Course Code: 401

Duration: 1 day

Level: Basic

Fee: $795

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