Corporate actions – generic lifecycle
Posted by rickytse on 六月 17, 2009
1. Issuer communicates event data
2. Event term capture and cleansing
3. Determine entitlement
Reconciliation of internally held settled custodian positions to custodian’s records as at revord date
4. Communication of event information
5. Calculation of resultant entitlements
6. Passing of internal entries
7. Collection / disbursement of resultant entitlements
8. Updating of internal entries
Standardization of structure and format of commuications between parties i.e. issuers, custodian, STOs and clients, via SWIFT ISO 15022 messages (SMPG).
