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megacor® is a Java EE based corporate actions processing system, automating a wide range of events from the initial corporate action data input to its final execution. The management rules for each event type are user definable and allow setup of the different impacts of the event, its outputs and exceptions management per client, event type, market, etc.

megacor® is delivered as an integrated part of megara®. It can also be integrated with other settlement products and legacy systems. This flexibility has allowed Vermeg to install megacor® across different lines of business:

  • Global and regional custodians
  • Broker/dealer
  • Outsourcing providers
  • Investment managers
  • Central Banks

Business information

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  • + Functional details

    • Data cleansing
      • Multi feed sources
      • Comparison and rating
      • Feeds scrubbing at field level...
    • Announcement
      • Event management
      • Event notification...
    • Entitlement
      • Entitlement calculation
      • Entitlement notification
      • Adjustements
      • Reconciliation
    • Instructions
      • Collecting client instruction
      • Reminder for late instructions...
    • Payment
      • Reconciliation with custodian
      • Allocations to clients
      • Payment confirmation
      • Fees & Forex management...
    • Tax & Claims
      • Tax calculation and regulatory reporting
      • Market claims...

  • + Business problem

    MEGACOR is much more than an event scheduler or an ISO 15022 enabler:

    MEGACOR also calculates the entitled positions, processes both the cash and securities impacts at each corporate action and reconciles the results with the custodians or depositories. It operates in a multi-entity, multi-instrument, multilingual and multi-currency environment.

  • + Business opportunity

    Whether you are:

    • A Global or Local Custodian
    • A Broker Dealer
    • A Fund Manager
    You need to reduce the risks associated with missing Corporate Action deadlines or with miscalculating the correct entitlements and the consequent impact on your own securities holdings or those of your clients.

  • + Competitive advantage

    Installing MEGACOR enables your staff to concentrate on what they are best at, be it providing value added services to your clients if you are a Custodian, recognizing profitable trading opportunities if you are a Broker Dealer or maximizing the value.

    • Already implemented in 18 sites
    • Coverage of more than 70 markets
    • ISO 15022 and ISO 20022 compliant
    • Multi-entity and global processing support in a single instance
    • Web-based access for users and clients
    • High-volume capability Proxy Voting in ISO 20022

  • + Industries

    Banking Industry
       Banking - Other
    Financial Markets Industry
       Financial Markets - Other
    Insurance Industry
       Insurance Carriers - Life & Asset Management (L&AM)

  • + Solution areas

    Financial Markets
    Financial Services/Banking

  • + Customer size

    Midmarket Business (500 to 1000 employees)
    Large Business (greater than 1000 employees)

  • + Languages supported

    Spanish; Castilian

  • + Countries/regions available for distribution

    South Africa


    Austria , Luxembourg , Spain , Sweden , Ukraine

    Egypt , United Arab Emirates

Technical information

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  • + Hardware/OS platforms

    AIX 5.2
       IBM Systems: Power
    AIX 5.3
       System Cluster 1600
       IBM Systems: Power
    z/OS 1.5 and earlier
       IBM Systems: z Systems
    Windows Server 2008 (inclusive)
       System x

  • + Services

    Application Enabling Services

  • + Software

    IBM WebSphere
          WebSphere Application Server
          WebSphere MQ

Date last modified:    Aug 28, 2014

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Contact information

Christian CURE
+33 1 41207900



33 (0) 1 55 80 24 20

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