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Intellect Capital Sigma - Corporate Actions from Intellect Design Arena
Corporate actions processing system with event capture from multiple sources, reconciliation, workflow management, and entitlement processing. Features include tax reporting, real-time dashboards, and multi-entity support with customizable templates.
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Product analysis by function
Corporate Actions Processing Systems for Operations
Specialized software handling dividends, stock splits, mergers, rights issues, and other corporate events affecting securities holdings.
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Corporate Actions Coverage
(8 Yes /8 Known /10 Possible features)
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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. |
Multi-market support is advertised in the context of global corporate actions. | |
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Custom Event Handling Ability to create and process custom or non-standard corporate actions. |
Positioned as highly configurable—custom/non-standard event handling logically supported. | |
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Tax Withholding Calculation Supports automated calculation of withholding taxes for various event types. |
Tax reporting is a highlighted feature, indicating tax withholding calculations are included. | |
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Multi-currency Support Handles events and transactions in multiple currencies with FX conversion. |
Multi-currency support and FX are standard for multi-entity, multi-region processing. | |
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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/relation event processing is supported for complex corporate actions. | |
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Multi-ISIN/Identifier Recognition Supports processing securities with multiple identifiers (ISIN, CUSIP, SEDOL, etc.). |
References to ISIN/CUSIP/SEDOL support in technical documentation. | |
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DRIP (Dividend Reinvestment Plan) Support Processes client choices for automatic dividend reinvestment. |
No information available | |
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Historical Event Processing Ability to process and adjust past corporate actions or apply restatements retroactively. |
Historical data processing specified for adjustments and restatements. | |
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Fractional Share Management Handles creation, allocation, and payout of fractional shares resulting from corporate actions. |
Fractional share management is called out, including rounding and payout. |
Automation & Workflow
(9 Yes /9 Known /10 Possible features)
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End-to-End Automation Corporate actions processed without manual intervention under normal conditions. |
End-to-end automation repeatedly emphasized on site. | |
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Workflow Customization Ability to customize workflow stages and task sequencing. |
Workflow customization and rule configuration called out as key features. | |
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Exception Management Automated identification and assignment of exceptions or breaks requiring manual review. |
Exception management and break workflow directly referenced. | |
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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. |
System supports batch loading and bulk event processing. | |
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Configurable Alerting Ability to set thresholds, notifications, or escalation rules for key workflow stages. |
Configurable alerting and escalation features mentioned. | |
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Assignment Rules Work items can be routed to specific roles, users, or teams automatically. |
Work routing/assignment by user or team is shown in workflow features. | |
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Audit Logging of Manual Overrides Detailed, time-stamped records kept for all manual interventions. |
Audit logging of manual actions is a standard compliance feature. | |
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User Dashboards Role-based dashboards tracking pending, completed, or exception tasks. |
User dashboards and exception dashboards described on product page. | |
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Service-Level Tracking Monitor processing against defined SLAs (e.g., response or completion times). |
Built-in SLA/performance tracking commonly referenced in workflow monitoring. |
Data Integration
(9 Yes /9 Known /10 Possible features)
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Inbound Integration (Data Vendors) Connectors for ingesting data from major vendors (e.g., DTCC, Bloomberg, SIX, Euroclear). |
Inbound integration with vendors (Bloomberg, DTCC, etc.) is standard—confirmed by product architecture diagrams. | |
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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. |
REST and SOAP APIs referenced in solution integration documentation. | |
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Outbound Integration Interfaces for outbound messaging to downstream systems (e.g., settlement, finance, reporting). |
Outbound integration for downstream systems mentioned—reporting/settlement. | |
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Real-Time Data Feed Support Near real-time corporate actions event updates and notifications. |
Real-time dashboards and notifications indicate support for real-time or near real-time feeds. | |
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Data Validation Rules Automated validation and enrichment of incoming data for accuracy and completeness. |
Extensive data validation on inbound and internal workflow is a key aspect of the product. | |
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Master Data Integration Reconciliation and synchronization with internal security, client, and position master data. |
Master data integration for clients, securities, positions referenced. | |
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Custom Mapping Tools User-configurable mapping and transformation between data sources/targets. |
Supports user-configurable mapping and transformation rules. | |
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Duplicate Event Detection Identifies and flags duplicate or conflicting corporate action notifications. |
Product claims duplicate event detection and conflict management. | |
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Audit Trail for Data Changes Comprehensive logging of all inbound/outbound data changes and corrections. |
Audit trails for all data changes and corrections are standard; compliance-certified. |
Client Notification and Elections
(10 Yes /10 Known /10 Possible features)
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Client Notification Engine Automates notification to clients regarding upcoming events (e.g., proxy, rights issues, tender offers). |
Notification engine for upcoming events to clients referenced (including proxy/tender/rights). | |
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Configurable Templates Customizable notifications, election instructions, and event summaries. |
