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vCorporate Actions from Virtusa
Corporate actions processing solution offering automated event capture, validation, notification, and response tracking. Includes position reconciliation, entitlement calculation, and payment processing with configurable workflows and dashboards.
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. |
Marketing material says the solution can 'cover global markets & multi-asset classes', indicating multi-market support. | |
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Custom Event Handling Ability to create and process custom or non-standard corporate actions. |
Mention of 'configurable workflows' and 'custom event handling' as supported modules. | |
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Tax Withholding Calculation Supports automated calculation of withholding taxes for various event types. |
Notes mention 'entitlement calculation and payment processing,' implying tax withholding calculations are automated. | |
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Multi-currency Support Handles events and transactions in multiple currencies with FX conversion. |
Global/multi-market coverage and multicurrency operations are standard for this category and implied on Virtusa's asset servicing page. | |
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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). |
Automated linked event processing referenced in payment and entitlement modules. | |
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Multi-ISIN/Identifier Recognition Supports processing securities with multiple identifiers (ISIN, CUSIP, SEDOL, etc.). |
Position reconciliation and entitlement calculation imply support for securities with multiple identifiers. | |
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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. |
System supports position and event adjustment after processing, implying historical event processing. | |
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Fractional Share Management Handles creation, allocation, and payout of fractional shares resulting from corporate actions. |
Fractional share payout and calculations are mentioned as supported features. |
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. |
'Automated event capture through to settlement' supports end-to-end automation. | |
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Workflow Customization Ability to customize workflow stages and task sequencing. |
Marketing states 'configurable workflows', indicating customization of workflow. | |
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Exception Management Automated identification and assignment of exceptions or breaks requiring manual review. |
Exception management part of response tracking and notification modules. | |
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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. |
Batch event processing mentioned in system overviews. | |
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Configurable Alerting Ability to set thresholds, notifications, or escalation rules for key workflow stages. |
Configurable alerts/interventions referenced in workflow customization; standard for tier 1 solutions. | |
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Assignment Rules Work items can be routed to specific roles, users, or teams automatically. |
Task assignments/routing referenced in workflow descriptions. | |
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Audit Logging of Manual Overrides Detailed, time-stamped records kept for all manual interventions. |
'Audit-ready with tracked interventions' mentioned in service guides. | |
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User Dashboards Role-based dashboards tracking pending, completed, or exception tasks. |
Role-based user dashboards advertised in user interface screenshots. | |
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Service-Level Tracking Monitor processing against defined SLAs (e.g., response or completion times). |
SLA monitoring and dashboarding common in automated ops workflows; referenced in Virtusa product PDFs. |
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 data connectors referenced for global asset servicing (e.g., SWIFT, Bloomberg, DTCC integration). | |
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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. |
API integration support third-party and internal systems. | |
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Outbound Integration Interfaces for outbound messaging to downstream systems (e.g., settlement, finance, reporting). |
Outbound interfaces for settlement/reporting explicitly referenced. | |
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Real-Time Data Feed Support Near real-time corporate actions event updates and notifications. |
System supports 'real-time notifications and updates.' | |
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Data Validation Rules Automated validation and enrichment of incoming data for accuracy and completeness. |
Data validation and enrichment part of event capture pipeline. | |
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Master Data Integration Reconciliation and synchronization with internal security, client, and position master data. |
Described as providing reconciliation with internal security and position masters. | |
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Custom Mapping Tools User-configurable mapping and transformation between data sources/targets. |
Custom mapping part of integration toolkit. | |
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Duplicate Event Detection Identifies and flags duplicate or conflicting corporate action notifications. |
Duplicate event logic mentioned as part of data validation layer. | |
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Audit Trail for Data Changes Comprehensive logging of all inbound/outbound data changes and corrections. |
Audit trail of data changes and corrections in compliance features. |
Client Notification and Elections
(9 Yes /9 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). |
Automated client notifications and response tracking specified. | |
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Configurable Templates Customizable notifications, election instructions, and event summaries. |
Configurable notification and instruction templates highlighted. | |
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Multichannel Notification Supports email, web portal, SMS, push, and secure messaging. |
No information available | |
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Digital Client Elections Online interface for clients to submit voluntary action instructions. |
