A corporate action announcement is security reference data that provides relevant and available date and financial information about a security’s corporate action. It also includes information that the Eagle system uses to determine if and when the announcement is eligible for processing. Once the Corporate action announcement is set up, the reference data is entered into the corporate actions history table for processing. The system processes mandatory corporate actions that have a status of Released, along with corporate actions with voluntary elections that have a an Entity Election Status of Released. It processes the entitlements to the appropriate entitles/holdings based on the reference data entered for the corporate action. When the events are generated, the system displays the status of the job. For example, pending, completed, failed.
To manually add a corporate action announcement:
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In the Reference Desk workspace,
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in the left navigation
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pane, click Corporate Actions > Announcements.
You see the left navigation list of Corporate Action Announcements.From the left Navigation, select the Corporate Action you'd like to add
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The corresponding Corporate Action panel displays.Complete the options on the corporate action announcement panel and click Submit.
The options include common options that apply to all corporate action announcements, and options specific to the corporate action you selected. See the Common Options for Corporate Action Announcement section below for more information about the common options and click on the appropriate link for options on a specific corporate action.
The system adds the corporate action to the Corporate Action table. You can change a corporate action 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. See Add Mandatory Corporate Action Exclusions.
Common Options for Corporate Action Announcements
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The following are common options that apply to all corporate action announcements .
Option | Description |
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Client Specific CA ID | Reference information regarding the action is stored here. |
Source Name | The actions reference data source. Valid values include Bloomberg, IDC, and Eagle Pace. |
Original Source Name | The original reference data source. Valid values include Bloomberg, IDC, and Eagle Pace. This field is usually left blank. |
Asset |
ID Type |
Specifies the asset identifier type | |
Asset ID | The numbering or naming convention used to identify the security. |
Issue Name | The Issuer's Name. |
Sweep Date | This date sweeps the corporate action history and voluntary corporate action elections |
tables to ensure only the most recent corporate actions are processed. 1) If ex-dividend date < or = today, enter the current date as the sweep date. 2) If the ex-dividend date >system date, enter the ex-date as the sweep date. | |
Ex Date | The date used to determine who is entitled to participate in the action. Record date - the date used by the paying agent to determine the security holders that will receive the dividend. |
Record date | The date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution. This is for reference only. |
Pay Date | The date the corporate will pay the dividend to the holders of record. |
Corporate Action Status | A required field for all corporate action announcements. |
Corporate Action Sub Priority | Used to determine priority if multiple corporate actions exist on the same day. The lower the number in this field, the higher the processing priority of the corporate action. |
Mandatory/Voluntary Indicator | Determines if the corporate action record is applied to all holders of the bond (Mandatory) or to a specific holder of the bond (Voluntary). |
Corporate Action Notes | Reference and Reporting Only. |