Introduction to Corporate Actions Course

Location: London (Central)

Dates: 10.07.2012 - 11.07.2012

Duration: 2 Days

Price: 1,995.00 GBP

Corporate actions until recently has been treated as the ugly stepchild An introductory course providing a detailed understanding of corporate actions, what they are, where they originate and why they happen. Critical factors and alternative choices for the investors as well as the relevant calculations and the critical time scales involved are included. The course covers a wide variety of corporate actions with examples and difference in practices taken from many different global markets Course categories:Back Office Courses, Operations Settlements Clearing Courses, Securities Services/ Securities Finance, Back Office Inhouse Courses , Operations settlements Clearing Inhouse, Securities Services/ Securities Finance Inhouse
COVERED TOPICS

Overview of corporate actions ➢ Definition ➢ Purpose ➢ Links to trade and position management Fundamental concepts ➢ Classification of events ➢ Issuers objectives ➢ How events are initiated ➢ Sources of information ➢ Impact of the event ➢ Responsibilities of corporate action operations department ➢ Major processing steps ➢ Major risks ➢ Key dates ➢ Cum and Ex trading ➢ Execution of special trades Corporate action lifecycle ➢ Characteristics ➢ Similarities and differences ➢ Mandatory events ➢ Mandatory with option events ➢ Voluntary events ➢ Multi-stage events ➢ Issuer notices Corporate action event types In-depth focus on numerous events, including: ➢ Cash dividends ➢ Stock dividends ➢ Optional dividends ➢ Dividend reinvestment plans (DRIPS) ➢ Fixed rate/floating rate coupon payments ➢ Capital repayments ➢ Bonus issues ➢ Stock splits and consolidations ➢ Share buy-backs ➢ Odd-lot offers ➢ Bond conversions ➢ Early/partial/voluntary redemptions ➢ Rights issues ➢ Takeovers ➢ Poison pills ➢ Chewable pills		Event type characteristics ➢ How each event type is expressed ➢ Whether the event is scheduled or announced by the issuer ➢ Is there a benefit to the holder? ➢ Effects on the holders securities/cash positions Tax on income events Tax implications on the payment and receipt of income ➢ Withholding tax (WHT) ➢ Domestic ➢ Double taxation treaties (DTT) Key corporate actions challenges ➢ Mounting transaction volume and complexity ➢ Advance event notification ➢ Data capture ➢ Timely processing ➢ Tax implications ➢ Changing regulations ➢ Best practice Corporate action problems ➢ Operational error ➢ Market inefficiencies ➢ Payment delays ➢ Client pressure ➢ Costs Corporate action risks ➢ People ➢ Processes ➢ Technology ➢ Events

REGISTRATION & PRICING INFORMATION

For more information or to be contacted by the event provider please fill this form:

Price: 1,995.00 GBP
Location: London (Central)
Event date: 10.07.2012 - 11.07.2012
Event duration: 2 Days
Event time: 09.00 h - 17.00 h

ADDITIONAL DATES

Event	Date	Duration	Venue	Price
Introduction to Corporate Actions Course	14.07.2011	2 Days	London (Central)	1,995.00
Introduction to Corporate Actions Course	07.09.2011	2 Days	London (Central)	1,995.00
Introduction to Corporate Actions Course	07.11.2011	2 Days	London (Central)	1,995.00
Introduction to Corporate Actions Course	06.03.2012	2 Days	London (Central)	1,995.00

Email: info@financialveritas.com

Phone: +44 208 133 5917

Introduction to Corporate Actions Course

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