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Swift Talks up STaQS for Corporate Actions, Eyes up Tax Processing

At 21 Aug 2008 11:37:27 in RDR-Corporate Actions, Reference Data Review    Print Article  Email Article   Full content requires subscription 

Swift’s corporate actions message testing service, launched in April this year, has gained significant backing from the custodian community, says Max Mansur, senior product and markets manager at Swift. The Simulation Test and Qualification Service (STaQS) allows Swift’s customers to see how their usage of corporate action messages compares to market practice guidelines established by global and local business standards groups. According to Mansur, a number of custodians have indicated that they will be cascading the service down to their sub-custody networks.



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