CheckFree eVent Delivers Interface to CDS INC. for SWIFT ISO 15022 Entitlement Data - Achieving Greater Automated Processing of Corporate Actions
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CheckFree eVent Delivers Interface to CDS INC. for SWIFT ISO 15022 Entitlement Data - Achieving Greater Automated Processing of Corporate Actions
o Interface provides customers worldwide with quality Canadian entitlement data to streamline automated processing of corporate actions --
ATLANTA and LONDON, Sept. 19 -- CheckFree Corporation (NASDAQ:CKFR) today announced that CheckFree eVent(TM), the company's powerful automation and workflow solution for corporate actions processing, now interfaces with the SWIFT ISO 15022 compliant data feed from CDS INC., a subsidiary of The Canadian Depository for Securities Limited, which serves as a premier supplier of Canadian equity and debt entitlements information.
As a result, CheckFree and CDS INC. are now making quality Canadian entitlement data for the automated processing of corporate actions available to customers worldwide. The CDS INC. service uses MT564 Corporate Actions Notification messages, over the SWIFT network and CDS's proprietary network. It offers subscribers detailed corporate actions information on the 54 event types used in Canada. CheckFree and CDS INC. are extending their commitment to the industry adoption of ISO 15022 messages as standard and helping customers to achieve greater automated processing of their corporate actions.
Geoff Harries, director of securities product management at CheckFree Software, said, "The interface between CheckFree eVent and CDS's entitlement data provides clients with a high-quality Canadian data feed that can be automatically incorporated into CheckFree eVent's notification validation process. This solution is now available to financial organisations that subscribe to the CDS INC. service, improving the quality of corporate action processing."
Ian Gilhooley, chief operating officer at CDS INC., said, "The CDS Entitlement Messaging service facilitates the process of distributing Canadian information to securities market participants anywhere in the world. We designed our Entitlement Messaging service to meet ISO 15022 standards. This makes it an ideal feed for CheckFree eVent, which helps lower costs and enables firms to reduce potential risks."
With the help of CheckFree eVent, organisations can receive, compare and validate corporate actions data from multiple sources without manual intervention, a process that can otherwise be time-consuming and prone to error. The solution automates the electronic receipt of notifications and provides online management facilities to direct the entire process from notification to settlement.
SWIFTReady accredited, CheckFree eVent is built on the same financial messaging platform as the SWIFTReady Gold accredited CheckFree TradeFlow(TM) solution. CheckFree eVent has achieved the CityCompass Research B.I.S.S. Gold Accreditation for Corporate Actions Systems. This designation, along with the SWIFT accreditation, further reflects CheckFree's commitment to technology leadership in the corporate actions space. For more information about CheckFree eVent, visit www.checkfreesoftware.com.
About CDS INC. (www.cds.ca)
CDS INC., a subsidiary of The Canadian Depository for Securities Limited (CDS), provides a growing range of products that meet the ever-changing market demands for securities information and processing services. CDS INC. also operates, on behalf of Canadian securities regulators, SEDAR®, the System for Electronic Document Analysis and Retrieval; NRD®, the National Registration Database; and SEDI®, the System for Electronic Disclosure by Insiders. Founded in 1970, The Canadian Depository for Securities Limited is Canada's national securities depository, clearing and settlement hub.
About CheckFree (www.checkfreecorp.com)
Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.4 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe.
Source: CheckFree Corporation
CONTACT:
Media relations
Judy DeRango Wicks
CheckFree Corporation
+1-678-375-1595
jdwicks@checkfree.com
Web site: www.checkfreesoftware.com/
http://www.checkfreecorp.com/
http://www.cds.ca/
