Corporate Action Data Management

The Challenge

Corporate Actions can result in financial

implications for investors, however they always

impact the Investment Process.

Data source management, portfolio

management, trading, operations and

accounting are all buffeted by the sheer volume

and variety of corporate actions.

The administration processes are well

understood and over time there have been many

attempts to ease the burden.

However - truly effective, accurate, timely and

cost-effective processing has proved to be

elusive due to a number of factors:

The variety of data sources – Data

Vendors, Custodians, Corporate

Communications

The difficulty in matching multiple,

disparate data formats and content

The Integration of multiple Investment

Process applications

The management of large and irregular

volumes of work

This has resulted in many Corporate Action data

management processes across the industry

which suffer from:

Extensive manual processing

Inaccurate and late data

Broken process flows

High levels of reconciliation

Expensive processing

The inability to apply adequate audit and

data governance standards

The Bloomberg PolarLake Corporate Action Data Management Solution

The Bloomberg PolarLake Corporate Action Data

Management Solution enables our clients to take

immediate control of their processing environment.

Delivered as a set of services from our Data Utility

the solution:

Manages the relevant Corporate Action data

sources

Visualises and manages workflow through a

Corporate Actions Calendar

Improves data quality through the

application of automated processes and

business rules

Creates Corporate Action Golden Copy Data

Integrates with multiple investment process

applications

Manages costs

Delivers embedded Audit and Data

Governance

Links to the Bloomberg PolarLake Security

Master

Fig. 1 The Corporate Action Management Dashboard

Corporate Action Data Management

Managing Multiple Corporate Action

Data Sources and Formats

The Solution manages multiple Corporate Action

Data Sources including data vendors, custodians

and manual entries sourced from corporate

communication channels.

Integration, matching and arbitration rules are

created and applied to the vendor sources.

These are automated wherever possible and as

a result increase efficiency and reduce

processing time and costs.

A Data Management Workstation enables

clients to search and browse the resulting data.

The Bloomberg PolarLake Data Utility puts

process in place by:

Selecting and managing the required

data sources including Bloomberg CAX,

EDI, SWIFT messaging

Managing and converting standards

such as ISO 15022, ISO 20022 and client

internal formats

Creating and implementing data

selection and management rules

enabling standard processing across

disparate data sets

Delivering notification of new

Corporate Actions and alerting on

missing Custodian Notifications

Fig. 2 Searching and Browsing Corporate Actions

Corporate Action Data Management

Taking Control

Bloomberg PolarLake clients take control of

their Corporate Actions processing through the

Corporate Actions Calendar.

The Corporate Actions Calendar delivers a

complete overview of the current impact on the

Investment Process.

The Calendar shows upcoming actions by date

and volume enabling workflow planning and

impact analysis to be carried out across the

Investment Process from Portfolio Management

to Accounting.

Used as an activity dashboard, it is possible to

investigate the actions in detail through drill-

down functionality.

Fig. 3 The Corporate Action Calendar

The Corporate Actions Calendar:

Displays a dashboard of action activity

by type, volume and date

Provides a workflow planning tool

providing upcoming ex-dates, pay-

dates and deadlines

Delivers an entry point to detailed

action information via drill-down

capability

Is a gateway to exception

management and processing including

4 – eyes management

Enables linking to Security Master

data

Corporate Action Data Management

Golden Copy Data Production and

Management

Corporate Action Golden Copy data is produced

as a result of the source data management,

effective application of business rules and

exception management.

The Golden Copy Data can be viewed, analysed

and linked via the Data Management

Workstation.

This data is then available to be released at the

appropriate point into the Investment Process.

A compete Audit trail of the process is provided.

Managing Golden Copy Actions

All Actions can be browsed, searched and

filtered according to a number of

parameters including type, effective date,

and symbol

Individual Actions are displayed and

formatted according to the selected action

type and or qualifier

Related Actions can be searched and

viewed by listing or by issue. Individual

actions can be selected from the resulting

list

Actions can also be linked via

Company/Entity through the use of

multiple identifiers

Fig. 4 Investigating Related Corporate Actions

Corporate Action Data Management

Corporate Action Data Integration Includes:

All data sourced from Golden Copy

production

Multiple Data formats as required

Client-determined data delivery

timetable

Managed delivery process

Fig. 5 Process Integration

Total Process Integration

Once the Golden Copy Corporate Action data has

been created and released, it is available for

distribution across the Investment Process:

Portfolio Management

Trading

Operations

Accounting

The data can be delivered in multiple formats

determined by the client’s processing

applications. However the data is formatted, it is

the result of the Golden Copy process and the

fully audited data quality level is applied across

the Investment Process.

For More Information

BloombergPolarLake.com Dublin +353 1 449 1010 info@bloomberg polarlake.com

London +44 20 3525 1025 uk@bloomberg polarlake.com

New York + 1 646 324 8100 usa@bloomberg polarlake.com

Singapore +65 6212 1536 asia@bloomberg polarlake.com

Sydney +61 477 004 769 asia@bloomberg polarlake.com

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Corporate Action Data Management

The Business Benefits

On – Boarding to the Bloomberg PolarLake Corporate

Actions Data Management Solution brings immediate

benefits to our clients:

Data Quality is increased and Operational Risk is

reduced through a fully-monitored and managed

environment

Users benefit from an industrial-strength

solution which gives access to a uniform,

centralised source of accurate Corporate Action

data

Our Clients retain full control of their business

environment defining their own business rules

and the application of golden copy Corporate

Action data

Operations staff are removed from time-

consuming and error-prone manual processes

concentrating on applying their data knowledge

to the processes and supporting business users

Data Governance and Audit demands can be

simply met

Costs are reduced by an increase in efficiency,

reduction in errors and improves application of

staff

The Bloomberg PolarLake Data Utility

The Corporate Action Data Management Solution is

delivered via the Bloomberg PolarLake Data Utility – a

private cloud hosted service.

The Data Utility delivers multiple data management

benefits to our clients:

Simplifying Data Management through

centralised cleansing and management of vendor

data feeds; applying established operational and

control processes and rapidly integrating both

client data and business processes

A Complete Data Service Utility delivered

through expansive data vendor coverage and

breadth of data sets

A Production Proven, Industrial Strength 24 x 7

environment delivering global support to our

clients and removing the need to enter into

costly application software and IT infrastructure

projects