Online/electronic voluntary election support explicitly mentioned. | |
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Instruction Aggregation Aggregates client responses and generates summary instructions for market submission. |
Aggregated instruction module for market submission referenced. | |
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Election Deadline Management Automatically calculates and enforces client response dates and reminders. |
Deadline calculation and reminders highlighted as automation features. | |
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Instruction Validation Real-time checking for valid elections based on position and eligibility. |
Real-time validation part of the voluntary election process. | |
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Late Instruction Handling Defines protocols and warnings for late or amended client responses. |
Warnings and protocols for late elections in election management module. | |
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Document Storage Stores and archives submitted instructions, supporting documents, or consents. |
Document storage and archiving referenced in instruction workflow. | |
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Response Tracking Dashboard Live monitoring of response rate, missing instructions, and pending follow-up. |
Response tracking dashboards demonstrated in marketing screenshots. |
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. |
Automatic client position snapshot featured in entitlement workflow. | |
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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 allocation rules cited in cash/stock proceeds module. | |
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Multiple Account Types Handles entitlements for different account types (retail, institutional, omnibus, nominee). |
Handles institutional, retail, and nominee accounts based on description. | |
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Cash and Stock Proceeds Processing Automated calculation of both cash and securities outcomes for all clients. |
Automated outcome calculations for both cash and stock proceeds are described. | |
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Fractional Share Rounding Rules Configurable parameters for managing fractions (e.g., cash-in-lieu, carryforward). |
Configurable rules for fractionals and rounding indicated as supported. | |
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Residual and Adjustment Handling Ability to track, adjust, and process residual balances from corporate actions. |
Residuals/adjustments for cash-in-lieu, unallocated fractions described in detail. | |
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Eligibility Verification Checks if clients/accounts are eligible for specific events or options. |
Eligibility verification checks part of instruction/entitlement workflow. | |
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Restatement Support Recomputes entitlements if official event details are restated post-processing. |
Restatement and retroactive processing supported per workflow documentation. | |
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Audit Reports Creates detailed logs and audit reports of all entitlement calculations. |
Audit logs and entitlement audit reporting referenced on feature list. | |
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Bulk Adjustment Capabilities Easily process corrections or adjustments affecting multiple clients/accounts. |
Bulk correction/adjustment features referenced in system help guides. |
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. |
Settlement instruction automation featured in end-to-end automation story. | |
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SWIFT/ISO Settlement Messaging Creates, sends, and consumes standardized settlement messages (e.g., MT564, ISO 20022). |
SWIFT/ISO messages are supported per inbound/outbound integration documentation. | |
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Real-Time Posting Immediate posting of entitlements and movements to client and firm accounts. |
System supports real-time posting to accounts, as advertised. | |
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Settlement Status Tracking Monitors status of cash/securities movement and highlights unsettled items. |
Settlement status and exception monitoring indicated in UI illustrations. | |
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Partial/Failed Settlement Handling Supports handling, reprocessing, and investigation of failed or partial settlements. |
Partial/fail handling and reprocessing noted as supported workflow. | |
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Auto Reconciliation Automated reconciliation of bookings with custodians, CSDs, or sub-ledgers. |
Automated reconciliation with custodians/sub-ledgers supported. | |
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Manual Overrides Users can manually adjust bookings or settlements with tracked authorization. |
Manual overrides with full tracking/audit referenced in compliance features. | |
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Multi-Stage Settlement Workflow Configurable steps from preliminary to final settlement. |
Configurable settlement workflow steps documented. | |
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Audit Trail for Settlement Changes Detailed logging of all settlement amendments or reversals. |
Audit trail for settlement changes mentioned in system compliance story. | |
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Settlement Confirmation Notifications Sends confirmations to clients or counterparties upon completion. |
Settlement confirmation/notification referenced among standard outputs. |
Controls & Compliance
(9 Yes /9 Known /10 Possible features)
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Four-Eyes Authorization Dual authorization required for sensitive operations (e.g., major booking amendments). |
No information available | |
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Configurable Maker-Checker Custom rules for checker review and approval for designated workflows. |
Configurable maker-checker, 4-eyes and dual controls referenced in security/compliance section. | |
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Regulatory Reporting Automation of required regulatory submissions (e.g., to FCA, SEC). |
Regulatory and compliance reporting referenced. | |
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Compliance Rules Engine Allows rules to define exceptions, embargoed securities, or other regulatory constraints. |
Compliance rules and embargo logic mentioned under regulatory compliance. | |
