According to a company announcement, Mellon has added the ability to distribute announcements about mandatory and voluntary corporate actions to the browser-based software.
CIBC Mellon said the corporate action announcements could be customized for the particular client or investment manager who can then update the information online.
The enhancement system gives users the ability to perform customized searches by account, security, deadline date, eligibility date, update date or action type, the announcement said.
The Workbench system already provides account reporting, reference material, real-time transactions and online client servicing, CIBC Mellon said.
CIBC Mellon is a 50/50 joint venture between Canadian Imperial Bank of Commerce and Pittsburgh-based Mellon Financial Corporation.
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