ACA delivers customized, position-level corporate action reports for a broad range of action and security types, along with market effective transactions for mandatory U.S. equity and ADR events, including tax compliant details. Using ACA, firms can: track actions from announcement through effective date; receive alerts containing revisions and processing tips; and gain access to a dedicated team of corporate action specialists who assist advisory staff with processing details and the interpretation and confirmation of complex tax opinions.
Advent added both EDI's Worldwide and Fixed Income Corporate Actions Service to its ACA offering. With data sourced directly from all of the worldâs major stock exchanges, the Worldwide Corporate Actions service provides up-to-date and accurate equity-based corporate actions information, and provides coverage on over 150 International Exchanges, with detailed announcements on 54 corporate actions event types. EDIâs Fixed Income Corporate Actions Service follows corporate actions events on nearly 400,000 bonds from 100 countries and Supranationals. In addition to interest payments (both fixed and floating), the fixed income service covers another 40 event types. The data is sourced from stock exchanges, central banks, ministries of finance, paying and transfer agents.
âWe are very excited about our new relationship with Advent, as it brings EDIâs data to a new audience,â said Kevin Brady, Executive Director for Exchange Data International. âAdvent is a leader in their space, and this relationship demonstrates EDIâs commitment to building strong relationships with market leaders to provide the industry with high standard services.â
âWe are delighted to be working with EDI in order to expand our international data offering,â said Alison Swabowicz, Senior Straight-Through-Processing Product Manager at Advent. âRecently we have seen increased interest in international corporate action data; and as we've seen more clients diversify into international markets, it has become apparent the importance for Advent to maximize coverage across a wide range of countries and corporate action types.â
Advent currently has over 325 ACA clients. ACAâs user base includes clients using Advent's portfolio management and accounting platforms â Advent Portfolio ExchangeÂ®, GenevaÂ® and AxysÂ®, as well as clients using other products.