The SWIFT Organization has officially certified the Corporate Action templates of eleven categories made by Shenzhen Securities Information Co., Ltd. in recent days, confirming that these templates totally comply with the standard ISO15022. On Sept 8, 2009, the General Manager of SWIFT China region branch personally granted the certification to the Shenzhen Stock Exchange. It is known that Shenzhen Securities Information Co., Ltd. is so far the only one in China obtaining the certification, the only information provider in China with the ability to send the Corporate Action templates via SWIFT network.
Zou Sheng, General Manager Assistant of the Shenzhen Stock Exchange attended the certification ceremony. He pointed out that all kinds of information standardization construction, including SWIFT corporate action information, benefit the opening-up of China’s capital market and information publicity, conducive to further push forward the information standardization construction of China’s securities market, also facilitating the Shenzhen Stock Exchange to expand its market influence and service capability.
Corporate Action (referred to CA) means those affairs launched by listed companies affecting stocks, e.g. dividend, tender offer, name change, new-share offering, holding the General Meeting and so on. SWIFT Organization has put forward the whole set of information contents and format criterion as regards Corporate Action, which has been recognized by the international standardization organization, coming into being the ISO15022, ISO20022 standard.
The headquarters of SWIFT (Society for Worldwide Inter-bank Financial Telecommunication) is based in Belgium, a financial trade cooperation organization. To date, 115 domestic banks, 112 foreign-funded banks in China have been SWIFT clients.
Shenzhen Securities Information Co., Ltd. is the subordinated institution of the Shenzhen Stock Exchange, putting many-year efforts to collection and development of fundamental information in relation to the multi-layered capital market, ending up with the most authoritative data source in China’s capital market. For a long time, it put the focus on the information standardization construction. In April, 2007, the Company was the first in China to provide the CA information service for QFII trust banks. On Sep 16, 2008, the Shenzhen Stock Exchange and the Society for Worldwide Inter-bank Financial Telecommunication jointly signed the Cooperation Memorandum at the annual meeting of SWIFT, approving the cooperation in respect of providing CA information service via network. In April 2009, China securities market practices market of the SWIFT Organization made the discussion, based on 18 CA templates prepared by the Shenzhen Securities Information Co., Ltd., establishing the practicing criterion of the unified format for China’s market. In September 2009, the Shenzhen Securities Information Co., Ltd. officially put it into operation after upgrading the SWIFT information service platform, taking further step to improve the quality of SWIFT CA information service.
SWIFT Organization expresses high praise for exploration contribution made by the Shenzhen Stock Exchange in respect of SWIFT CA information service, and it hopes that the Shenzhen Stock Exchange continuously complies with the ISO15022 standard, explores and deepens the application of SWIFT in China’s securities market in combination with the CA practices in China market.