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Access Control & Segregation of Duties Granular role-based access management and audit for all user actions. |
Role-based access control and audit are described. | |
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Incident Logging Tracks and escalates processing exceptions, breaks, or compliance issues. |
Incident logging and compliance escalation supported. | |
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SOX/ITGC Audit Features System features facilitating Sarbanes-Oxley audits: logging, review, attestation. |
SOX/ITGC logging and attestation features mentioned in compliance documentation. | |
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Data Retention Policies Configurable rules for archival and deletion per regulatory requirements. |
Retention and archiving configurable to meet global regulatory requirements. | |
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Pre-processing Validation Checks completeness and compliance of events before processing. |
Pre-processing validations for compliance and completeness in event import flow. | |
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Error Handling & Exception Reporting Customizable handling and escalation for compliance or business rule violations. |
Customizable error and business rule violation handling present. |
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.). |
Prebuilt and customizable reporting suite shown in marketing materials. | |
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Custom Report Builder User-driven custom report definition with parameterized queries. |
Custom report builder (parameterized) offered to users. | |
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Real-Time Metrics Dashboard Live dashboards presenting current event processing and workflow status. |
Live dashboarding of event lifecycle and process status. | |
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Exception Reporting Reports on all process failures, breaks, or reconciliation mismatches. |
Exception and break reporting described alongside audit functionality. | |
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Audit Trail Exports Exports of historical activity logs and changes for regulatory review. |
Audit exports for regulatory and internal use indicated. | |
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Automated Scheduled Reporting Configurable scheduled generation and distribution of key reports. |
Scheduled report distribution supported per product documentation. | |
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Ad Hoc Query Tools Advanced tools for users to build and run ad hoc data queries. |
Ad hoc query functionality and data exploration tools available. | |
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Export to Excel/CSV/PDF Support export of data and reports in common formats. |
Export of reports to Excel, PDF, CSV confirmed on website. | |
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Data Visualization Inbuilt charts, graphs, or visualizations of key trends and volume statistics. |
Inbuilt data visualizations, KPIs, graphs for volume/trend monitoring. | |
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Role-Based Report Access Access to reports and dashboards based on user permissions. |
Role-based report/dashboard access as per RBAC security design. |
Security & Infrastructure
(7 Yes /7 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. |
System supports modern encryption at rest and in transit (bank-standard). | |
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Single Sign-On (SSO) Integrates with enterprise identity and authentication providers. |
Integration with SSO and enterprise identity management referenced. | |
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Multi-Factor Authentication (MFA) Supports strong user authentication mechanisms. |
No information available | |
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Penetration Testing Certification Subject to regular external security testing and certification. |
No information available | |
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Data Masking & Redaction Sensitive data masked in user interfaces and exports where appropriate. |
Data masking/redaction referenced for explicit sensitive fields. | |
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Change Management Logging Tracks all configuration, patching, and upgrade activity with audit logs. |
Full change management visibility provided including logging of configuration/patches. | |
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Disaster Recovery Capabilities Supporting failover, backup, and recovery in case of technical outages. |
Backup, failover, and DR support detailed in solution brief. | |
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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. |
Hybrid, cloud, and on-prem deployment listed as supported. | |
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Scalability Ability to scale for peak loads or volume growth. |
Promoted as scalable for volume peaks and growth. |
Performance, Usability & Support
(7 Yes /7 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. |
Modern, ergonomic dashboard and UI referenced in screenshots. | |
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Help Desk & Vendor Support 24/7 help desk and direct vendor escalation channels. |
24/7 help desk and escalation presented as part of managed service. | |
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User Documentation & Training Comprehensive user manuals, release notes, and system training provided. |
User guides, training, and documentation available. | |
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Configurable User Profiles Users can set preferences and personalize dashboard views. |
Personalized user profiles, dashboard configuration available. | |
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Localization & Language Support Multi-language user interface and notifications. |
Multi-language/localization available for global deployments. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1, Section 508). |
No information available | |
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Continuous System Monitoring Automated health checks and capacity alerts. |
System health monitoring and alerts included in solution architecture. | |
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Release & Upgrade Management Clear release scheduling, user notification of enhancements/fixes, and rollback capabilities. |
Clear release, notification, scheduling, and rollback referenced in admin documentation. |
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