The Mortgage–Backed Securities Trade Assignment Portal (TAP) is intended to replace email–based processes with digital workflows.
Nissay Asset Management Corp. (NAM) has automated and digitized its assignment of trade (AOT) process by implementing the Mortgage–Backed Securities Trade Assignment Portal (TAP) from Broadridge Financial Solutions, officials say.
TAP transforms “the traditionally manual, email–based assignment of trade process into a connected digital workflow,” say officials at Broadridge.
Nissay, which is the first asset management company in Japan to adopt TAP, deployed the Broadridge solution because it “streamlines existing email-based AOT workflows while preserving core processes — allowing the firm to build on its operational expertise and established broker relationships,” officials note. “The implementation comes as Japan’s asset management industry faces growing pressure to reduce routine tasks and allocate more resources toward initiatives that deliver greater value to investors.”
Nissay will be using the TAP system for TBA (To-Be-Announced) trading of mortgage–backed securities, “allowing the firm to instantly create and electronically sign contract documents, send AOT letters to multiple recipients at once, and track progress in real time,” officials say. “The solution also stores completed AOTs securely in the cloud, significantly reducing manual workload and improving transparency.”
Ultimately, by cutting AOT processing time, the TAP system helps Nissay Asset Management’s traders “to focus more on planning and execution, strengthening operational agility and client outcomes,” officials add.
“This automation frees up time from administrative tasks, allowing us to focus more on trading and analysis,” says Shuichi Uchida, general manager and head of the trading department at NAM, in a prepared statement.
Established in 1995, NAM oversees the asset management capabilities of Nippon Life Group and offers investment products to pension funds, individual investors, and other customers, officials say.
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