End-to-end corporate actions platform that handles the full event lifecycle from announcement to settlement. Features include event data management, notification, instruction management, entitlement calculation, and payment processing with support for multiple languages and markets.
More about Lombard Risk (part of VERMEG)
Specialized software handling dividends, stock splits, mergers, rights issues, and other corporate events affecting securities holdings.
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Supported Event Types Number of distinct corporate action event types (e.g., dividends, stock splits, mergers) the system can process. |
No information available | |
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Multi-market Support Ability to process corporate actions across multiple geographical markets and exchanges. |
Stated support for multiple markets in product notes and web page. | |
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Custom Event Handling Ability to create and process custom or non-standard corporate actions. |
Industry platforms typically allow for non-standard event types, implied by 'full event lifecycle' and custom workflow; not explicit but strongly likely. | |
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Tax Withholding Calculation Supports automated calculation of withholding taxes for various event types. |
Tax processing mentioned by Vermeg for Megara generally, assumed to include withholding calculation. | |
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Multi-currency Support Handles events and transactions in multiple currencies with FX conversion. |
Product explicitly claims multi-currency functionality. | |
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Linked Event Processing Ability to identify, group, and process linked or sequential events (e.g., dividend and split on same security). |
Linked event management forms part of end-to-end event processing, although not named as such. | |
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Multi-ISIN/Identifier Recognition Supports processing securities with multiple identifiers (ISIN, CUSIP, SEDOL, etc.). |
Processing of securities with multiple identifiers (ISIN etc.) is a market requirement and expected for Megara. | |
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DRIP (Dividend Reinvestment Plan) Support Processes client choices for automatic dividend reinvestment. |
Dividend reinvestment is a core function for platforms covering entire event lifecycle. | |
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Historical Event Processing Ability to process and adjust past corporate actions or apply restatements retroactively. |
Historical/restate processing for corporate actions is standard for such platforms. | |
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Fractional Share Management Handles creation, allocation, and payout of fractional shares resulting from corporate actions. |
Fractional shares are referenced in several Megara documents. |
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End-to-End Automation Corporate actions processed without manual intervention under normal conditions. |
Megara claims end-to-end automation in its solution overview. | |
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Workflow Customization Ability to customize workflow stages and task sequencing. |
Workflow configuration/customization mentioned in Megara marketing publications. | |
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Exception Management Automated identification and assignment of exceptions or breaks requiring manual review. |
Exception and break handling is a core requirement; covered in product documentation. | |
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Straight Through Processing Rate Percentage of actions processed without manual touch. |
No information available | |
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Bulk Processing Support Enables batch processing of multiple corporate actions events. |
Product supports bulk/batch event processing. | |
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Configurable Alerting Ability to set thresholds, notifications, or escalation rules for key workflow stages. |
Megara platform supports alerts, notifications and escalation. | |
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Assignment Rules Work items can be routed to specific roles, users, or teams automatically. |
Assignment/routing to users/teams via customizable workflow. | |
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Audit Logging of Manual Overrides Detailed, time-stamped records kept for all manual interventions. |
Audit logging is a compliance standard for all Megara workflows. | |
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User Dashboards Role-based dashboards tracking pending, completed, or exception tasks. |
Dashboards for users and supervisors are a stated feature. | |
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Service-Level Tracking Monitor processing against defined SLAs (e.g., response or completion times). |
SLA tracking is part of workflow reporting and monitoring features. |
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Inbound Integration (Data Vendors) Connectors for ingesting data from major vendors (e.g., DTCC, Bloomberg, SIX, Euroclear). |
Inbound connectors for DTCC, Bloomberg, etc., are typical and supported. | |
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Inbound Format Support Range of supported data formats (e.g., ISO 15022, ISO 20022, Excel, XML, CSV, SWIFT). |
No information available | |
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API Availability RESTful or SOAP APIs for data integration and system interoperability. |
'Open API framework' mentioned in product resources. | |
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Outbound Integration Interfaces for outbound messaging to downstream systems (e.g., settlement, finance, reporting). |
Integration with downstream settlement and reporting systems specified. | |
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Real-Time Data Feed Support Near real-time corporate actions event updates and notifications. |
Real-time or near-real-time data feeds described. | |
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Data Validation Rules Automated validation and enrichment of incoming data for accuracy and completeness. |
Automated data validation and enrichment mentioned in Megara's documentation. | |
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Master Data Integration Reconciliation and synchronization with internal security, client, and position master data. |
Master data synchronization part of the platform's data management. | |
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Custom Mapping Tools User-configurable mapping and transformation between data sources/targets. |
Custom mapping tools for data import/export described on technical pages. | |
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Duplicate Event Detection Identifies and flags duplicate or conflicting corporate action notifications. |
Duplicate event detection presented as a value-added automatic control. | |
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Audit Trail for Data Changes Comprehensive logging of all inbound/outbound data changes and corrections. |
Comprehensive inbound/outbound audit trails are mentioned. |
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Client Notification Engine Automates notification to clients regarding upcoming events (e.g., proxy, rights issues, tender offers). |
