Dividend Claims

Replacing the inefficient manual claims process, Pirum's comprehensive Dividend Claims service for the securities lending and repo markets cover:

• Daily submission of open claims extract file by participants
• Full reconciliation of all open / outstanding claims daily
• Calculation of claims that are "matched & ready to pay" and associated file extract for automated payment by clients
• Web based presentation / search of claim payment pre-advice information

Service benefits:

• Efficient process, enabling STP of claim payments and exception only investigation
• Helps ensure claims are paid on time and reduces the requirement for interest claims on late payment
• Facilitates rapid identification and resolution of claim breaks
• Ensures all outstanding claims are visible & not mislaid/lost
• Enables investigative work to resolve breaks to be recorded and communicated to the counterparty via user notes

User Interface features:

• Secure access with individual user certificate authentication
• Reporting into Excel spreadsheets, including filters and sorting
• Breaks may be annotated with shared and / or private notes
• Individually personalised filtering and sorting
• Search for multiple securities and account codes
• Filtering for selected break reasons
• Clear highlighting and identification of broken fields
• Personalised Statistics and changes