Course Code: 403

Duration: 1 day

Level: Basic

Fee: $795.00

Instructor: John Wagner

CPE Credits: 7

Prerequisite: No Prerequisite Required.

This seminar presents to the participants an introductory view into Global Corporate Actions. This course will contrast and compare The US Market versus specific Global Markets. We will review the suite of corporate action processes, and compare and contrast at least two Global Markets. We will also discuss the role and impact of Global Sub-Custodians in risk management, notifications and response control.

The participants will be provided with detailed information on the type of corporate actions put forth in Global markets, and they will gain an understanding on how to determine and calculate entitlements. The course will include a guest presentation from a Global Corporate Action Information supplier, and will conclude with an in-depth review of major and emerging market practices.

Introduction: An Overview and Definitions, Terms and Entitlements

Event Announcement Chains

The Role of Sub-Custodians

Balancing and Calculation of Entitlements

Types of Corporate Actions

•  Income Related
•  Mandatory
•  Voluntary

The Life Cycle of a Rights Issue

DRIPS and Stock Optional Entitlements

Date Driven Events

•  Ex Date
•  Effective Date
•  Expiration Date

Review of Trade and Settlement Date Cycles

Convertibles and Warrant Exercise?s

Electronic and Manual Information Source Suppliers

The Role of Exchanges in Entitlements and Information Dissemination

Guest Presentation by FTIDC or Telekurs

Global Security Identifiers and their Impacts

Market Analysis

•  United Kingdom and Australia
•  The Netherlands and France
•  Japan and Brazil