Nissay Asset Management Corporation (NAM), the Tokyo-based asset management arm of Nippon Life Group, has implemented Broadridge Financial Solutions’ mortgage-backed securities (MBS) Trade Assignment Portal (TAP).
Trade Assignment Portal automates and digitises Nissay Asset Management’s assignment of trade (AOT) processes for ‘To Be Announced’ trading of mortgage-backed securities, allowing the firm to create and electronically sign contract documents, send AOT letters to multiple recipients at once, and track progress in real time.
The solution also stores completed AOTs securely in the cloud, reducing manual workload and improving transparency.
Shuichi Uchida, general manager and head of trading department at Nissay Asset, notes: “As we continue to enhance efficiency and focus on value creation for our investors, Broadridge’s Trade Assignment Portal provides us with a simple and effective way to streamline AOT processes.
“This automation frees up time from administrative tasks, allowing us to focus more on trading and analysis.”
David Runacres, president of APAC at Broadridge, adds: “Trade Assignment Portal exemplifies how Broadridge helps firms across Asia achieve greater automation, transparency, and efficiency.
“By transforming the traditionally manual, email-based Assignment of Trade process into a connected digital workflow, Trade Assignment Portal not only streamlines operations but also builds the foundation for future network value and collaboration across market participants.”
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