Clarity Systems, a leader in external reporting and corporate performance management (CPM) solutions, today announced that it will be demonstrating Clarity FSR, its powerful XBRL solution for corporate actions and external reporting needs at Sibos 2009, taking place September 14-18 in Hong Kong.

"We designed Clarity FSR to help the financial industry, including SWIFT and DTCC, deal with increasingly complex statutory and regulatory reporting requirements, and its debut at Sibos - the world's premier financial services conference - will showcase its powerful XBRL and corporate actions functionality," said Mark Nashman, President & CTO, Clarity Systems.

"Creating and filing corporate actions is an important, although previously neglected, process and we're proud to work with XBRL US to demonstrate how to automate corporate actions processing using XBRL tags," observed Nashman.

"SWIFT and DTCC are to be commended for their commitment to the automation of corporate actions using XBRL, in turn reducing compliance costs while mitigating risk," observes Mark Bolgiano, President and CEO, XBRL US.

Mr. Bolgiano will join a panel of industry experts on the topic of "XBRL and SWIFT join forces to improve transparency and increase automation" at Sibos on Tuesday, September 15 - 14:00-14:45, where they will demonstrate XBRL tagging of corporate actions using Clarity FSR.