The Corporate Actions Working Group mission is to examine business processes throughout the life cycle of a corporate action. Our goal is to define standards for the U.S. market and examine variances with global market practice for the purpose of harmonizing corporate action messaging standards and move toward increasing automation and achieving greater STP throughout the industry.
The working group recommends enhancements/modifications to the ISO corporate action message standards to ensure they meet the needs of the market. The working group is also the forum for discussing and recommending enhancements to business processes and collaborating with other industry groups in addressing new business processes within corporate actions.
ISITC organizes itself into different areas of focus within the securities industry. Each of the seven focus areas have a dedicated committee, referred to as Working Group, comprised of ISITC members close to each of the topics of interest. These groups of industry practitioners work closely with one another throughout the year to collaborate and develop market practices and industry standards aimed at increasing efficiency and further promoting straight through processing within global securities operations.