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NH Investment & Securities collaborate with IHS Markit to launch a global IB standard for Overseas Stock Rights Information Inquiry Service
25 February 2022
NH Investment & Securities (CEO Jung Young-chae,
www.nhqv.com) announced on the 25th that the company will open the
global IB level to enhance the convenience of overseas stock
trading customers. With the opening of the service, basic
information such as dividends and stock split of foreign stocks in
customer accounts, as well as sensitive information such as trading
suspension and delisting, can be provided faster and more
accurately than any other domestic securities company.
In the case of overseas stock rights information provided in
South Korea, the procedures are different for each country, and the
planned dates for mergers/splits, etc. change frequently,
increasing the customers' inconvenience. Also, since overseas stock
rights are confirmed through the Korea Securities Depository, it
takes 2-3 days longer than in the local market for the rights
information to be reflected in the customers' accounts. As the
number of overseas stock transactions by domestic customers has
increased significantly, the demand for the equivalent level of
rights information as in the local market is increasing.
Accordingly, NH Investment & Securities' upgraded, is a
service that takes overseas rights information to the next step,
which has been weak in the domestic securities industry, to the
level of the world's top-tier financial institutions for the first
time in the industry. With the opening of this service, NH
Investment & Securities customers can have access to the
overseas stocks corporate actions information easily. It provides
not only information on stock split and dividends, but also
important information on scheduled rights events, such as
suspension, delisting, and bankruptcy, which are essential for
stock trading.
NH Investment & Securities is the first in the industry to
provide customers with verified rights information at the level of
global securities companies in a timely and accurate manner through
solutions from IHS Markit, a world leader in critical information,
analytics, and solutions. NH Investment & Securities
shareholding securities are up to 11,000 securities currently, and
it is estimated that the number of corporate actions events
processed will exceed 100,000 annually.
IHS Markit verifies the corporate actions information for more
than 3 million securities across 170 countries supporting global,
regional investment banks, asset managers, hedge funds, and other
financial institutions with industry-leading corporate actions
solutions. Through this service, NH Investment & Securities
will provide customers with accurate and clear information on
overseas rights.
NH Investment & Securities' LEE Seung-Ah, Head
of Global Product Solutions Division, said "As the number of
overseas stock trading customers is rapidly increasing, we decided
to open this service because we thought that providing timely and
accurate information on overseas corporate actions should come
first more than anything" We will continue to provide services at
the level of top-tier global investment banks, starting with stock
rights information inquiry service." In addition, he added, "We
will continue to strive to discover various services that give
convenience to our stock trading customers."
"Missing a corporate actions event or making a
business decision based on inaccurate data continues to be a huge
operational, financial and reputational risk for financial
institutions of all sizes across the world." said JD Singh,
Managing Director, Global Head of Corporate Actions &
Securities Processing at IHS Markit. "As corporate actions continue
to be challenging, the rise of higher volumes of more complex
corporate actions adds another level of risk," he said. "We are
delighted to provide accurate, timely, and transparent information
to Korean investors through our agreement with NH Investment &
Securities," he added.
About IHS Markit Corporate Actions Solution
Monitor and manage the risk and complexities of your corporate
actions operations with the only solution that brings together the
power of award-winning validated golden-source data and an
industry-leading Corporate Actions processing platform. Learn
more.
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
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May 12
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