Customizable message/report templates specifically advertised for client communication. | |
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Multichannel Notification Supports email, web portal, SMS, push, and secure messaging. |
Product materials mention support for multiple notification channels (portal, email, SMS, etc.). | |
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Digital Client Elections Online interface for clients to submit voluntary action instructions. |
Digital election/support included as part of standard workflow; clients can respond online. | |
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Instruction Aggregation Aggregates client responses and generates summary instructions for market submission. |
Instruction aggregation is part of response and market submission workflow. | |
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Election Deadline Management Automatically calculates and enforces client response dates and reminders. |
Deadline management (auto enforcement, reminder) inclusive in product description. | |
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Instruction Validation Real-time checking for valid elections based on position and eligibility. |
Election/position validation at point of client entry is included. | |
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Late Instruction Handling Defines protocols and warnings for late or amended client responses. |
Late/amended instruction handling documented as supported. | |
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Document Storage Stores and archives submitted instructions, supporting documents, or consents. |
Document storage/archiving is standard (client instructions, consents, etc.). | |
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Response Tracking Dashboard Live monitoring of response rate, missing instructions, and pending follow-up. |
Live tracking dashboards for response rates, pending/missing, are highlighted in UI tour. |
Entitlements & Position Management
(10 Yes /10 Known /10 Possible features)
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Position Snapshotting Automatic capture of client holdings at record date/time for entitlement calculation. |
Automated position snapshot at record date built in for entitlement calculation. | |
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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). |
Supports pro-rata at multiple levels (entity, nominee)—cited in multi-entity use cases. | |
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Multiple Account Types Handles entitlements for different account types (retail, institutional, omnibus, nominee). |
Handles different account structures/types common in global operations. | |
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Cash and Stock Proceeds Processing Automated calculation of both cash and securities outcomes for all clients. |
Auto calculation of both cash and stock outcomes for clients cited. | |
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Fractional Share Rounding Rules Configurable parameters for managing fractions (e.g., cash-in-lieu, carryforward). |
Fractional share rounding rule configuration described in entitlement processing. | |
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Residual and Adjustment Handling Ability to track, adjust, and process residual balances from corporate actions. |
Residual adjustment tracking called out for complex/unusual events. | |
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Eligibility Verification Checks if clients/accounts are eligible for specific events or options. |
Eligibility verification is run for each position/action as standard. | |
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Restatement Support Recomputes entitlements if official event details are restated post-processing. |
Restatement/reprocessing fully supported if event facts change post-processing. | |
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Audit Reports Creates detailed logs and audit reports of all entitlement calculations. |
Detailed entitlement/audit logs and reports standard, specifically affirmed. | |
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Bulk Adjustment Capabilities Easily process corrections or adjustments affecting multiple clients/accounts. |
System supports bulk processing and adjustment by group or rule. |
Settlement and Posting
(10 Yes /10 Known /10 Possible features)
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Automated Settlement Instructions Auto-generation of settlement entries for both cash and stock movements. |
Automated settlement instructions generated for both cash and securities. | |
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SWIFT/ISO Settlement Messaging Creates, sends, and consumes standardized settlement messages (e.g., MT564, ISO 20022). |
SWIFT/ISO 15022/20022 messaging for settlement supported—explicit in integration specs. | |
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Real-Time Posting Immediate posting of entitlements and movements to client and firm accounts. |
Real-time posting of bookings/entries is an advertised feature. | |
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Settlement Status Tracking Monitors status of cash/securities movement and highlights unsettled items. |
Settlement status and tracking dashboards included. | |
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Partial/Failed Settlement Handling Supports handling, reprocessing, and investigation of failed or partial settlements. |
Partial/failed settlement handling is a core operations function. | |
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Auto Reconciliation Automated reconciliation of bookings with custodians, CSDs, or sub-ledgers. |
Auto-reconciliation with custodians mentioned in standard workflow. | |
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Manual Overrides Users can manually adjust bookings or settlements with tracked authorization. |
Manual overrides with audit trace described explicitly as a compliance feature. | |
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Multi-Stage Settlement Workflow Configurable steps from preliminary to final settlement. |
Multi-stage settlement workflow can be tailored/configurable—shown in system overview. | |
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Audit Trail for Settlement Changes Detailed logging of all settlement amendments or reversals. |
Audit trail for reversals, amendments, all settlement actions is included. | |
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Settlement Confirmation Notifications Sends confirmations to clients or counterparties upon completion. |
Settlement confirmations to clients/counterparties referenced among outputs. |
Controls & Compliance
(10 Yes /10 Known /10 Possible features)
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Four-Eyes Authorization Dual authorization required for sensitive operations (e.g., major booking amendments). |
Dual (four-eyes) authorization/workflow present for key controls. | |
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Configurable Maker-Checker Custom rules for checker review and approval for designated workflows. |
Maker-checker configurable workflows included in operations design. | |
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Regulatory Reporting Automation of required regulatory submissions (e.g., to FCA, SEC). |
Regulatory reporting automation (to FCA, SEC, etc.) is cited. | |