Automated client notification engine is included. | |
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Configurable Templates Customizable notifications, election instructions, and event summaries. |
Configurable templates for notifications/elections detailed on solution overview. | |
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Multichannel Notification Supports email, web portal, SMS, push, and secure messaging. |
Multichannel distribution (email, portal, etc.) described on web and demos. | |
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Digital Client Elections Online interface for clients to submit voluntary action instructions. |
Digital instruction management forms core of client election workflow. | |
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Instruction Aggregation Aggregates client responses and generates summary instructions for market submission. |
Response aggregation and market instruction generation explicitly addressed. | |
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Election Deadline Management Automatically calculates and enforces client response dates and reminders. |
Deadline management/reminders are a prominent feature. | |
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Instruction Validation Real-time checking for valid elections based on position and eligibility. |
Instruction validation described in user workflow and risk mitigation. | |
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Late Instruction Handling Defines protocols and warnings for late or amended client responses. |
Late/amended client instructions handling is supported according to documentation. | |
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Document Storage Stores and archives submitted instructions, supporting documents, or consents. |
Document storage for elections and consents is integral to audit trail. | |
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Response Tracking Dashboard Live monitoring of response rate, missing instructions, and pending follow-up. |
Real-time response/instruction tracking dashboard is featured. |
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Position Snapshotting Automatic capture of client holdings at record date/time for entitlement calculation. |
Automatic record date position snapshotting explicitly referenced. | |
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Multi-Level Pro-Rata Allocation Distributes proceeds based on specified rules (e.g., priority, rounding, pro-rata at multiple entity levels). |
Multi-level pro-rata allocation process described in system design. | |
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Multiple Account Types Handles entitlements for different account types (retail, institutional, omnibus, nominee). |
Handling for omnibus, nominee, institutional, and retail accounts included. | |
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Cash and Stock Proceeds Processing Automated calculation of both cash and securities outcomes for all clients. |
Both cash and stock processing (and mixed events) covered end-to-end. | |
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Fractional Share Rounding Rules Configurable parameters for managing fractions (e.g., cash-in-lieu, carryforward). |
Fractional share handling and rounding options supported. | |
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Residual and Adjustment Handling Ability to track, adjust, and process residual balances from corporate actions. |
Residual handling and adjustment management described in technical features/support. | |
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Eligibility Verification Checks if clients/accounts are eligible for specific events or options. |
Eligibility calculation for entitlements is standard and documented. | |
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Restatement Support Recomputes entitlements if official event details are restated post-processing. |
Restatement and retroactive correction are part of the entitlements engine. | |
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Audit Reports Creates detailed logs and audit reports of all entitlement calculations. |
Audit reports for all entitlements are standard output. | |
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Bulk Adjustment Capabilities Easily process corrections or adjustments affecting multiple clients/accounts. |
Bulk adjustment and correction tools available for entitlement recalculation. |
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Automated Settlement Instructions Auto-generation of settlement entries for both cash and stock movements. |
Settlement instruction generation is automated. | |
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SWIFT/ISO Settlement Messaging Creates, sends, and consumes standardized settlement messages (e.g., MT564, ISO 20022). |
SWIFT/ISO messaging supported for settlement; compliant with MT564/ISO 20022. | |
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Real-Time Posting Immediate posting of entitlements and movements to client and firm accounts. |
Real-time posting to accounts is supported and highlighted. | |
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Settlement Status Tracking Monitors status of cash/securities movement and highlights unsettled items. |
Settlement tracking for cash/securities is a listed platform feature. | |
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Partial/Failed Settlement Handling Supports handling, reprocessing, and investigation of failed or partial settlements. |
Partial/failed settlement handling supported and part of exception management. | |
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Auto Reconciliation Automated reconciliation of bookings with custodians, CSDs, or sub-ledgers. |
Reconciliation with custodians and books is automated. | |
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Manual Overrides Users can manually adjust bookings or settlements with tracked authorization. |
Manual overrides and adjustments are tracked by user and time-stamped. | |
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Multi-Stage Settlement Workflow Configurable steps from preliminary to final settlement. |
Configurable multi-stage settlement workflow described for complex markets. | |
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Audit Trail for Settlement Changes Detailed logging of all settlement amendments or reversals. |
Audit trail for all settlement operations is mandated and provided. | |
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Settlement Confirmation Notifications Sends confirmations to clients or counterparties upon completion. |
Settlement/entitlement confirmation notifications available by email/portal. |
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Four-Eyes Authorization Dual authorization required for sensitive operations (e.g., major booking amendments). |
Dual/four-eyes authorization supported for sensitive actions. | |
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Configurable Maker-Checker Custom rules for checker review and approval for designated workflows. |
Workflow supports configurable maker-checker logic. | |
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Regulatory Reporting Automation of required regulatory submissions (e.g., to FCA, SEC). |
Regulatory export/reporting supported for multiple regimes. | |
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Compliance Rules Engine Allows rules to define exceptions, embargoed securities, or other regulatory constraints. |
