The Corporate Action Company

Functionality

“CATS is one of the most functionally rich and configurable processing environments on the market.”

CATS enables complete monitoring and control of the corporate action's life cycle and provides a single point of access for all corporate action information. The system facilitates large-scale automation with the potential for manual intervention when necessary.

Functionality is accessed through an intelligently designed user interface that includes the facility to export data into applications such as Excel and Word. Standard use of colour streamlines monitoring and task completion.

Microsoft Word Microsoft Excel
CATS running on a workstation

Example processing timeline

Processing commences prior to the entitlement date. This continues daily or on demand until lifecycle completion:

EX-100Determine interest. Create diary tasks.
EX-10Create preview of stock record.
EX-2Compute predicted entitlements.
EXNotify entitlements.
RECClaim tracking commences.
PAYAgent receipts recorded.
PAY+Open claims tracked until settlement.

Lifecycle completion: The event is reconciled, claims settled, documents transmitted, tax recorded and diary tasks are marked as complete.

Complexity

CATS correctly caters to:

  • Cash/Finance trades
  • Late/Early/Partially settled trades
  • Special Ex/Cum trades
  • Late/Modified/Cancelled trades
  • Traded/Settled/Value positions
  • Foreign exchange
  • Japanese dividend estimates
  • Event specific taxation

SRD II Functionality

Our SRD II update project is now in full swing with the next CATS release providing comprehensive SRD II functionality. This includes the new ISO 20022 message types. CATS will have the ability to receive, process and respond to issuer requests for shareholder identification. CATS will have the ability to facilitate the rights of shareholders for appropriate participation and voting with respect to meetings and other corporate events.

CATS functionality will enable information to flow efficiently between interested parties to allow business to meet the deadlines associated with SRD II.