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.
References in periodicals archive ?
We are delivering the highest levels of performance with real-time corporate action event processing and message standardisation to improve efficiencies throughout the post-trade cycle.
5 million records of corporate actions for over 300,000 securities from over 100,000 companies around the world.
Alan Jones, Senior Product Management, SmartStream, states, "The SWIFT certification further reconfirms our commitment to the industry and to making sure we remain thorough when it comes to corporate actions processing.
This means that any later corporate actions that are defective by reason of the first defective corporate action are also cured.
In May 2012, XBRL US published the second release of the Corporate Actions Taxonomy (CAT), a digital XBRL dictionary that defines more than 50 corporate action messages designed to facilitate corporate action reporting.
While the complexity of the data and the large number of communication points have long been the biggest corporate actions pain points, the emergence of data standards has made improvements in automation possible.
The pilot for distribution events, launched in September 2012, is part of DTCC's multi-year corporate actions reengineering initiative that will replace DTCC's proprietary files with ISO 20022 messages.
Northern Trust and SCORPEO today announce that they have entered into an agreement to use SCORPEOs services to provide an innovative historical corporate actions reporting service, designed to help investors realize the full value in corporate actions.
Global Banking News-August 18, 2016--Northern Trust launches innovative historical corporate actions reporting solution
Cost basis reporting by brokers on Form 1099-B that began last year and the required basis adjustments for corporate actions reported on new IRS Form 8937 has made the proper reporting of corporate actions even more important this tax season," said Richard Ryndak, senior product manager for Capital Changes at Wolters Kluwer Financial Services.
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.
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.

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