Investment Services/Securities Services

Overview

The key issues that surround any organization are risk, complexity and high monetary stakes involved in the various trust and agency service offerings. 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.

HCL Service Overview

HCL provides technology and operations solutions for issuance and paying agency, structured finance, securities lending, custodial services in corporate trust and custody space.

We have over 500 person years of expertise in corporate trust functional and solution landscape, applications and technologies across pre-issue, issue, management, closure and data management. Our expertise spans 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.

We have undertaken development of issuance and payment agency applications and asset-backed investor reporting system. HCL has re-engineered corporate trust applications from legacy technology to SOA based .Net platform for a global investment bank. The following services comprise HCL's canvas in this area:

Highlights

• More than 1200 person years of experience in providing end-to-end support in trust and securities technology
• Expertise in servicing debt instruments, structured financial products and equity products
• Application development, support and maintenance across the spectrum of trust and securities services
• Application re-engineering with an intent to enhance STP environment based on Service Oriented Architecture
• Transforming legacy technology to application-based technologies thereby reducing the number of platforms and niche skills required to support applications

Domain Areas serviced

• Principal & Interest Billing
• Corporate Actions
• Common Depository
• Principal Paying Agency
• Fee Billing
• Proof & Control

Products serviced

• Program and Term Debt
• Project Finance
• Syndicated loans
• Conduits and Structured Investment Vehicles
• ABS, MBS
• CDO
• Repackaging
• Auction Rate Notes
• Municipal Debt

Case Studies

Reduced Operational Risk for a global Investment Bank by re-engineering of Issuance and Payment Agency Applications

Improving efficiency of application systems of Trust and Agency services unit for a global investment bank