Each security has, at some point in time, a corporate action associated with it. These corporate actions are automated in OBS-WPS. Depending on the type of corporate action the information is taken from the OBS-WPS own database or it is read into OBS-WPS from an external providor or, especially in the case of exotic securities, data are manually recorded in OBS-WPS.

The following functionality is available in OBS-WPS:

• Online access to corporate actions and positions
• Automated loading of corporate actions data from third party providors and depositories (SWIFT-Format, WM, etc.)
• Automated processing in adherence to standing instructions
• Taking the conversion rules into consideration automated booking of:
  • Interest
  • Redemptions
  • Dividend payments
  • Fund payments
• Automated processing of all types of corporate actions
• Generation of advices and invoices
• Generation of securities transactions from corporate actions
• Management of AGMs
• Generation of advices for AGMs