XSP: eXSPertise is everything
The XSP® software is the flagship solution from XcitekSolutionsPlus, the experts in enterprise-wide Corporate Actions automation. Accredited with the SWIFTReady Corporate Actions Label, the XSP software fully automates the Corporate Actions lifecycle for an area of securities processing that has long been considered one of the most challenging and high-risk operations for financial institutions worldwide. The achievement of this Label, awarded to applications that adhere to a strict set of criteria linked to the support of SWIFT messages and functionality, further validates XSP's status as the global STP solution for Corporate Actions.
The XSP software is flexible, feature-rich and robust and integrates easily with financial institutions' existing infrastructures. Implemented in live environments, the application delivers the core features and functionalities of Corporate Actions automation including:
Data Management: XSP Data Management module captures, scrubs and validates Corporate Actions data from more than 30 distinct market data vendor interfaces - in their own proprietary formats or the SWIFT ISO 15022 compliant format - to create the 'golden copy'/ 'composite record'.
Notification and Response: XSP Notification and Response module matches events against holdings and transactions on a daily/intra-day basis, generating automated event notifications to, and responses from, decision makers across disparate locations and geographies, according to each user's parameters, preferences and desired notification methods.
In addition to delivering the XSP application as a deployed solution, the eTRAN® (Electronic Tracking Response and Notification) module provides a secure, cost-effective, client-hosted extension of the notification and response solution. The eTRAN web-reporting tool allows decision makers to receive and review Corporate Actions announcements and submit responses and voting instructions from anywhere with intranet/ internet access.
Entitlements: XSP Entitlements module links to financial institutions' books and records to obtain entitlement and trade activity information. XSP calculates entitlements and integrates seamlessly with internal accounting engines to process the movement of cash or securities.
The XSP Event Diary Workflow engine manages the completion of each step within the Corporate Actions lifecycle, assigning a task due date, monitoring the completion date and trailing exceptions incurred in the process.
Literature Request
To learn more about how the XSP software can mitigate your risk in Corporate Actions processing, contact us today for our product literature.
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What our clients are saying
CRSP has launched a project to enhance our data-acquisition processes and to develop a new set of equity-based indices. We needed a software solution that could manage Corporate Actions data effectively. Included in the factors leading to a high score in our analysis and requirements was the comprehensiveness of the product in handling domestic and international securities along with the flexibility in the ability to manage the growing volume of Corporate Actions activity efficiently for our research staff. Their exclusive focus on the Corporate Actions automation space and their all-inclusive implementation strategy were additional factors in our selection of XSP. In addition to licensing the XSP application, CRSP will leverage the XSP team’s broad business and technical expertise in developing some additional and exciting product enhancements unique to CRSP’s requirements. We look forward to working closely with the XSP team to complete a smooth and successful implementation.
-Chief Operating Officer The Center for Research in Security Prices (CRSP)
