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To create a PIK bond corporate action announcement manually:

1. 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.

2. Complete the options on the Create Payment in Kind Bond panel.

3. 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.

4. If you added a voluntary corporate action announcement, you can identify entities that elected to participate in the corporate action. 

5. 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.