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CORAC

Control and automation of corporate actions
CORAC centralises events, positions, options, elections, instructions and reconciliations within a single operational process. It helps reduce manual intervention, manage deadlines and maintain traceability across decisions and outcomes.
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CORAC acts as a centralised, automated platform for corporate actions management.

It integrates events, positions, entitlements, elections, instructions and results, providing a common view of both standard processing and exceptions.

THE CHALLENGE IT ADDRESSES

Centralise and automate the entire corporate actions lifecycle

Corporate actions combine announcements, dates, positions, options, client elections, instructions and results within a single process. When information is fragmented and part of the process relies on manual interpretation, the risk of errors, missed entitlements and lack of evidence increases.
The transition towards ISO 20022 and SCoRE also introduces new requirements for data structuring and interoperability.

CORE CAPABILITIES

Capture and normalisation of announcements
Management of mandatory and voluntary events
Control of dates and conditions
Position capture
Entitlement calculation
Election management
Statuses and deadlines
Instructions and confirmations
Reconciliation
Work queues and exceptions
Record of decisions and changes
ISO 15022/20022 integration

VALUE FOR THE INSTITUTION

Greater control over deadlines

Reduces the risk associated with critical dates and decisions.

Less manual intervention

Automates repetitive tasks within the standard workflow.

Improved reconciliation

Links events, positions, instructions and results.

Greater traceability

Records changes, decisions, responsible parties and supporting evidence.

USE CASES

Golden copy of events

Centralisation and normalisation of announcements.

Client elections

Options, validations, statuses and instructions.

Reconciliation

Positions, entitlements, instructions and results.

ISO 20022 migration

Format coexistence and transition towards SCoRE.

IMPLEMENTATION APPROACH

Operating model

Eventos, fuentes, roles, reglas, posiciones, deadlines y excepciones.

Configuration

Workflows, data, validations, controls and interfaces.

Integration and testing

Messaging, migration, scenarios, reconciliation and volumes.

Deployment and continuous improvement

Stabilisation, metrics, support and evolution of standards.

DISCOVER CORAC

DO YOU NEED TO SIMPLIFY YOUR CORPORATE ACTIONS MANAGEMENT?

At ARENA, we can help you assess how CORAC fits into your current operating model and addresses your challenges around events, positions, elections, instructions and exceptions.

We review your current model to identify where CORAC can reduce manual intervention, streamline decision management and provide a more consistent view of the entire process.