|Course Code: 406
|Duration: 1 day
|CPE Credits: 6
|Prerequisite: Participants should have a solid understanding of equity and fixed income products and the types of Global Corporate Actions.
This one-day seminar presents to the participants an advanced view into Global Corporate Actions. This course will compare and contrast the US Market versus specific Global Markets. We will review the suite of corporate action processes, and compare and contrast many Global Markets. The role and impact of Global Sub-Custodians in risk management, notifications and response control will also be discussed.
The participants will be provided with detailed information on the types of corporate actions put forth in Global markets, and they will gain an understanding on how to determine and calculate entitlements, and we will conclude with an in-depth review of major and emerging market practices.
will be review of the fundamentals, and deep dives into daily operations, Event
Classifications, Risk Assessments and Risk Controls, and Event Processing.After attending this seminar, participants will come away with a firm understanding of all aspects of Global Corporate Actions.
Topics for Discussion Include:
Introduction: An Overview
and Definitions and Terms and Entitlements
- Basics of Ex, Record & Effective Date Reviews
- Identify and Discuss all Corporate Action Types
Role of Sub-Custodians
and Calculation of Entitlements
of Expiration Date Processing and Reviews
of Corporate Actions:
Life Cycle of a Rights Issue: A Detailed Review of this Event Type
and Stock Optional Entitlements
Date, Effective Date and Expiration Date Driven Events
of Trade and Settlement Date Cycles
and Warrant Exercises
and Fixed Income Product Reviews
and Manual Information Source Suppliers
Role of Exchanges in Entitlements and Information Dissemination
Role of Global Depositories in Entitlement and Position Settlements
Security Identifiers and Their Impacts
Review Discussion of Message Types