Swift Messaging Factsheet Corporateactions56104
Swift Messaging Factsheet Corporateactions56104
Swift Messaging Factsheet Corporateactions56104
Corporate Actions
Enabling and improving event communications
between public companies and their stakeholders
MT566
MT564
MT564 MT564 Confirmation
Notification of
Notification Notification of Account
Entitlement
Activity
Account Holder
Message flow example for a mandatory event type such as a Cash Dividend
The benefits of using SWIFT ISO 15022 standard messages MT 567 Corporate Action Status and
Minimise risk, reduce costs for Corporate Actions Processing Advice
Used to advise on the status, or a
ISO standards, developed by market What are they? change in the status, of a corporate
practitioners, eliminate ambiguity by Corporate actions, income reporting, and action instruction that was executed on
providing structured formats and agreed tax reclaim reporting functions can all be behalf of the account owner.
business definitions that, in most cases, catered for:
can be automated. This allows corporate MT 568 Corporate Action Narrative
MT 564 Corporate Action Notification Used to provide complex instructions
actions staff to concentrate on necessary
Provides an account owner with details or narrative details relating to a
exception processing for more complex
of a corporate action event along with corporate action event.
events and client-facing responsibilities.
possible elections and entitlements
available to the account owner. It can
Increase straight-through processing be sent as a preliminary advice and Market practice definition
(STP) subsequently replaced by another The Securities Market Practice Group
Achieve high levels of STP through MT564 with complete or confirmed (SMPG), comprising representatives
the use of SWIFT connectivity and information. from the industry, continually reviews
standardised messaging, making your all ISO 15022 messages and publishes
MT 565 Corporate Action Instruction usage guidelines. The SMPGs Event
operations less volume sensitive by
Provides custodians with instructions Interpretation Grid (EIG) and other
automating straightforward events.
on how the account owner wishes to guidelines define market practice to help
proceed with a corporate action or any firm implementing the corporate
Achieve scalability proxy voting event. Instructions include action messages.
By deploying SWIFTs open and scalable investment decisions on the exercising
messaging platform you can, simply and of rights issues and cash dividend Please visit www.smpg.info for more
quickly, support multiple counterparties reinvestments, and decisions on the information.
through a single window. This removes conversion or tendering of securities.
the need to support proprietary
MT 566 Corporate Action
communication links and data formats,
Confirmation
such as fax, email and telex. It also means
Used to confirm to the account owner
you benefit from using an accepted
that securities and/or cash have been
industry standard and single window
credited/debited to an account as the
connectivity to all your corporate action
result of a corporate event.
sources.
Account Servicer
Account Holder
Message flow example for any event with options such as a Warrant Exercise
SWIFT 2013