CheckFree eVent is a modular, workflow-driven solution that enables custodians, broker/dealers, investment firms, fund managers and third-party administrators to minimize corporate actions processing risk. CheckFree eVent is an ISO 15022 compliant solution featuring comprehensive data capture from multiple vendor sources, custodians, prime brokers and agent banks, rules-based scrubbing tools, a robust workflow management module and complete entitlement processing. Using client-defined queues and user views, tasks and exceptions are automatically routed to the appropriate designated parties for the required action.

CheckFree eVent also offers the functionality to manage client event notifications and election responses through both its ISO module and web-based component. Using these tools, instructions are automatically captured and updated to the back-end systems for reconciliation and entitlement processing. All external communications can be implemented and streamlined using the SWIFT ISO 15022 message suite for corporate actions to ensure high straight-through processing (STP) rates are achieved.

CheckFree also successfully participated in the SWIFTNet Testing and Certification Service Proof of Concept (POC) project for ISO 15022 corporate actions messages. The project tested the validity of ISO 15022 corporate actions notification messages, submitted by CheckFree eVent against the recently published guidelines by the Securities Market Practice Group (SMPG).

The 2007 SWIFTReady Gold Corporate Actions Label for CheckFree eVent is evidence of the company's unique Applied Operational Intelligence SM approach to driving profitability and performance for its clients. The Applied Operational Intelligence approach channels valuable business intelligence back to the business through CheckFree's innovative solutions, industry expertise, collaborative working relationship approach, and core competencies of reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance.

CheckFree's financial messaging technology, CheckFree Message Broker, part of the CheckFree eVent solution, utilises core integration and rules processing designed to allow organisations to connect multiple systems seamlessly. This gives clients the ability to handle many different interfacing requirements and CheckFree Message Broker(tm)is recognised as a proven top class technology in many different financial services firms.