A corporate action announcement is security reference data that provides relevant and available data and financial information about a security's corporate action. It also includes information that the system uses to determine if and when the announcement is eligible for processing.
You can set up and process many 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. Corporate actions can be modified and cancelled before the ex-date, the date that acts as the "effective date" for the announcement.
Corporate Action Announcement Types
You can set up and process many types of corporate actions in Eagle from cash and stock dividends and stock splits for equity securities, to factors (paydowns/payups), calls, cash tender and sinks for fixed income, as well as name/identifier changes for all securities. Here are the types of corporate actions that Eagle can process:
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