 | is a J2EE-based corporate actions processing system, automating a wide range of events |
from the initial corporate action data input to its final execution. The management rules for each event type are user definable and allow setup of the different impacts of the event, its outputs and exceptions management per client, event type, market, etc. megacor® is delivered as an integrated part of megara®. It can also be integrated with other settlement products and legacy systems. This flexibility has allowed Vermeg to install Megacor® across different lines of business: - Retail and institutional services
- Global and regional custodians
- Broker/dealer
- Outsourcing providers
- Investment managers
- Central Banks
| megacor®, the Corporate Actions processing stand-alone module of megara®, has been awarded the SWIFTReady Label for Corporate Actions since its inception in 2003. |
Highlights:- Already implemented in more than 15 countries
- Coverage of more than 60 markets
- Swift 15022 compliant
- Standard set-up of the Swift list of 55 Corporate Actions
- Supports standard and local market practices
- Multi-entity and global processing support into a single environment
- Web-based access for users and clients (ability to execute bulk elections)
- High-volume capability
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