ISSA REPORT ON CORPORATE ACTIONS

Presented by: Monica Singer, Strate Ltd.

Agenda

Key Principles and Objectives

Global Issues and Participation

Next Steps

Golden Copy

Objective

Key Principles and Objectives

Global Issues and Participation

Next Steps

Golden Copy

Key Principles

Achieve Straight-Through Processing (STP) utilising ISO Standards

Issuer Sourced Information in structured fields

Unique identifiers

Timelines of Notification

Process harmonisation within and across markets

Publication of Event Rules

Protecting investors' rights

Objectives

To synthesize existing and emerging global industry initiatives on corporate

actions processing and thereby publish principles that would facilitate risk

reduction, efficiency, investor protection, and issuers’ ability to reach a broad

investor base, highlighting gaps in current practices and areas that would benefit

from concerted action.

 To facilitate the alignment of efforts among the various industry groups and

advocate these principles globally to relevant stakeholders — the entire securities

investment industry, issuers and their agents, and regulators —and facilitate the

monitoring of issues and developments in key markets around the world, with

respect to the principles.

 To highlight recommended practices being implemented or planned around

the world, and provide a one-stop reference point to relevant work being done by

industry groups globally, with links to their websites.

Global Issues and Participation

Key Principles and Objectives

Global Issues and Participation

Next Steps

Golden Copy

Global Issues and Participation

Provision of applicable information from Issuers in a standard format

Global market education including usage of common language

Different timelines across various instruments/markets

Fraction process handling

Tax processing

Active global participation is required in order to be successful

Golden Copy

Key Principles and Objectives

Global Issues and Participation

Next Steps

Golden Copy

How do we see this paradigm shift?

What should global markets be targeting?

Achieving a Golden Copy transaction?

• “The ‘golden copy’ is the official, master version of a record. 

• There can only be one golden copy of each record. 

• A golden copy exists from the point of creation of a record, not just when the record is

no longer used. It is important to remember that the golden copy of a record exists for

all stages of its development.”

• In order to achieve a Golden copy, the information must be provided from the source

in a defined format.

The Golden Copy can be achieved through……

Next Steps

Key Principles and Objectives

Global Issues and Participation

Next Steps

Golden Copy

Next Steps

Exchange/CSD’s to work with NMPG’s and Swift to create Issuer awareness

and adoption from source concept

Participate in SMPG working groups which are driving the same principles

Try to create the “Golden Copy” within your markets taking into consideration

multi listed companies

Standardise market event referencing via NMPG

Standardise event option usage – insert event data on the EIG grid

P.S. Refer to ISSA principles document for more information

Conclusion

We have a great opportunity to revolutionise the processing of

Asset Servicing globally.

Lets join forces and “be the change you want to see in the world.”

- Mahatma Gandhi

Questions