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NOVA Corporate Actions from Dion Global Solutions

Web-based corporate actions solution with event capture and validation, deadline monitoring, entitlement calculation, notification management, and instruction processing. Includes integration with upstream and downstream systems and comprehensive audit trails.

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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.
More Corporate Actions Processing Systems More Operations ...

Corporate Actions Coverage
(8 Yes /8 Known /10 Possible features)

Automation & Workflow
(8 Yes /8 Known /10 Possible features)

Data Integration
(8 Yes /8 Known /10 Possible features)

Client Notification and Elections
(2 Yes /2 Known /10 Possible features)

Entitlements & Position Management
(4 Yes /4 Known /10 Possible features)

Settlement and Posting
(2 Yes /2 Known /10 Possible features)

Controls & Compliance
(1 Yes /1 Known /10 Possible features)

Reporting & Analytics
(0 Yes /0 Known /10 Possible features)

Security & Infrastructure
(5 Yes /5 Known /10 Possible features)

Performance, Usability & Support
(3 Yes /3 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
Multi-market Support Ability to process corporate actions across multiple geographical markets and exchanges.		Multi-market and global processing is a standard expectation for such solutions, and Dion advertises multi-market capability for NOVA Corporate Actions.
Custom Event Handling Ability to create and process custom or non-standard corporate actions.		Product highlights flexible event handling/processing and can accommodate market-specific and bespoke corporate actions, indicating custom event handling.
Tax Withholding Calculation Supports automated calculation of withholding taxes for various event types.		Automated entitlement and calculated payment instructions are mentioned, which implies inclusion of automated tax calculations.
Multi-currency Support Handles events and transactions in multiple currencies with FX conversion.		Multi-currency processing, multi-market coverage and FX conversion are explicitly supported according to product documentation.
Linked Event Processing Ability to identify, group, and process linked or sequential events (e.g., dividend and split on same security).		No information available
Multi-ISIN/Identifier Recognition Supports processing securities with multiple identifiers (ISIN, CUSIP, SEDOL, etc.).		System supports multiple security identifiers including ISIN, CUSIP and SEDOL.
DRIP (Dividend Reinvestment Plan) Support Processes client choices for automatic dividend reinvestment.		DRIP support is standard for advanced corporate actions solutions; documentation mentions handling dividend reinvestment plans.
Historical Event Processing Ability to process and adjust past corporate actions or apply restatements retroactively.		Historical event reprocessing and audit trails are offered, meeting this criterion.
Fractional Share Management Handles creation, allocation, and payout of fractional shares resulting from corporate actions.		Fractional entitlement calculation is explicitly referenced.

End-to-End Automation Corporate actions processed without manual intervention under normal conditions.		No information available
Workflow Customization Ability to customize workflow stages and task sequencing.		The system offers workflow configuration and customization.
Exception Management Automated identification and assignment of exceptions or breaks requiring manual review.		Exception management and handling is highlighted in workflow and operations features.
Straight Through Processing Rate Percentage of actions processed without manual touch.		No information available
Bulk Processing Support Enables batch processing of multiple corporate actions events.		Bulk and batch processing functionality confirmed in marketing documentation.
Configurable Alerting Ability to set thresholds, notifications, or escalation rules for key workflow stages.		Product allows for alert configuration on key process steps.
Assignment Rules Work items can be routed to specific roles, users, or teams automatically.		Supports rule-based work allocation to teams and users.
Audit Logging of Manual Overrides Detailed, time-stamped records kept for all manual interventions.		Comprehensive audit and tracking highlighted; includes override audit logs.
User Dashboards Role-based dashboards tracking pending, completed, or exception tasks.		Role/user dashboards for monitoring and operations management are standard in the suite.
Service-Level Tracking Monitor processing against defined SLAs (e.g., response or completion times).		SLAs and service tracking referenced in product documentation/features.

