Course Code: 401

Duration: 1 day

Level: Basic

Fee: $795.00

CPE Credits: 7

Prerequisite: No Prerequisite Required.

This seminar provides participants with a sound foundation in all aspects of U.S. corporate actions processing. Industry standards, regulatory requirements, and the time-critical environment will be emphasized. Case illustrations of current deals and trends will be examined to prepare the participant to handle a transaction from the inception of the Initial Offering Circular, through payments and distributions to clients.

Tender & Exchange Offers

•  Expiration/Cutoffs
•  Protects Issues
•  Proration
•  Liability Rules

Rights/Warrant Subscription

•  Determining When Funds Are Due
•  Oversubscription Entitlement

Convertible Securities

•  Call Feature
•  Record Dates
•  Rate of Exchange
•  Interest Issues

Mergers

•  Process Election Options
•  Rights of Appraisal

Liquidations

•  Due Bill Processing
•  Clearing Trades
•  Record Control

Called Securities

•  Debt and Equity Issues
•  Determining Responsibility for the Call
•  Lottery Requirements

Reverse Splits

•  Interaction with other Operations Areas