XSP Achieves New GoodAccreditation Standard for Corporate Actions

London - 30 March 2011

Industry Leader Ranks High in Client Satisfaction.

XSP, the global leader in automated end-to-end Corporate Actions solutions, announced that it is amongst the first firms to qualify for the new GoodAccreditation standard for Corporate Actions. XSP’s dedication to providing quality products and services is acknowledged and valued by its clients.

Goodacre UK, a leading consultancy firm for the securities and financial services industries, manages the review process for system suppliers applying for the GoodAccreditation standard. Goodacre also organises the Systems in the City Awards which recognises the excellence of system suppliers within the financial services industry in the UK.

Over 75 companies applied for the GoodAccreditation standard this year and XSP was amongst the first to be accredited. As a first-time applicant of the Systems in the City Awards 2011, XSP is at the forefront of qualifying firms. In addition to its continued growth year over year, XSP’s key performance indicator is demonstrated by its high level of client retention.

Neil Sheppard, Managing Director and Chief Operating Officer of EMEA at XSP, said, “Our qualification for the new GoodAccreditation standard is a notable achievement that upholds our commitment to continuously providing exceptional customer experience. Goodacre is one of the leading specialist consultancy firms and they understand the importance of leveraging state-of-the-art technology to help meet the complex requirements and demands of global financial institutions. As the only Corporate Actions automated solutions provider to qualify so far, this recognition is a significant reinforcement of our ongoing expertise in developing innovative and technologically-advanced solutions.”

Goodacre’s MD, Stephen Pinner, said “I am delighted that XSP is one of the first firms to receive the GoodAccreditation standard, based on very good feedback from their user base. Corporate Action processing is an area that needs to be accurate, automated and reliable. From what we have heard, XSP have got these requirements spot on.”

The XSP® v5 platform is XSP’s state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP has re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a service-oriented architecture (SOA), utilising Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP).

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