Global technology service provider GBST has unveiled a product, Syn-CorporateActions, to improve the management of complex corporate actions throughout their lifecycles in various regions and markets.

As well as versatility, Syn-CorporateActions provides a user friendly environment for modelling all types of corporate actions in multiple markets.

Developed on the next-generation Syn platform, the service is claimed to be the first global rules and model-based solution. It is designed to track automatically complex multi-location owner positions instantly, simplify gathering of clean data and the thorough accumulation of coherent positions.

Built in conjunction with Atos Worldline, Syn-CorporateActions has been adapted to many specific markets and can provide a global hub for asset servicing operations.

It has the ability to calculate entitlements from numerous back office applications and feed the entitlements back to the appropriate back office.

Syn-CorporateActions advantages include the ability to track location including depots and depository accounts within owner position while accumulating and scrubbing information from the data vendors. It also enables positions and open items to be re-worked in real-time.

Aimed at brokers, dealers, custodians and third party clearers, Syn-CorporateActions can either be deployed as an integrated module with Syn BackOffice or as a standalone corporate action processing engine. Core functions supported include event capture, event lifecycle management, entitlement derivation, holder notification, movement generation (including adjustments, claims and transformations), settlement and elective event processing.