Brandes will also roll out the eTRAN (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for the automated notification of corporate actions to fund managers, the electronic capture of responses for voluntary and optional events, and the automation of instructions to its global custodian and prime broker networks.
The XSP application is ISO 15022 compliant and features comprehensive data management components, workflow management modules, web and SWIFT ISO messaging for client notification and response capture, and complete entitlement processing. Utilizing its rules-based, data-scrubbing engine with built-in exception handling capabilities, the XSP software captures and sanitizes data from multiple market, vendor and custodian data sources.
Brendan Farrell, CEO of XSP, said: This new account win is extremely exciting for XSP as Brandes Investment Partners is one of the largest private asset managers in the US. They are a well-respected name in the business with a philosophy of practicing long-term strategy in their investment process. With the XSP software, they will continue to serve the best interest of their clients by implementing a solution that automates their Corporate Actions process.
