In the Create Payment in Kind Bond panel, you can add a mandatory or voluntary announcement for a PIK bond type corporate action.
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- In Reference Data Center, in the left navigation pane, click Reference Desk > Corporate Actions > Announcements > Create Payment in Kind Bond.
You see the Create Payment in Kind Bond panel. - Complete the options on the Create Payment in Kind Bond panel.
- Click Submit.
The system adds the corporate action to the Corporate Action table. It has a transaction type of PIKBOND and a reason of PIKBOND. You can change a corporate action announcement if it does not have a Released status. - If you added a voluntary corporate action announcement, you can identify entities that elected to participate in the corporate action.
See Add Voluntary Corporate Action Elections. - If you added a mandatory corporate action announcement, you can set up a mandatory corporate action exclusion to prevent the system from processing a mandatory corporate action for a certain entity.
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