Corporate Actions Announcement Processing System (CAAPS)

A corporate action rarely reaches you in finished form. It starts with an issuer's announcement, gets reshaped by custodians and depositories along the way, and often arrives wrapped in a different file format depending on which vendor passed it along. By the time it lands on a desk, someone in the back, middle, or front office is left piecing it together, checking it against other sources, watching for discrepancies, and hoping nothing slips through before the deadline.

The Corporate Actions Announcement Processing System, CAAPS, was built to take that burden off your team. It's the same data foundation financial institutions have relied on FII for, for over a century, now built into a single working system rather than a feed you have to manage yourself.

Built on the data you already trust

Plenty of corporate actions processing systems on the market today are only as reliable as the data running through them, and most of the firms selling that software aren't the ones producing the data. FII doesn't have that gap. CAAPS is built directly on the corporate actions data our group already produces and validates for financial institutions worldwide, so the system you're using and the data behind it come from the same place.

In practice, that means fewer integration headaches, fewer moments of wondering which source to believe, and one team accountable for the whole picture, instead of a data vendor and a software vendor pointing fingers at each other when something doesn't line up.

Managing Corporate Actions for your clients

Every corporate action passes through several hands before an investor sees the result. An issuer announces it. A custodian or depository formalizes it. And then it's your firm's job to act, usually under real time pressure, with real financial consequences if something is missed.

CAAPS was designed around that entire path, not just one piece of it:

• Consolidates data from FII and multiple sources (Depository/Custodian/Vendor) into a single unified record.
• Replaces manual spreadsheet tracking with configurable work queues and automated distribution.
• Flags high-risk events in real time using custom risk templates, not after the fact.
• Manages the full announcement,  communication, and election workflow in one platform.
•  Captures a complete audit trail of every manual decision on every event record.
• Protects against knowledge transfer risk, the workflow lives in the system, not with individuals.
• Natively supports ISO 15022 and ISO 20022, avoiding a disruptive upgrade when your organisation transitions.
• Configurable front-end built on current technology, modular base configuration, and cost-effective to deploy.

Who it's for

Back office teams handling the daily back-and-forth with custodians, depositories, and data vendors need one reconciled, trustworthy record to work from, that's what CAAPS gives them.

Middle office teams overseeing the corporate actions process need visibility into risk and exceptions without wading through raw data to find it.

Front office investment and portfolio managers need to know about events, especially the ones requiring an election, without waiting on someone else to pass the message along.

Why financial institutions choose FII

FII has been a trusted name in corporate actions and reference data since the early 20th century, over a century spent serving banks, brokerages, and asset managers.

That track record comes with the backing of the wider IPI group. Alongside Exchange Data International (EDI) and Securities Quote Xchange, FII gives clients access to a broader bench of data and pricing expertise whenever they need it.

Security isn't an afterthought, either. Our approach to data handling and information security is backed by ISO 27001 certification, and every client's workflow runs inside its own secure, encrypted environment.