Compliance engine/ruleset is a promoted Megara capability. | |
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Access Control & Segregation of Duties Granular role-based access management and audit for all user actions. |
Role-based access and segregation of duties standard. | |
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Incident Logging Tracks and escalates processing exceptions, breaks, or compliance issues. |
Incident and exception logging detailed for all process steps. | |
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SOX/ITGC Audit Features System features facilitating Sarbanes-Oxley audits: logging, review, attestation. |
SOX/ITGC audit support highlighted for enterprise customers. | |
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Data Retention Policies Configurable rules for archival and deletion per regulatory requirements. |
Configurable data retention/archival for compliance described. | |
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Pre-processing Validation Checks completeness and compliance of events before processing. |
Validation before event processing is a platform control. | |
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Error Handling & Exception Reporting Customizable handling and escalation for compliance or business rule violations. |
Custom error handling, exception reporting built-in. |
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Standard Report Library Pre-built suite of reports (pending events, posted entitlements, breaks, etc.). |
Comprehensive standard report library referenced. | |
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Custom Report Builder User-driven custom report definition with parameterized queries. |
User-driven/custom report builder included. | |
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Real-Time Metrics Dashboard Live dashboards presenting current event processing and workflow status. |
Real-time metrics dashboard part of user interface. | |
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Exception Reporting Reports on all process failures, breaks, or reconciliation mismatches. |
Exception/break reports and dashboards. | |
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Audit Trail Exports Exports of historical activity logs and changes for regulatory review. |
Audit and export functionality for compliance and oversight. | |
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Automated Scheduled Reporting Configurable scheduled generation and distribution of key reports. |
Scheduled report generation/distribution available. | |
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Ad Hoc Query Tools Advanced tools for users to build and run ad hoc data queries. |
Ad-hoc query and analytics for users supported. | |
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Export to Excel/CSV/PDF Support export of data and reports in common formats. |
Export available in Excel, CSV, PDF formats. | |
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Data Visualization Inbuilt charts, graphs, or visualizations of key trends and volume statistics. |
Dashboards and outputs include data visualization. | |
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Role-Based Report Access Access to reports and dashboards based on user permissions. |
Report/dash access is role-based. |
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Encryption In Transit & At Rest Data is encrypted both when stored and in transit between systems/users. |
Encryption of data at rest and in transit referenced; aligns with enterprise standards. | |
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Single Sign-On (SSO) Integrates with enterprise identity and authentication providers. |
Single sign-on (SSO) integrations available. | |
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Multi-Factor Authentication (MFA) Supports strong user authentication mechanisms. |
Multi-factor authentication support available. | |
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Penetration Testing Certification Subject to regular external security testing and certification. |
External (third-party) pen testing and certification referenced in security overview. | |
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Data Masking & Redaction Sensitive data masked in user interfaces and exports where appropriate. |
Data masking/redaction highlighted for client/sensitive data. | |
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Change Management Logging Tracks all configuration, patching, and upgrade activity with audit logs. |
Comprehensive change/audit logging for system configuration and patching. | |
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Disaster Recovery Capabilities Supporting failover, backup, and recovery in case of technical outages. |
Disaster recovery/failover part of platform's operational risk management. | |
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Uptime Guarantee Service-level agreement on system uptime. |
No information available | |
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Hosting Model (Cloud/On-Premise/Hybrid) System available for deployment in various infrastructure models. |
Megara can be hosted in the cloud, on-premises, or hybrid configurations. | |
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Scalability Ability to scale for peak loads or volume growth. |
System described as highly scalable, for organizations of any size. |
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Average Event Processing Time Typical time taken for an event from ingestion to completion. |
No information available | |
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Concurrent User Support Maximum number of active users supported simultaneously. |
No information available | |
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Intuitive User Interface Ergonomic, easy-to-navigate, modern graphical user interface. |
Modern, ergonomic UI highlighted in product screenshots and demos. | |
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Help Desk & Vendor Support 24/7 help desk and direct vendor escalation channels. |
Megara offers 24/7 vendor support and help desk. | |
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User Documentation & Training Comprehensive user manuals, release notes, and system training provided. |
Comprehensive documentation and user training standard for VERMEG. | |
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Configurable User Profiles Users can set preferences and personalize dashboard views. |
User profiles & personalized dashboards supported. | |
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Localization & Language Support Multi-language user interface and notifications. |
Multilingual support and localization described in platform specs. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1, Section 508). |
Accessibility for standard compliance (e.g., WCAG) available for large institutions. | |
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Continuous System Monitoring Automated health checks and capacity alerts. |
System monitoring and capacity alerting is part of platform support. | |
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Release & Upgrade Management Clear release scheduling, user notification of enhancements/fixes, and rollback capabilities. |
Release scheduling and rollback described in upgrade process documents. |
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