Advanced Corporate Actions Processing

Price: $995   Register now

Recommended that you register at least two weeks in advance.

Course Features

  • Course date:04/28/2020
  • Course Duration: 1 Day
  • Level: Advanced
  • Prerequisites: Knowledge of CA
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual
  • Category:
  • Certificate: Yes
  • CPE Credits: 7
  • Course Code: 213

Advanced Corporate Actions Processing

This one-day program builds on the basic foundations of Corporate Actions Processing and provides an in-depth look at the details associated with complex cross-border events for Issuers, Transfer Agents, Broker/Dealers, Investment Managers, Custodians, Centralized Securities Depositories and Payment Systems.  The objective includes managing the risk of financial loss (both direct and indirect) to investors, preventing sub-optimal trading and investment decisions, and incurring unnecessary processing costs.

Learning Objectives

  • Understand the business context for complex corporate action events in the global capital markets (content includes U.S., domestic, and international processing)
  • Examine what happens when issuers, investors and service providers are located in multiple jurisdictions
  • Analyze how notices and instructions are communicated for complex mandatory and voluntary corporate action events and the resources required
  • Consider FX implications for cross-border events
  • Analyze impact of tax reclaim and other considerations
  • Review a variety of available technology and third party vendor solutions that are available to support the processing necessary to support complex corporate action events


Section 1:  Advanced Corporate Actions Overview

  • Review mandatory and voluntary corporate action event types
  • Describe the process for scrubbing data and steps taken to normalize corporate action event reference data
  • Understand possibilities for linked corporate actions
  • Review sequence of events from issuer announcement to settlement of cash and securities
  • Explain issues associated with securities identifiers and their impact on corporate action events


Section 2 : Complex Corporate Action Event Exception Processing

  • Describe reconciliation requirements in order to identify resolution process for failed trades, chilled/frozen CUSIPs, securities lending transactions
  • Understand the impact of corporate action events on derivative contracts including listed and OTC options and swaps
  • Review calculation of entitlements and proactive exception identification
  • Evaluate services provided by transfer agents for the issuers of securities and how critical data is exchanged
  • Impact of corporate actions on fund products, including mutual funds and ETFs
  • Implications of sanctioned securities on corporate action event processing
  • Understand risk of Foreign Exchange implications for cross-border events


Section 3: Tax Reclaim for Cross-Border Processing

  • Analyze requirements to facilitate proactive tax reclaim processing for undue withholding taxes
  • Discuss benefits of obtaining tax relief at source
  • Review eligibility criteria for filing tax reclaims
  • Evaluate implications of bi-lateral tax treaties
  • Understand role of local paying agents and global custodians
  • Describe documentation necessary for reclaim forms and certifications
  • Understand the implications of ignored tax reclaim to beneficial owners of securities


Section 4: Advanced Solutions for Corporate Action Services

  • Describe third-party vendor solutions for corporate action events including data providers and software providers
  • Integration of vendor solutions with internal books and record processing
  • Corporate Actions ISO 20022 Messaging Data Service
  • Review requirements checklist when evaluating third-party vendor solutions as part of the RFP process
  • Evaluate mandates for cost containment vs maintenance of risk controls when considering solutions for Corporate Action Events


  • Charlotte is a broadly accomplished financial services executive with over 25 years of comprehensive experience in delivering innovative and cost-effective operations and technology training solutions for equities, derivatives and fixed income product lines.  Her successful career as a senior-level manager in Operations at Credit Suisse, Paine Webber and Bankers Trust furnishes the industry expertise that …
    Continue reading Charlotte Scott