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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.
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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) |
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. |
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