Financial Markets World

Corporate Actions Processing

May 16, 2012

Registration Fee: US$895.00   Register    Location    Instructor

Many classes sell out; we suggest registering at least one week in advance to ensure availability.

Beginner/Intermediate Level, 7 CPE Credits
Instructor: Jerry O'Connell
Hours: 9:00 am - 5:00 pm; Registration/Breakfast begins at 8:30 am
Location: New York City, Bayard's, One Hanover Square

Corporate Actions remains one of the more manual processing functions in a highly automated securities processing world. Why is this and why does the industry struggle to address the manual steps associated with gathering the associated event data and reducing the risk exposure on certain types of events? 

Sign-up for this intensive one-day class to gain a real-world perspective on this important function that many participants across the industry, including investors partake in. Explore how event information is collected; the validation processes by which market data venders ensure that it is accurate. Continue the exploration of this process to how firms receive and store the data and then advise investors, when necessary, and then process the event.

There will be ample time for the participants to pursue topics that are relevant to the class and examine appropriate responses and solutions to the challenges presented by certain events.

--  What is a corporate action event and why is it important?

--  Types of corporate action events

         --         Mandatory

         --         Voluntary

--  The role of market data

         --         Details of the event

                o   Types

                o   New values

                o   Ratio

                o   Dates

         --         Sources of market data

                o   Vendors

                o   Specialties

                o   Scrubbing the data

--  Industry Utilities

         --         Off-the-shelf applications

         --         DTC RIPS

--  Processing Voluntary Events

         --         Types

                o   Conversions

                o   Exercises

                o   Investments

                o   Tenders

         --         Typical work flow

         --         Case Study

--  Processing Mandatory Events

         --         Types

                o   Bankruptcy

                o   Call

                o   Merger

         --         Typical work flow

         --         Case Study

--  Risks

         --          Types

         --         Impact

         --         Mitigation alternatives

--  Global Perspective

         --         Differences in data collection and processing

         --         Unique operations-related challenges

         --         Impact on the US operation

--  Evolving Trends

         --         New events, new outcome = new challenges

         --         Event data warehouse

         --         Event data guarantee of accuracy

         --         Should an industry utility develop a partial or total solution?