Pirum Systems unveils corporate actions processing solution
11 March 2021 UK
Image: Pirum logo
Pirum Systems has launched a solution for corporate actions processing as part of its 鈥楩uture Tech鈥� initiative.
COACSConnect is a 鈥渞evolutionary offering that brings much needed risk reduction, connectivity, and automation to the processing of both mandatory and voluntary corporate actions,鈥� Pirum says.
Leveraging its 鈥渦nique network and connectivity in securities finance鈥�, Pirum鈥檚 COACSConnect service aims to enable market participants to create, match and disseminate corporate action related notifications.
By centralising these processes Pirum promises to allow market participants to settle claims quickly and resolve differences in a highly secure and fully audited workflow.
COACSConnect will also 鈥済reatly reduce the friction and inefficiencies鈥� that exist in the post-trade securities finance operational landscape, Pirum adds.
In a statement on the launch, Pirum's head of product development Robert Frost says: 鈥淭his is the first step on what will become a comprehensive offering to the securities finance market and is, yet another solution launched as part of Pirum鈥檚 鈥楩uture Tech鈥� initiative鈥�.
The Future Tech Initiative looks to automate and digitalise securities finance and over-the-counter processes from front to back.
COACSConnect is a 鈥渞evolutionary offering that brings much needed risk reduction, connectivity, and automation to the processing of both mandatory and voluntary corporate actions,鈥� Pirum says.
Leveraging its 鈥渦nique network and connectivity in securities finance鈥�, Pirum鈥檚 COACSConnect service aims to enable market participants to create, match and disseminate corporate action related notifications.
By centralising these processes Pirum promises to allow market participants to settle claims quickly and resolve differences in a highly secure and fully audited workflow.
COACSConnect will also 鈥済reatly reduce the friction and inefficiencies鈥� that exist in the post-trade securities finance operational landscape, Pirum adds.
In a statement on the launch, Pirum's head of product development Robert Frost says: 鈥淭his is the first step on what will become a comprehensive offering to the securities finance market and is, yet another solution launched as part of Pirum鈥檚 鈥楩uture Tech鈥� initiative鈥�.
The Future Tech Initiative looks to automate and digitalise securities finance and over-the-counter processes from front to back.
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Exclusive: Pirum secures J.P. Morgan as first user of corporate actions service
Exclusive: Pirum secures J.P. Morgan as first user of corporate actions service
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