Corporate Actions

The Corporate Actions Seminar is designed to give attendees an in-depth knowledge of this often, complex process. The marketplace for complex instruments and their derivatives has grown tremendously in the past two decades and this growth has caused a great increase in unique events that impact investor processing of information. This seminar will help the attendee gain a thorough understanding of how not only the events institutions need to be prepared for, but why they occur when and how they do and the accounting and systems concerns which pertain to all types of corporate actions.

The Corporate Actions 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. Upon completing this seminar, participants will be able to recognize potential breakdowns in a corporate action process flow, and develop controls and procedures that can improve the overall work flow while limiting exposure. Principles of corporate actions processing and today's standard industry practices will be examined to ensure an understanding of regulatory and compliance issues, audit check points, capital change awareness and protection for the firm and client.

The Corporate Actions Seminar is ideal for anyone who needs to gain a comprehensive knowledge of this critical and timely topic, such as accountants, auditors, IT professionals and senior managers. Attendees will gain the critical skills necessary for the evaluation and management of these holdings.

• Tender & Exchange Offers
• Expiration/Cutoffs
• Protects Issues
• Proration
• Liability Rules
• Rights/Warrant Subscription
• Determining When Funds Are Due
  • Oversubscription Entitlement
  • Convertible Securities
• Stock Splits and Stock Dividends
  • Stock Splits
  • Reverse Splits
  • Stock Dividends
• Call and Put Features
  • Vendors
  • Depositories
  • Exchanges
  • Clearing Agencies
  • Lottery Requirements
  • Record Dates
  • Account Processing
  • Regulatory Issues
  • Rate of Exchange
  • Interest Issues
  • Mergers
• Process Election Options
  • Rights of Appraisal
  • Liquidations
• Due Bill Processing
  • Clearing Trades
  • Record Control
  • Called Securities
• Interaction with other Operations Areas
  • Exchange Rules
  • Audit Points
  • Ensuring Compliance to Regulatory Issues
  • Interactions between DTCC and the Exchanges
• Exception Processing
  • System Benefits