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Eagle's Accounting solution allows you to process all types of corporate actions. A corporate action is any pending or completed action taken by an issuing corporation that affects the financial and/or physical status of any type of security. A financial status change is an action that influences the original cost, market value, or income earned on that security. A physical status change is an action that changes the appearance of the actual stock certificate. You can modify and cancel corporate actions before the ex-date, the date that acts as the "effective date" for the announcement.

The system allows you to add most corporate action types as either mandatory or voluntary. Mandatory corporate action processing is generally a two-step process. The first step involves creating an announcement for the corporate action in Reference Data Center. The second step involves processing the corporate action against the underlying security using the global process panels.