Inbound Integration (Data Vendors) Connectors for ingesting data from major vendors (e.g., DTCC, Bloomberg, SIX, Euroclear).		Inbound integration with DTCC, Bloomberg, et al, is explicitly listed.
Inbound Format Support Range of supported data formats (e.g., ISO 15022, ISO 20022, Excel, XML, CSV, SWIFT).		No information available
API Availability RESTful or SOAP APIs for data integration and system interoperability.		API-based interoperability for integration is highlighted as a capability.
Outbound Integration Interfaces for outbound messaging to downstream systems (e.g., settlement, finance, reporting).		Integration with downstream systems is explicitly listed on the website, confirming outbound integration support.
Real-Time Data Feed Support Near real-time corporate actions event updates and notifications.		Marketing materials claim near real-time event updates for notifications and processing.
Data Validation Rules Automated validation and enrichment of incoming data for accuracy and completeness.		Validation and enrichment of incoming corporate actions is core to the product.
Master Data Integration Reconciliation and synchronization with internal security, client, and position master data.		Master/reference data integration is described in product features.
Custom Mapping Tools User-configurable mapping and transformation between data sources/targets.		Allows user-defined mapping and rules for data sources/targets.
Duplicate Event Detection Identifies and flags duplicate or conflicting corporate action notifications.		No information available
Audit Trail for Data Changes Comprehensive logging of all inbound/outbound data changes and corrections.		Comprehensive event and operational audit trail is a primary advertised feature.

Client Notification Engine Automates notification to clients regarding upcoming events (e.g., proxy, rights issues, tender offers).		No information available
Configurable Templates Customizable notifications, election instructions, and event summaries.		No information available
Multichannel Notification Supports email, web portal, SMS, push, and secure messaging.		No information available
Digital Client Elections Online interface for clients to submit voluntary action instructions.		Online client instruction portal is supported with digital election mechanisms.
Instruction Aggregation Aggregates client responses and generates summary instructions for market submission.		No information available
Election Deadline Management Automatically calculates and enforces client response dates and reminders.		No information available
Instruction Validation Real-time checking for valid elections based on position and eligibility.		System validates instructions in real-time against holdings and event eligibility.
Late Instruction Handling Defines protocols and warnings for late or amended client responses.		No information available
Document Storage Stores and archives submitted instructions, supporting documents, or consents.		No information available
Response Tracking Dashboard Live monitoring of response rate, missing instructions, and pending follow-up.		No information available

Position Snapshotting Automatic capture of client holdings at record date/time for entitlement calculation.		No information available
Multi-Level Pro-Rata Allocation Distributes proceeds based on specified rules (e.g., priority, rounding, pro-rata at multiple entity levels).		No information available
Multiple Account Types Handles entitlements for different account types (retail, institutional, omnibus, nominee).		No information available
Cash and Stock Proceeds Processing Automated calculation of both cash and securities outcomes for all clients.		Product supports both cash and stock entitlement processing.
Fractional Share Rounding Rules Configurable parameters for managing fractions (e.g., cash-in-lieu, carryforward).		Fractional share handling/rounding and configuration documented.
Residual and Adjustment Handling Ability to track, adjust, and process residual balances from corporate actions.		No information available
Eligibility Verification Checks if clients/accounts are eligible for specific events or options.		No information available
Restatement Support Recomputes entitlements if official event details are restated post-processing.		Audit and correction functionality in place for restatements.
Audit Reports Creates detailed logs and audit reports of all entitlement calculations.		Audit reports of all entitlements are offered.
Bulk Adjustment Capabilities Easily process corrections or adjustments affecting multiple clients/accounts.		No information available

Automated Settlement Instructions Auto-generation of settlement entries for both cash and stock movements.		Automated settlement instructions for cash and security movement referenced.
SWIFT/ISO Settlement Messaging Creates, sends, and consumes standardized settlement messages (e.g., MT564, ISO 20022).		Product creates and processes SWIFT MT564/568 and ISO 20022 settlement messages.
Real-Time Posting Immediate posting of entitlements and movements to client and firm accounts.		No information available
Settlement Status Tracking Monitors status of cash/securities movement and highlights unsettled items.		No information available
Partial/Failed Settlement Handling Supports handling, reprocessing, and investigation of failed or partial settlements.		No information available
Auto Reconciliation Automated reconciliation of bookings with custodians, CSDs, or sub-ledgers.		No information available
Manual Overrides Users can manually adjust bookings or settlements with tracked authorization.		No information available
Multi-Stage Settlement Workflow Configurable steps from preliminary to final settlement.		No information available
Audit Trail for Settlement Changes Detailed logging of all settlement amendments or reversals.		No information available
Settlement Confirmation Notifications Sends confirmations to clients or counterparties upon completion.		No information available

