🎓 Open to All Graduates & Finance Students · FREE First Workshop for Every College · Individual Students Also Welcome
Corporate Actions
Processing
Workshop
Every dividend, rights issue, merger, or stock split triggers a complex chain of operational tasks across investment banks, custodians, and fund administrators. This workshop explains every event type, how entitlements are calculated, how client elections are processed, and the controls that prevent costly errors.
About
What This Workshop Covers
This workshop provides a detailed understanding of corporate actions events and their operational processing within investment banks, custodians, and fund administrators. Participants learn the full workflow for both mandatory and voluntary corporate actions — from the moment an event is announced through client notification, entitlement calculation, election processing, position adjustment, and post-event reconciliation. Corporate actions processing is one of the most detail-intensive and operationally critical functions in banking — errors can result in significant financial losses and client disputes. This workshop builds the accuracy, process knowledge, and event-specific expertise that CA roles demand.
Topics
Fundamentals Covered
Introduction to Corporate Actions
What corporate actions are, why companies undertake them, the key dates (announcement, ex-date, record date, payment/effective date), and the operational teams involved across investment banks and custodians.
Dividends Processing
Cash dividend workflow — ex-date position capture, record date entitlement calculation (shares held × dividend per share), payment date DvP settlement, withholding tax deduction by jurisdiction, and dividend reconciliation against issuer payment.
Stock Splits & Bonus Issues
How stock splits (e.g. 2-for-1) and bonus issues affect client positions — ratio application, fractional entitlement handling, position adjustment on effective date, and reconciliation of new share quantities against CSD records.
Rights Issues Workflow
Rights issue mechanics — provisional allotment, nil-paid rights trading window, subscription deadline, election options (take-up, lapse, sell rights), ratio-based entitlement calculation, and processing of mixed elections across a client portfolio.
Mergers & Acquisitions Events
M&A CA workflows — cash offers, all-share exchanges, mixed cash-and-share offers, scheme of arrangement timelines, court sanction date, record date processing, consideration settlement, and position cancellation of target company securities.
Mandatory vs Voluntary Events
Mandatory events (stock split, merger, spin-off) — automatic processing with no client decision required. Voluntary events (rights issue, tender offer, conversion) — client election required, default options, election deadline management, and late election handling.
Election Processing
Receiving client elections via SWIFT MT565, validating elections against entitlements, aggregating elections for submission to the issuer/CSD, managing partial elections, and confirming outcomes back to clients via MT566.
Entitlement Calculation
Manual and system-driven entitlement calculation — applying ratio to record date position, fractional share handling (cash-in-lieu), open settlement position adjustments, and entitlement reconciliation between custodian books and CSD records.
Client Notification Process
SWIFT MT564 notification workflow — sourcing event data from vendors (Bloomberg, SIX Financial), enriching with client-specific entitlements, notification quality checks, dispatch timelines, and managing client queries on event terms.
Risk & Control Management
High-risk points in CA processing — missed election deadlines, incorrect ratio application, failure to notify clients — the four-eyes control on entitlement calculations, deadline monitoring KPIs, and post-event reconciliation as a final control gate.
Outcomes
Skills Developed
- Corporate actions processing knowledge — all major event types, workflows, and the key dates that drive each process
- Event management understanding — how CA teams source, validate, enrich, and process events from announcement to settlement
- Attention to operational accuracy — entitlement calculation, ratio application, and reconciliation disciplines
- Client servicing skills — notification workflows, election management, and client query handling for CA events
- Risk control awareness — deadline management, four-eyes controls, and post-event reconciliation as error prevention
First workshop is FREE for every college. Individual students are also welcome to register and attend at no cost for the first session.
Career Opportunities
Roles You Can Target
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