The Corporate Action Challenge

Concern (often justified) over the maturity of third-party systems and the lack of industry standards is putting the brakes on the progress of corporate-action automation.

To fully understand why automating the corporate actions process is such a challenge, an understanding of corporate actions in general is necessary. Every business day, companies issue notices of events that impact their securities. These events, known as corporate actions, range from simple dividend and interest declarations to more complex reorganization notices, rights issues and tender offers. Currently, there are over 100 different types of corporate actions, and the volume of actions

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