BNP Paribas Automates Voluntary Corp Actions

PARIS—BNP Paribas Securities Services will go live with a system to automate voluntary corporate actions processing at the end of October, according to a panelist at the Swift-organized Sibos conference in Boston.

The implementation is part of a corporate actions program started four to five years ago in a bid to reduce manual intervention and achieve greater straight-through processing (STP). At the end of 2005, BNP Paribas completed the first phase of the project, going live with a mandator