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Global Asset Servicing Processing

The document discusses the Global Asset Servicing Processing (GASP) workflow. GASP cleanses and collates vendor information to present it in a clear manner, requiring manual intervention to resolve conflicts. It works on events from Canadian and US securities, validating data from vendors against third party applications and updating details by reviewing text. The scope covers all events and responsible parties. Work is divided into reorganizations and dividends/interest. Volume increased each month from August to October 2008. The process requires two personnel at specific EST time slots. Future processes are to be determined.

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dhirajkmishra
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59 views9 pages

Global Asset Servicing Processing

The document discusses the Global Asset Servicing Processing (GASP) workflow. GASP cleanses and collates vendor information to present it in a clear manner, requiring manual intervention to resolve conflicts. It works on events from Canadian and US securities, validating data from vendors against third party applications and updating details by reviewing text. The scope covers all events and responsible parties. Work is divided into reorganizations and dividends/interest. Volume increased each month from August to October 2008. The process requires two personnel at specific EST time slots. Future processes are to be determined.

Uploaded by

dhirajkmishra
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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GASP

Global Asset servicing Processing.

12/08/21 1
Objective of the Process

The objective of cleansing is to collate vendor


information and present it in a timely, clear and
concise manner.

This process of cleansing requires manual intervention for a


variety of reasons including but not limited to:
– Conflicting information supplied by vendors
– Incomplete information supplied by vendors
– Editing text vendor messages (mainly Euro clear)
– Dealing with inherent problems in GASP such as stacking and
mapping bugs

12/08/21 2
Work Flow of GASP
Source 1
Vendors
DTC
Bloomberg
Swift GASP
Internal Feed Product Master Global Asset Servicing Processing
Good
Data
Souce 2
Manual source Information
DTC/PTS
ADP Notes Conflicting Data
Swift Exchanges

XSP

Conficting over Following


1.Vendor cancelled
2.Default not assigned
3.Announcement date Querry
4.Unmatched Notices
5. Unmatched Custodians
6.Exdate Querry
7.Critical date Querry
8.EURO clear Notification

Consultant Corrected Data


12/08/21 3
Scope of Work as per SOW
 We have to work on all the events pertaining to Canadian and US securities.

 Validating the data provided by the various vendor and updating the events by using
the third party applications, like DTCC PTS, DTCC GCA, Bloomberg.

 Manually updating the details by reviewing the text provided by vendor.

 We have to work on the events pertaining to the responsible parties and they are
 Ekta Jain
 Emily Lebel
 John Lane

12/08/21 4
Current Scope of Work
 We have to work on all the events for all the responsible parties.

 Validating the data provided by the various vendor and updating the events by using
the third party applications, like DTCC PTS, DTCC GCA, Bloomberg, Euroclear web.

 Manually updating the details by reviewing the text provided by vendor.

12/08/21 5
The work of GASP is divided into two, they are:-
 Reorganization
1. Unmatched Reports.
2. Default not Assigned
3. Vendor Cancellation (pertain to Reorg)
4. Euro-Clear Notification
5. Announcement dates

 Dividend and Interest


1. Critical Dates Queries.
2. Ex-Date Queries.
3. Vendor Cancellation Queries.

12/08/21 6
GASP VOLUME MOVEMENT FOR THE
QUARTER (Aug – Oct, 2008)

Month VCReorg DNA AnnDt UMN UMC ECN VCDivInt Exdate Cri_Dt Total

August 396 185 722 443 1344 93 271 28 5377 8859

September 397 297 746 509 1442 156 329 30 5801 9707

October 706 259 873 905 1406 133 307 23 8759 13371

12/08/21 7
CHART of GASP VOLUME MOVEMENT FOR THE
QUARTER (Aug – Oct, 2008)

GASP VOLUME MOVEMENT FOR THE


QUARTER

16000
14000
12000
10000
8000
6000
4000
2000
0
August September October

12/08/21 8
PERSONNEL FOR THE PROCESS
NUMBER OF PERSONNEL REQUIRED

TWO PERSONS:-
– ONE PERSON-3:30 a.m. – 12:30 p.m-EST
– ONE PERSON-8:30 a.m. – 5:30 p.m.- EST

NEW PROCESS:-

To Be Decided.

12/08/21 9

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