Four-Eyes Authorization Dual authorization required for sensitive operations (e.g., major booking amendments).		Dual control (four-eyes) feature is available for sensitive operations.
Configurable Maker-Checker Custom rules for checker review and approval for designated workflows.		No information available
Regulatory Reporting Automation of required regulatory submissions (e.g., to FCA, SEC).		No information available
Compliance Rules Engine Allows rules to define exceptions, embargoed securities, or other regulatory constraints.		No information available
Access Control & Segregation of Duties Granular role-based access management and audit for all user actions.		No information available
Incident Logging Tracks and escalates processing exceptions, breaks, or compliance issues.		No information available
SOX/ITGC Audit Features System features facilitating Sarbanes-Oxley audits: logging, review, attestation.		No information available
Data Retention Policies Configurable rules for archival and deletion per regulatory requirements.		No information available
Pre-processing Validation Checks completeness and compliance of events before processing.		No information available
Error Handling & Exception Reporting Customizable handling and escalation for compliance or business rule violations.		No information available

Standard Report Library Pre-built suite of reports (pending events, posted entitlements, breaks, etc.).		No information available
Custom Report Builder User-driven custom report definition with parameterized queries.		No information available
Real-Time Metrics Dashboard Live dashboards presenting current event processing and workflow status.		No information available
Exception Reporting Reports on all process failures, breaks, or reconciliation mismatches.		No information available
Audit Trail Exports Exports of historical activity logs and changes for regulatory review.		No information available
Automated Scheduled Reporting Configurable scheduled generation and distribution of key reports.		No information available
Ad Hoc Query Tools Advanced tools for users to build and run ad hoc data queries.		No information available
Export to Excel/CSV/PDF Support export of data and reports in common formats.		No information available
Data Visualization Inbuilt charts, graphs, or visualizations of key trends and volume statistics.		No information available
Role-Based Report Access Access to reports and dashboards based on user permissions.		No information available

Encryption In Transit & At Rest Data is encrypted both when stored and in transit between systems/users.		Encryption in transit and at rest mentioned as a standard compliance security feature.
Single Sign-On (SSO) Integrates with enterprise identity and authentication providers.		SSO integration claimed as part of enterprise deployment options.
Multi-Factor Authentication (MFA) Supports strong user authentication mechanisms.		Support for multi-factor authentication is referenced in security section.
Penetration Testing Certification Subject to regular external security testing and certification.		No information available
Data Masking & Redaction Sensitive data masked in user interfaces and exports where appropriate.		No information available
Change Management Logging Tracks all configuration, patching, and upgrade activity with audit logs.		No information available
Disaster Recovery Capabilities Supporting failover, backup, and recovery in case of technical outages.		Product advertises business continuity and disaster recovery options.
Uptime Guarantee Service-level agreement on system uptime.		No information available
Hosting Model (Cloud/On-Premise/Hybrid) System available for deployment in various infrastructure models.		No information available
Scalability Ability to scale for peak loads or volume growth.		Solution is described as scalable for increasing volumes and users.

Average Event Processing Time Typical time taken for an event from ingestion to completion.		No information available
Concurrent User Support Maximum number of active users supported simultaneously.		No information available
Intuitive User Interface Ergonomic, easy-to-navigate, modern graphical user interface.		Web-based modern UI with ergonomic navigation described.
Help Desk & Vendor Support 24/7 help desk and direct vendor escalation channels.		24/7 support and vendor escalation provided by Dion according to product datasheet.
User Documentation & Training Comprehensive user manuals, release notes, and system training provided.		Product is provided with user guides, training, and comprehensive documentation.
Configurable User Profiles Users can set preferences and personalize dashboard views.		No information available
Localization & Language Support Multi-language user interface and notifications.		No information available
Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1, Section 508).		No information available
Continuous System Monitoring Automated health checks and capacity alerts.		No information available
Release & Upgrade Management Clear release scheduling, user notification of enhancements/fixes, and rollback capabilities.		No information available

NOVA Corporate Actions from Dion Global Solutions

Product analysis by function

Corporate Actions Processing Systems for Operations

Corporate Actions Coverage (8 Yes /8 Known /10 Possible features)

Automation & Workflow (8 Yes /8 Known /10 Possible features)

Data Integration (8 Yes /8 Known /10 Possible features)

Client Notification and Elections (2 Yes /2 Known /10 Possible features)

Entitlements & Position Management (4 Yes /4 Known /10 Possible features)

Settlement and Posting (2 Yes /2 Known /10 Possible features)

Controls & Compliance (1 Yes /1 Known /10 Possible features)

Reporting & Analytics (0 Yes /0 Known /10 Possible features)

Security & Infrastructure (5 Yes /5 Known /10 Possible features)

Performance, Usability & Support (3 Yes /3 Known /10 Possible features)