RDUG and Adobe create corporate actions tool

WASHINGTON, DC -- RDUG, the Washington, DC-based Reference Data User Group, says a newly developed technology will help automate the collection of corporate actions data from debt- and stock-issuing companies -- if it can gain buy-in from the issuers themselves.

RDUG, in conjunction with software vendor Adobe, has developed an ‘intelligent document’ template that issuing companies can use to submit details of forthcoming corporate action events to the market, says RDUG founder Tony Kirby. A standard interface at the issuer level that makes it easier to format and transmit data downstream will also reduce the amount of corporate actions processing errors created by incorrect data, Kirby says.

RDUG’s corporate actions working group drove the project. "We