Available Dates:
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| 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
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