Corporate Action


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Corporate Action

Any action a publicly-traded company takes that affects its shareholders and/or bondholders, whether positively or negatively. Common examples of corporate action include stock splits, where the company doubles the number of its shares, and calling bonds, where a company deprives bondholders of coupons to which they would otherwise have been entitled. Corporate actions must be approved by the board of directors and in many circumstances shareholders may vote on the measures as well.
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SmartStream, the financial Transaction Lifecycle Management (TLM) specialist, today announced that its TLM Corporate Actions solution has again been awarded SWIFT Certified Application status.
In addition to standard corporate action data such as symbol changes and dividend announcements, the service will provide information on actions initiated by depository banks including book closings and openings.
Paper-based systems drive the current corporate action reporting process.
The Depository Trust & Clearing Corporation (DTCC) today announced it has launched a new corporate actions pilot program testing ISO 20022 messages that covers the entire lifecycle for distribution events, beginning with entitlements and payments and later moving on to instructions.
Information Mosaic's corporate actions solution has been benchmarked and accredited by B.
NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) today announced it has launched a new corporate actions pilot program testing ISO 20022 messages that covers the entire lifecycle for distribution events, beginning with entitlements and payments and later moving on to instructions.
DST Global Solutions has unveiled its HiPortfolioA corporate actions automation solution, powered by XSP.
NEW YORK, October 5, 2010 /PRNewswire/ -- Information Mosaic, a global provider of post-trade automation solutions, will headline as a key speaker at the FTF's 4th Annual Corporate Actions Processing Event 2010.
It can also be used to reconcile custodian / broker notifications and process the entire event lifecycle while increasing efficiency and mitigating the risk associated with missing a corporate action event.
Financial institutions now expect a high level of functionality and complementary services from corporate actions applications including user-friendly, intuitive interfaces for data entry; user-configurable rules to define preferred sources; data comparison and completeness rules; narrative conflict management to enhance system-wide STP; and the ability to integrate various sub-systems to increase breaklessness across the asset servicing function.
JPMorgan Chase will roll out the remaining corporate action messages in August 2012.

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