The XSP application is ISO 15022 compliant and features comprehensive data management components, workflow management modules, web and SWIFT ISO messaging for client notification and response capture, and complete entitlement processing. Utilizing its rules-based, data-scrubbing engine with built-in exception handling capabilities, the XSP software captures and sanitizes data from multiple market, vendor and custodian data sources. Through extensive workflow tools, tasks are automatically routed to designated parties to handle the required action. XSPâs web-based eTRAN module offers the ability to track event notifications and elections by generating notifications to intermediaries for desired elections. Instructions are automatically reconciled, delivered to global custodians and updated to back-end systems for entitlement processing.
After a careful review of the solutions in the marketplace, Brandes made the decision to sign with XSP because of the productâs proven functionality as well as the companyâs established track record, subject matter expertise and active involvement in industry initiatives, such as ISITC and SMPG. XSPâs continuous investments in technology and product functionality to enhance its offerings were also factors in Brandesâ decision. The eTRAN module will automate notifications and responses internally with its research analysts, while the XSP ISO messaging module will streamline communications with custodians and broker/dealers.
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, âThis new account win is extremely exciting for XSP as Brandes Investment Partners is one of the largest private asset managers in the U.S. They are a well-respected name in the business with a philosophy of practicing long-term strategy in their investment process. With the XSP software, they will continue to serve the best interest of their clients by implementing a solution that automates their Corporate Actions process. Whether their clients are internal or external, the notifications and response processing of elections will be streamlined via our eTRAN and XSP ISO messaging modules. We are delighted to welcome Brandes as our latest XSP client and look forward to working with them to enhance their Corporate Actions operations.â