For global treasury managers and financial institutions, Common Depository Manager serves as a link between issuing agents and the International Central Securities Depository Clearing Systems, Euroclear and Clearstream. The platform facilitates a wide variety of transactions, including conversions, transfers from 144A to Reg-S, mark-up and mark-down of new securities, and issuance of new tranches.
Manage multiple processes, including the closing of new issuances, holding global notes on behalf of Euroclear and Clearstream, monitoring for corporate actions, and claiming interest and maturity proceeds from the paying agents for subsequent payment to the ICSDs
Perform multiple functions, including marking securities up or down, rate notifications, safekeeping, income and payment processing, tax and compliance reporting, reconciliation and client reporting.
Support new issuance types: Syndicated closings for bonds, global depository receipts (GDRs), warrants, syndicated medium term notes, as well as non-syndicated closings for medium term notes, certificates of deposit and euro commercial paper.