GoldenSource to Discuss Role of Standardisation in Reducing Risk at Corporate Actions Webinar

Jun 15, 2010, 04:00 ET from GoldenSource

LONDON, June 15 /PRNewswire/ -- GoldenSource Corporation, a leading provider of Enterprise Data Management (EDM) solutions, will participate in a Corporate Actions: Standardisation webinar moderated by Inside Reference Data (IRD) on Tuesday 15th June. The panel, which includes industry peers Fidelity ActionsXchange, SEB Merchant Banking and SIX Telekurs, will discuss reducing risk in corporate actions processing, the current state of play with industry standards development, and standardisation best practice.

The drive to further reduce risk has lead to a renewed focus on corporate actions processing among financial markets. Introducing a uniform, 'golden copy' master data set for corporate actions makes standardisation and normalisation of notifications realistic, and would considerably reduce related losses. The focus for the industry now is to demonstrate the advantages of the new standards such as XBRL and ISO 20022 to issuers to encourage their rapid adoption.

Gert Raeves, SVP strategic business development at GoldenSource, will highlight the business case for the use of XBRL in corporate actions, and discuss both the current standards status quo and the future standards landscape. He will also discuss best practice for ensuring optimal corporate actions processing through golden copy master data, including looking at:

  • The need for industry collaboration in developing global standards;
  • How to best educate issuers about the importance of standardisation;
  • The adoption of ISO 200022 and XBRL; and
  • How improved data quality can advance adoption of new market regulation.

The webinar will take place at 10am EDT/3pm BST on Tuesday 15th June. For those interested in attending the webinar, please go to http://mediazone.brighttalk.com/event/IRD/7f278ad602-3951-intro.  

Press note: Gert Raeves is available for press interviews and briefings prior to and after the webinar.  Please contact Nicola Garvin using the information below to coordinate an interview.

About GoldenSource

GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.

Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organise and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.

A proven supplier of on premises EDM solutions to the world's largest financial institutions, GoldenSource also powers managed data services via the innovative Powered by GoldenSource™ program.

For more information, visit: http://www.thegoldensource.com.

UK press office:

Metia

Nicola Garvin

Tel: 020 3100 3586

Email: metiagoldensource@metia.com



SOURCE GoldenSource



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