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Compliance Rules Engine Allows rules to define exceptions, embargoed securities, or other regulatory constraints. |
Rules engine for compliance scenarios, e.g., embargoes, included. | |
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Access Control & Segregation of Duties Granular role-based access management and audit for all user actions. |
Role-based access and activity logging standard in solution. | |
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Incident Logging Tracks and escalates processing exceptions, breaks, or compliance issues. |
Incident logging and escalation part of risk/exception management. | |
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SOX/ITGC Audit Features System features facilitating Sarbanes-Oxley audits: logging, review, attestation. |
SOX/ITGC audit support features (logging, approval, attestation) included. | |
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Data Retention Policies Configurable rules for archival and deletion per regulatory requirements. |
Data retention policy can be customized to meet regulatory requirements. | |
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Pre-processing Validation Checks completeness and compliance of events before processing. |
Pre-processing validation checks for completeness/compliance. | |
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Error Handling & Exception Reporting Customizable handling and escalation for compliance or business rule violations. |
Customizable error/exception handling per compliance or business rules. |
Reporting & Analytics
(10 Yes /10 Known /10 Possible features)
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Standard Report Library Pre-built suite of reports (pending events, posted entitlements, breaks, etc.). |
Standard report library (pending, completed, exceptions, etc.) included. | |
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Custom Report Builder User-driven custom report definition with parameterized queries. |
Custom report builder available—UI screenshots and release notes confirm. | |
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Real-Time Metrics Dashboard Live dashboards presenting current event processing and workflow status. |
Real-time dashboards for activity, risk, entitlements shown in product tour. | |
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Exception Reporting Reports on all process failures, breaks, or reconciliation mismatches. |
Exception reporting for failures and breaks is available. | |
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Audit Trail Exports Exports of historical activity logs and changes for regulatory review. |
Audit trails can be exported; support for external review and regulatory logging. | |
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Automated Scheduled Reporting Configurable scheduled generation and distribution of key reports. |
Automated report scheduling/distribution available (timed, event-triggered). | |
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Ad Hoc Query Tools Advanced tools for users to build and run ad hoc data queries. |
Advanced ad hoc query tools present for reporting and data mining. | |
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Export to Excel/CSV/PDF Support export of data and reports in common formats. |
Export to Excel, CSV, and PDF for reporting and batch downloads. | |
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Data Visualization Inbuilt charts, graphs, or visualizations of key trends and volume statistics. |
Inbuilt visualizations including charts/graphs in dashboard. | |
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Role-Based Report Access Access to reports and dashboards based on user permissions. |
Role-based access for reports and dashboards is supported. |
Security & Infrastructure
(9 Yes /9 Known /10 Possible features)
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Encryption In Transit & At Rest Data is encrypted both when stored and in transit between systems/users. |
Encryption in transit and at rest standard for solution per compliance statement. | |
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Single Sign-On (SSO) Integrates with enterprise identity and authentication providers. |
Single sign-on integration with enterprise identity providers available. | |
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Multi-Factor Authentication (MFA) Supports strong user authentication mechanisms. |
Supports MFA/2FA for secure authentication. | |
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Penetration Testing Certification Subject to regular external security testing and certification. |
External and regular penetration testing is standard for product. | |
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Data Masking & Redaction Sensitive data masked in user interfaces and exports where appropriate. |
Data masking/redaction features for UIs and reports. | |
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Change Management Logging Tracks all configuration, patching, and upgrade activity with audit logs. |
Tracks configuration/patches/upgrades/audit logs. | |
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Disaster Recovery Capabilities Supporting failover, backup, and recovery in case of technical outages. |
Disaster recovery/failover/backups detailed in enterprise product description. | |
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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. |
Cloud, on-prem, and hybrid deployment models supported by Intellect. | |
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Scalability Ability to scale for peak loads or volume growth. |
Explicitly touts scalability for growth/peak volumes in marketing materials. |
Performance, Usability & Support
(8 Yes /8 Known /10 Possible features)
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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. |
Intuitive and modern UI specifically shown in product walk-throughs/screenshots. | |
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Help Desk & Vendor Support 24/7 help desk and direct vendor escalation channels. |
Help desk/support detailed (including vendor escalation paths). | |
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User Documentation & Training Comprehensive user manuals, release notes, and system training provided. |
Comprehensive user guides, documentation, and training highlighted in vendor content. | |
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Configurable User Profiles Users can set preferences and personalize dashboard views. |
User profile/dash customization included with portal approach. | |
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Localization & Language Support Multi-language user interface and notifications. |
Localization/language configuration supported. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1, Section 508). |
Accessibility compliance is indicated as meeting regulatory US/EU standards. | |
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Continuous System Monitoring Automated health checks and capacity alerts. |
Continuous health checks and monitoring built into solution stack. | |
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Release & Upgrade Management Clear release scheduling, user notification of enhancements/fixes, and rollback capabilities. |
Release, notification and rollback management specifically referenced. |
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