Start Dates: TBC
Duration: 1 - 2 Days
This course will provide participants with a comprehensive overview of Corporate Actions relating to debt and equity – what they are, where they
originate and why they happen – together with a detailed exploration of each action and the impact it has on the company and the shareholder.
Please contact firstname.lastname@example.org for more information on course dates and course fees.
- Appreciate the timescales, action and relevant calculations required
for each action
- Understand the roles played by registrars, clearing houses and
- Understand the need for proactive management of corporate actions
- Differentiate between actions which impact the balance sheet, those
which impact income and expense, and those which affect both e.g.
Who is the course for?
This course intended for those working in client or market facing positions in fixed income within a bank or fund management company and for middle office or operations staff who require greater product and market knowledge.
Definition and Purpose of Corporate Actions
- Characteristics of equities
- Characteristics of bonds
- Company meetings / voting
Types of Corporate Action
- Mandatory with options
The Main Types of Equity Corporate Action
Dividends including cum-div, ex-div, record date, payment, scrip dividends
- Rights Issues including calculations
- Bonus / Scrip Issues
- Share splits & Takeovers
Descriptions of the Main Types of Bond Corporate Action
- Rating change
- Callable and puttable bonds
Life Cycle of a Corporate Actions Event
- Steps in the process
- Participants in the process
- Typical timetables
The Corporate Actions Department
- Who does what?
Awareness of Corporate Actions in Foreign Jurisdictions