Investment Services/Securities Services
The key issues that surround any organization are risk, complexity and high monetary stakes involved in the various trust and agency service offerings. In the Custody business, the ability to safekeep assets, effectively employ technology to efficiently process huge volumes of transactions and process corporate actions is critical. For instance, nearly one million corporate actions take place every year worldwide. A single event may involve hundreds of different market participants ultimately cascading down to thousands of investors. Each of these participants faces high risk, which could run into tens of millions of euros because corporate action processing is complicated, deadline driven, non-standardized and to a large extent, still manual.
Backed by in-depth domain knowledge, HCL offers business aligned services and solution frameworks in the area of Custody, Collateral management, Clearing and Settlement, Securities Processing among other related services.
HCL has a dynamic expertise in Corporate Trust and Custody Functional Landscape, experience in developing solutions across Issuance, Payment and Settlement Instructions, Stock Lending and Borrowing, Corporate Actions Filtering and Processing, Agency Services, Billing and Customer Reporting, General Ledger Systems, Depository Services, Proof and Control and custodial services.
Service Offerings
- Technology solutions covering the entire corporate trust and custody landscape including operations solutions for issuance and paying agency, structured finance, securities lending, corporate actions and custodial services
- Development of issuance and payment agency applications and asset-backed investor reporting system
- Applications Re-engineering from legacy technology to SOA based technologies
- Process consultancy for Corporate Actions through technology & process re-engineering
- Solution for tracking and automating Corporate Actions processing - flexible workflow driven solution that automates CA processing, enabling Fund/ Portfolio Managers and Securities Trading Organizations to achieve increased levels of STP of corporate action events
- Products serviced include - Equities, Fixed Income, Derivatives, Exotics, Program and Term Debt , Project Finance, Syndicated loans , Conduits and Structured Investment Vehicles, ABS, MBS, CDO, Repackaging, Auction Rate Notes, Municipal Debt
Highlights
- Round the clock operational support across the processes, right from Trade origination till Settlements for over 20 markets across all geographies including Americas, Europe, Asia, and Australia
- Re-engineering the complete Corporate Trust landscape and migrated legacy technologies based application to SOA. NET enterprise
- Extensive Risk Management Capabilities - Credit Risk, Market Risk and Counterparty Risk
- Experience in building applications enabling STP, for all major product types
- Ability to handle complex and high-risk Corporate Actions processes, with 500+ person years of experience, with transactions worth USD 15 Billion per day
