Committed to changing the way the industry interacts with corporate actions data
Readable Corporate Action Notice (RCAN) product offers ‘readable’ documents that combine all the data elements that would be contained within a typical corporate actions data feed (e.g. a Microsoft Excel, CSV, or XML file), but instead, presents these elements in a human-readable form, similar to a news feed.
Unlike in typical corporate actions feed records, where the parts are separated out and need to be re-linked within a client-side database, the RCAN is a complete message, where all the disparate parts are pulled together.
Read Corporate Actions the same way as a New Feed
RCAN goes even further by supplying various change management features, links to related notices and even additional data points that are not found in the database from which it is derived. The notices are displayed in logical sections starting with ‘REFERENCE DATA’ in a simple style. The ‘EVENT DATA’ section always follows this and where applicable, ‘RELATED EVENTS’ and ‘PAYMENT OPTIONS’ sections follow.
If the event has been noted the Notice will conclude with a ‘DOCUMENT NOTES’ section which is usually the original source document text on which the EDI event data is based.
Advantages of RCAN:
- Intraday notices are provided at four set times throughout the day — the same frequency as the corporate actions data feeds. This gives buy-side firms all the information necessary to make informed market decisions in one simple, readable format.
- Front- and middle-office workers can remain informed of data values, making operations more efficient and decreasing the chance of corporate actions going unnoticed.
- Amalgamation of disparate data sections into one simple, comprehensive document, eliminating the need for data aggregation within a client-side database.
- Inclusion of relevant information from internal and external sources, including added data values, deletions, change management features, links to related notices, and reference and events data.