Close

The right insights, right now

Access the latest news, analysis and trends impacting your business.

About Broadridge

MMI Issuance Automation

Find strategic advantage in optimising your operations.

Corporations looking to finance short-term debt or to raise capital through the issuance of money market instruments (MMI) must contract with Issuing Paying Agents (IPAs) to facilitate these issuances for them. The issuance process is extremely manual and tedious: IPAs are required to submit, track, and perform issuance and corporate actions manually on multiple systems and functions at DTC. This time-consuming procedure is error prone, inefficient, and heavily reliant on spreadsheets.

DOWNLOAD FACTSHEET

Automate the Issuance of Money Market Instruments at DTC

Broadridge’s Fixed Income Processing Engine, impactSM, assists firms acting in an IPA capacity by providing functionality for the issuance of Commercial Paper and Certificate of Deposits at DTC. By utilising the MMI issuance solution in impact, users with an IPA business can leverage an automated workflow to issue, action, record and reconcile their contracted obligations for new money market issuances.

MMI Issuance Automation Benefits:

  • Manage cash flow and meet liquidity requirements with less friction and errors.
  • Eliminate complexities and perform issuances from a single-entry point to streamline workflow and reduce operational risks.
  • Meet your stakeholder expectations and mitigate reputational risk by leveraging automation to gain better control of your end- to-end workflow.
  • Stay proactive and plan your payment obligations in a timely manner.
  • Save time and increase efficiencies while performing reconciliations through automated processes.

Key Features

  • PIMS Connectivity: Utilise DTCC’s Pre-Issuance Messaging Service (PIMS) from both the IPA and Broker/Dealer entities for issuance details comparison
  • MMI Submission: Submit messaging to the Money Market Issuance Transaction Function (MMI) at DTCC to initiate the issuance and deliver the securities
  • PAMM Rate Updates: Facilitate rate changes in DTCC’s PAMM (Paying Agent Money Market) application for Floating Rate instruments
  • Reconciliations: impactSM performs reconciliations and produces reports between the two systems for IPA positions, activity and payments, as well for open item maintenance
  • Payment Obligation Warning report: Produce a Warning report from impactSM to notify IPAs of upcoming payables

For additional information, please contact your Broadridge Account Manager.

Let’s talk about what’s next for you

Our representatives and specialists are ready with the solutions you need to advance your business.

Want to speak with a sales representative?

Table Heading
+1 800 353 0103North America
+442075513000EMEA
+65 6438 1144APAC

Thank you.

Your sales rep submission has been received. One of our sales representatives will contact you soon.

Want to speak with a sales representative?

Table Heading
+1 800 353 0103North America
+442075513000EMEA
+65 6438 1144APAC