Corporate Actions

Corporate Actions

Corporate actions are events that take place at the security level and are decisions of the security issuer. They impact the income, expense and position of the security that has the corporate action. These actions impact all the portfolios that hold that specific security and a mechanism for applying the event to all the portfolios with the specific security is required.

During the daily processing a number of transactions for any specific account are seen relating to corporate actions. Some of these transactions can be posted automatically to the accounts (portfolios) while others might need manual processing.

Since the transactions occur (seen in the data feed) at the account level, the corporate action events across all the accounts should match. In the event it doesn’t match, manual processing and oversight is needed