ADP Investor Communication Services Launches ICS Global, its New All-Electronic Global Proxy Voting Service.Business/Technology Editors LONDON--(BUSINESS WIRE)--March 11, 2002 ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Investor Communication Services (ADP ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. ), a division of Automatic Data Processing's (NYSE NYSE See: New York Stock Exchange : ADP) Brokerage Services Group, has launched its new generation of proxy services for global markets, ICS Global. Previously known as Global Proxy Services, ICS Global provides outsourced worldwide proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members services for bank and broker custodians. It handles the dissemination of meeting information and voting tools for the custodians' clients, the beneficial shareholders. ICS Global has moved away from a manually intensive fax-based model to use two proven electronic delivery mediums: -- ProxyEdge(R) - a proprietary software solution that provides electronic delivery of meetings, agendas and voting plus extensive record keeping and reporting functionality. ProxyEdge supports all sources of proxy voting research and advice. The system has been operational electronically for North American voting for over ten years, and is now offered globally in that format. -- ProxyEdge Lite - an Internet product providing meeting announcements and agendas in addition to a fully flexible voting feature. ProxyEdge Lite has been utilised for over two years in North America and has been enhanced to accommodate the complexities of the global markets. Uniquely, both tools are multi-custodial and, given the breadth of ADP ICS's custodian client base, they are set to substantially reduce the volume of paper seen on the desks of financial institutions during "Proxy Season". Last year Global Proxy Services processed over 600,000 vote instructions across more than 30,000 meetings worldwide, in addition to the 200 billion US shares processed by ADP ICS. ADP ICS's European office processed over 200,000 shareholder meeting notifications for nine Dutch companies. In the UK market, ADP ICS is supportive of the CREST initiative for electronic voting as this will complement ADP ICS's automated products and finally provide financial institutions with a true STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. voting solution. ICS Global is operated and supported in both New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London, in recognition of the span of its customer base and the location of their underlying institutional clients. ADP ICS has offered a global proxy notification and voting service in 97 markets since October 1996. About ADP Brokerage Services Group ADP Investor Communication Services (ADP ICS), part of the Brokerage Services division of Automatic Data Processing Same as data processing. (NYSE: ADP), is the largest processor and provider of investor communication services. ADP ICS serves approximately 14,000 publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and 450 mutual funds on behalf of more than 800 brokerage firms and banks. ADP ICS is a full service provider offering financial printing, delivery of investor communications, fulfillment, voting and a variety of solutions for investor relations Investor relations The process by which the corporation communicates with its investors. . As the premier provider of transaction related services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing unique solutions for straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. and World Class Service. ADP continually uses technological advancements to develop innovative products that meet the long-term business needs of its clients. As a leading outsourcing vendor, ADP is leveraging its position to provide competitive, cost-effective services to its clients worldwide. With approximately $7 billion in revenue and more than 500,000 clients, ADP is one of the largest independent computing services firms in the world. For more information about ADP ICS, please visit our website at www.ics.adp.com. For other ADP services and investor information please visit www.adp.com. |
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