Client:

• Fixed income group with $400 billion in assets

    Challenge:

• Deliver EDGAR documents in real-time to covering industry analysts
• Maintain client’s custom industry taxonomy and company members
• Easily reassign, create, and modify industry lists as well as covering individuals in response to business and personnel changes

    Solution:

• The Washington Service implements and hosts private label web site that allows client to easily maintain custom industry lists and assign covering individuals
• The Washington Service automatically routes EDGAR documents to covering individuals and their assistants via email or remote printer at client site

    Benefits:

• Fully automating the routing process dramatically improves the speed and reliability of document delivery
• By easing the administrative burden, EDGAR documents are routed to the correct individuals
• Client easily able to change EDGAR document routing on a temporary or permanent basis

    Client:

• Fixed income group with $400 billion in assets

    Challenge:

• Monitor EDGAR filings of portfolio companies for disclosure of new credit agreements or modifications to existing credit agreements
• Client’s dedicating of in-house staff to manually monitor EDGAR filings was not cost-effective and was an unsustainable drain on internal resources

    Solution:

• The Washington Service applies technology expertise in conjunction with in-house EDGAR researchers to allow client to outsource the entire credit agreement monitoring process

    Benefits:

• Improved quality and speed in getting credit agreements to analysts
• Client’s staff and resources are now able to focus on higher value activities in the investment decision process
• Cost to outsource project to The Washington Service is lower than client’s in-house cost

    Client:

• Proprietary trading desk at bulge bracket investment bank

    Challenge:

• Acquire, analyze, and act upon EDGAR filings with minimal latency
• Maximize availability and stability of EDGAR feed
• Focus only on companies and filings of interest

    Solution:

• The Washington Service’s optimized feed is built upon a Tier 1 EDGAR feed direct from the SEC
• Using multi-sourcing and a first-available algorithm maximizes speed and redundancy
• Delivery of filings prioritized by their market impact potential
• Feed filtered down to only companies and filings of interest

    Benefits:

• Benchmarking against other Tier 1 EDGAR feed recipients shows multi-second time advantage
• Feed remains in service even when the SEC’s Tier 1 feed is down
• Fully redundant network connections to The Washington Service’s data center ensure high availability

    Client:

• Compliance department at asset manager with $1.1 trillion under management

    Challenge:

• Client manages mutual fund comprised of a group of exchange-traded funds (ETFs)
• Per fund prospectus, managers can not include ETFs that charge marketing and promotion (12b-1) fees
• Many ETFs waive the right to charge 12b-1 fees, but this is subject to change at any time

    Solution:

• The Washington Service research staff monitors filings of over 250 ETFs on daily basis for any changes in 12b-1 fee status
• Client immediately contacted if any change in 12b-1 status occurs
• Client receives monthly report on 12b-1 status for all ETFs

    Benefits:

• Compliance department able to keep fund managers apprised of any ETFs that should not be included in the fund
• Ensures that fund is managed per the terms of its prospectus