Worldwide Dividends
There is an increased need for timely, accurate and complete information due to faster settlement deadlines, greater risk exposure and increased market consolidation.
Worldwide Dividends has been developed in response to market forces and suggestions from clients. This service sources Dividend Announcements directly from over 130 exchanges on a daily basis. It aims to not only reduce the number of different feeds needed, but to increase efficiency through the reduction of staff time taken to process dividend information.
The Web-based interface allows the user to search for all new Dividend announcements (Cash or Stock) for any individual exchange or a group of exchanges, over a period of time, ranging from one day to one year. With such fields of information as: Ex, Record and Pay Dates, Pay Rates, Currency, Issuer Name, Security Description, Local, Sedol and ISIN codes, the user is able to access complete details on any given dividend.
This enhanced service also offers a Portfolio Import Facility, which allows the user to load a Portfolio into the service via Sedol, ISIN or Local code, and have a detailed dividend report produced based upon those securities held within the portfolio. In addition, the end user can have the added benefit of automatically being alerted to new dividends announced for their portfolio by receiving an e-mail in their in-box via the E-mail Notification function.
The user can use additional search options ranging from Issuer Name to Local Code to find specific stocks. Additional search options allows date range searches on all Ex, Record and Pay dates that occur with in that date range.
An added feature is the ability to search for a Global Issuer Name. Many Issuers have securities listed on multiple exchanges, the majority under slightly different spellings, and the ability to match an Issuer to its globally recognized name has become vital in order to obtain the complete list of securities that the Issuer has issued.
Worldwide Dividends will help centralize a firm’s Dividend Operations, while reducing risk and saving both time and money. The data is also available as a data feed, to enable firms to populate mainframe systems and in-house security portfolios.