NOTE:
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| Dividend Reinvestment corporate action messages require Event Type (tag 55) set to DIVREINVEST for message routing to the correct XML processing rule. |
Dividend Reinvestment processing is dependent upon a Cash Dividend record being present.
Using the message stream process, the Cash Dividend record links to the Dividend Reinvestment through the Client Specific ID (tag 1695). The value sent for tag 1695 on the Dividend Reinvestment record must match an existing Cash Dividend tag 1695. All information for the Cash Dividend, including Dividend Rate, From CUSIP, and the Batch Identifier is retrieved and used based on this value. The remaining Dividend Reinvestment data record information must be related to the Reinvestment Announcement, not the Cash Dividend Announcement.
The following table describes the required and optional data fields for Dividend Reinvestments.
Tag # – Tag Name | Required/Optional | Data Type | Value/Description of Field |
|---|---|---|---|
1076 – Update Indicator | Required | CHAR | Y/N indicator used within message stream process. Valid values: |
55 – Event Type | Required – defaults on panel. Used by MC for identification of event. Must be DIVREINVEST. | CHAR | Used for STAR processing. |
1103 – To Xreference Asset ID Type | Required | CHAR (50) | Security identifier type (CUSIP, ISIN, SEDOL) – Code Value. |
1348 – To Asset Xreference ID | Required | CHAR (100) | Security identifier for reinvestment security. |
4003 – Original Source | Optional | VARCHAR2 (15) | Original source of the announcement. If not populated, defaults to that of Cash Dividend record. |
1695 – Client Specific ID | Required – must be the same as Cash Dividend Record. Used to retrieve Div info. | VARCHAR2 (50) | Client generated ID for corporate action event. |
1728 – Corporate Action Type | Required | VARCHAR2 (50) | Dividend Reinvestment. |
65 – Ex Date | Required | DATE | Event ex date. |
1109 – Effective Date | Required | DATE | Trade date for reinvestment record. |
1694 – Record Date | Optional | DATE | Record Date of the event. |
1260 – Announcement Date | Optional | DATE | Announcement Date of the event. |
1275 – Pay Date | Required | DATE | Pay Date of the event. |
54 – Corporate Action Status | Required | VARCHAR2 (2) | RELEASED or PENDING. Valid Values: |
3961 – Corporate Action Sub Priority | Required | INTEGER | Defaults at panel level to 2. Can be overridden. Priority used if there are multiple events on the same day. |
1734 – Mandatory / Voluntary Indicator | Required | CHAR (2) | Defaults to V. Mandatory or Voluntary event indicator. Only Voluntary events are supported. |
3965 – Treatment of Fractional Shares | Required | VARCHAR2 (3) | How Fractional Shares are to be handled. Valid values: |
8009 – Cost Amount Method | Required | VARCHAR2 (1) | Valid values: |
7249 – Reinvestment Based on | Required | CHAR | Valid values: |
1705 – Reinvestment Price | Conditionally Required – required if tag 7249 sent in as P | NUMBER (28,12) |
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1710 – From Share Ratio | Conditionally Required – required if tag 7249 sent in as R | NUMBER (28,12) | From shares |
1723 – To Share Ratio | Conditionally Required – required if tag 7249 sent in as R | NUMBER (28,12) | To shares |
1001 – Reinvestment Ratio | Conditionally Required – required if tag 7249 sent in as R | NUMBER (28,12) | Ratio. Greater than zero. |
1197 – Sweep Date | Optional | DATE | Ability to override MC logic for setting a date. |
1740 – Corporate Action Notes | Optional | VARCHAR2 (255) | Notes field. |