XSP features comprehensive data scrubbing tools, robust workflow management modules, web and ISO messaging for client notification and response capture, and complete entitlement processing. Utilizing its powerful rules-based, data-scrubbing engine with built-in exception handling capabilities, XSP captures and sanitizes data from multiple vendor sources and custodian data. Through workflow tools, tasks are automatically routed to designated parties to handle the required action. XSP also offers the ability to track event notifications through its web-based module, eTRAN, by generating notifications to intermediaries for desired elections. Instructions are automatically updated to the back-end system for reconciliation and entitlement processing.
Brendan P. Farrell, Jr., Managing Partner at Xcitek, commented, "We are delighted to have Nomura Securities International as one of our latest clients licensing our end-to-end solution for corporate actions processing. Nomura represents our fifth Japanese client to streamline their operations by automating this complex process to reduce cost and risk. This latest selection of XSP further strengthens Xcitekâs position as the leading solution provider in the marketplace."