Corporate Actions

The Torstone Platform automatically processes incoming corporate action data and provides a user-friendly event diary and workflow system.

Users can review corporate action data and then generate advice notices for clients that detail the corporate action and any action the client needs to take. These notices are automatically e-mailed to the clients containing details of their holdings. Consolidated tax voucher statements can also be generated automatically for clients.

Corporate action postings are largely automated, including all dividend accruals and payments, and automatic adjustment of open trades based on transformation messages received from a CSD such as CREST.

Features

  • Event Data Management
  • Entitlement Processing and Calculation
  • CSD and Custodian Posting
  • Claim Management
  • Transformations
  • Withholding Tax Calculation

Benefits

  • Focus on straight-through processing to reduce manual workload
  • Direct integration with CSDs and Custodians
  • Flexible real-time integration through REST APIs improve automation and event processing