Information Mosaic Joins Case Study Panel at SIFMA Global Corporate Actions Summit

NEW YORK, May 13 /PRNewswire/ -- Information Mosaic, the global provider of post-trade automation solutions, will be joining a case study panel at SIFMA Global Corporate Actions Forum on May 21, 2010 in New York, to detail the best practice model for processing a recent complex corporate action. At the event, Information Mosaic will also be discussing how institutions can innovate in this area to drive business growth, improve customer service and overcome challenges posed by risk and regulatory reform.

Gerard Bermingham, Vice President of Business Strategy for the Americas, will join Richard Ryndak of Wolters Kluwer Financial Services and Martin Foont of GlobeTax Services to present the lifecycle of a complex corporate action including announcement, entitlement and eligibility calculations, and tax reclamation.  The panel, entitled "Case Study - Global Corporate Actions, Taxation, Processing and Measuring Operational Risk" will highlight the tax implications, operational requirements, risk factors and proper tax reclaim procedures for a recent American Depositary Receipt (ADR).  

Information Mosaic is a recognized market leader for corporate actions automation, achieving record scores in B.I.S.S. 2009 corporate actions benchmark tests. Gerard will detail how a corporate actions automation application such as Information Mosaic's cama™ would standardize and scrub the announcement data; check the validity of the referenced security in the Security Master File; apply processing rules for the event; perform client eligibility and entitlement calculations; apply proper tax rates; produce allocations; generate notifications to all interested parties; and create an interface file to a tax reclamation provider.  

The panel session will take place at 1:45pm EDT at the SIFMA Conference Centre at 120 Broadway in New York. Gerard Bermingham will be available for interviews on-site. For further details or to schedule an interview please contact Amy Kester on the details below.

About Information Mosaic

Information Mosaic is a trusted global provider of advanced post-trade automation solutions to the securities industry, to include custody, asset servicing, private wealth, asset management and investment banking. The company is a recognized market leader for corporate actions automation, winning the 2009 European Banking Technology Readers' Choice Award for best corporate actions solution and achieving record scores in B.I.S.S. 2009 corporate actions benchmark tests.

Founded in 1997, Information Mosaic currently supports the post-trade operations of over 60 financial institutions worldwide. The company has a proven track record of helping financial institutions transform post-trade operations, enabling them to enter new markets, improve customer service and reduce the risk and cost associated with volume and complex processing. Information Mosaic's breakless post-trade automation platform removes reconciliation points and therefore reduces risk and cost for all core post-trade services including corporate actions, securities settlement, trade, portfolio and cash management.

The company supports its global customer base from offices in Dublin, London, Luxembourg, New Delhi, Singapore, Melbourne and New York.

For more information visit: www.informationmosaic.com

SOURCE Information Mosaic