Corporate Announcement – Dates and fields
Posted by rickytse on 六月 17, 2009
Announcement’s Date and fields
Announce Date
It is the date that announces the corporate event.
Ex-Dividend Date
It is the starting date that a new buyer of the security will not get the announced entitlement/rights.
Record Date
It is the official cut off date declared by the board of directors to determine who will be eligible for the announced entitlement/rights. It must be earlier than the Book Close From Date.
Snapshot Date (Calendar)
It is the calendar date that the record date process should be performed (holiday allowed).
Book Close Date From / To
It is used to temporary freeze the re-register of shareholders. During the period any transfer of shareholder are not accept by registrar.
Event’s Date
Distribution Date (Calendar)
It is the calendar date that the entitlement calculation process should be performed (holiday allowed).
Client Reply Due Date
It is an optional field for user to input the client due date if the event need for client’s reply. It must be later than the record date for the event type Bonus, Conversion, Deem Book Close and Dividend.
For warrant & rights, the system will generate the letter and send to client to confirm whether they want to exercise or not or the exact quantity they exercise. It must be earlier than record date.
Custodian Reply Due Date
It is an optional field for user to input the due date for the broker firm reply to CCASS. It must be later than the record date for the event type Bonus, Conversion, Deem Book Close and Dividend. Usually, it will later than the client reply due date.
Subscription Debit Date
This field is to control the subscription fee (cash) backdating for all entitled trading accounts of a particular event. System will allow user to input/update the “Subscription Debit Date” anytime before submitting the event to Entitlement Confirmation Approval function.
Value Date
Input the expected pay date (optional field). It is used for calculating the clients’ projected balance if required.
Reminder Date
Default as Client Reply Due Date –2 working days.
SWIFT Event Date
It is SWIFT Event Date defined by user that will be placed in SWIFT Event Date Qualifier. Mandatory if “SWIFT Event Date Qualifier” is not empty. Default value is Record Date.
Actual Pay Date
Display field to indicate the date of the entitlement distribution to client’s account. It should be updated by the system automatically after completion of the Entitlement Distribution process.
Right subscription consists of 4 sequential but potentially overlapping stages with each having dependencies upon the former
1. Distribution of nil paid rights
2. Trading of nil paid rights
3. Subscription of nil paid rights
4. Expiry of unsubscribed nil paid rights
Dates related
1. Announcement date
2. Rights trading period
Ex entitlement date
Record date
Nil paid right distribution date
Cease trading
3. Right subscription
Nil paid right distribution date
Internal deadline
Custodian deadline
Subscription close
New share distribution
4. Expiry
Subscription close
Subscription close + 1
