementsIssuer notices and agent circulars, custodian event messages, vendor event feeds, holdings and entitlement records, client standing instructions
Output FormatScrubbed golden record per event with a source-by-source difference log, entitlement calculation and an election tracker against each deadline
“Three feeds, three different record dates. Someone has to decide which one we act on, and it is always the same someone.”