API Console
Executive Summary
This Service Domain supports the various custodial tasks associated with processing associated corporate actions for customer’s with securities held at the bank
Examples of Use
A bank processes the required custody adjustments for customers holding security in a stock that is split by its issuing company
Role Definition
Corporate actions cover a range of activities that directly impact the share price and hence the shareholders of a company. The main types of corporate action include stock splits and reversals, dividend (both cash and stock), rights issues, mergers and acquisitions and spin-offs. This service domain handles the required processing for a customer’s securities that are held in custody by the bank
Related Business Scenarios
Core Business Object
Key Features
- Custodial stock split/reversal processing
- Custodial security dividend payment processing
- Custodial security rights issue processing
- Custodial security mergers and acquisition processing
- Custodial security spin-off processing