Seeking direction on corporate actions
Current moves to deal with corporate action risk have been prompted by straight-through processing and Sarbanes-Oxley , writes Choongo Moonga
The risk of making wrong investment decisions as a result of not being told, being told late or being told wrong information about a corporate action can be reduced by ISO 15022, an electronic messaging standard that is increasingly being used by securities industry players, according to industry observers.
Although the standard was introduced by the International Organisation for Standardisation
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