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APG Investments Chooses Fidelity ActionsXchange for Corporate Actions Processing

Fidelity ActionsXchange, a leading provider of global corporate actions processing solutions, today announced that APG Investments US Inc has signed an agreement to receive ActionsXchange’s validated corporate action information on North American fixed income securities through its ActionService product. APG Investments US Inc is the wholly-owned subsidiary of APG Algemene Pensioen Groep N.V. which provides asset management services to Dutch-based Stichting Pensioenfonds ABP, one of the largest pension funds in the world.

ActionService takes in multiple corporate action data sources and, through built-in intelligence, detects and reconciles routine data discrepancies. For complex corporate actions that require manual intervention, a team of experienced ActionsXchange analysts compares data, resolves conflicts and augments information ensuring that the client is receiving accurate, up-to-date information.

ActionsXchange continues to see a rise in demand for its corporate action solutions. In 2007, the company increased its number of clients by 32 percent and, to date, has successfully completed more than 50 client implementations.