Corporate Actions (1Day)

Duration: 1 Day

Programme overview

Learning Outcomes

At the end of this course participants will be able to

  • Describe different types of equity
  • Describe the key features of fixed income securities
  • Describe the corporate actions listed below
  • Verify custody (JP Morgan) confirmations against Bloomberg
  • Highlight the effect of corporate actions on holdings and prices on Uptix valuations
  • Implement reasonability tests using Uptix valuations from before & after the corporate action
  • Identify potential corporate action-related valuation errors, the potential impact of those errors and how they can be prevented

Who is the course for

Fund administrators, trustee and compliance professionals who need a greater understanding of corporate
actions.

Course Content

  • Equities
    • Private & public equity
    • Initial public offering (IPO)
    • Equity participation certificates & notes
    • Depository receipts (ADRs & GDRs)
    • Foreign & local shares
  • Fixed Income Securities
    • The basics
    • Factored bonds
  • Corporate Actions
    • Introduction
    • Voluntary & non-voluntary
    • Cash dividend
    • Stock dividend
    • Dividend reinvestment plans (DRIPs)
    • Bonus issue
    • Stock split
    • Reverse stock split
    • Spin off
    • Takeover & merger
    • Return of capital (ROC)
    • Tender offer
    • Exchange offer
    • Rights
    • Issue, exercise, lapse (expiry)
  • Pricing
  • Accounting for corporate actions
  • Corporate Actions & Valuations

Trainer Profile