ISSA Corporate Actions Working Group

The WG held its kick-off meeting on January 6, 2009 under the name ISSA Asset Servicing WG and was renamed to ISSA Corporate Actions WG in early 2010.

The objectives of the WG are:

1. To expedite and leverage the implementation of global best practices already developed for corporate actions, income processing and possibly proxy voting (relying largely on work done in existing industry initiatives), and to identify critical issues requiring improvement.
   
   
2. To define detailed best practice recommendations for the avoidance of risk in corporate actions with options.

The two work streams are tackled sequentially; priority is with stream 1.

Progress:

The group's final report (divided into a main document and an annex part) was published in May 2010. The third element, i.e. the consolidated feedback to a global market survey followed in June 2010. During the remainder of 2010, the project and its results were presented in a number of industry events.

As a next step the WG identified the need to reach out in a focused way to the issuers and their agents. Without their involvement and commitment as to the provision of clear and necessary data, representing the very beginning of the corporate action processing chain, standardized electronic connectivity will never reach its full potential. An issuer outreach paper, highlighting the need for issuers to become the first link in the straight-through-processing chain and outlining how they would benefit themselves by doing so, was completed in January 2011.

Downloads:

> ISSA Corporate Actions Information Sharing Platform


> Members of the Working Group