Process Redenominations

In the Global Process workspace's Redenomination of Bonds panel, you can process redenomination corporate actions globally. Global processing only uses redenominations in the Corporate Action table that have a corporate action status of Released.

Note that you can use the same panel in the Global Process workspace to process several types of corporate actions.

To process a redenomination corporate action globally:

1. In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes.
   You see the Global Process workspace.

2. In the left navigation, click Corporate Actions > Redenomination of Bonds.
   You see the Redenomination of Bonds panel.

3. Complete the options on the Redenomination of Bonds panel.

4. Click Submit.
   The system processes the corporate actions that met your global processing criteria. It only processes mandatory corporate actions that have a status of Released, along with corporate actions with voluntary elections that have an Entity Election Status of Released. It processes the entitlements to the appropriate entities based on the reference data entered for the corporate action. When processing completes, the Global Process workspace displays the results of the job.

You can run reports to check the position or ledger entries or can review your results in Position Viewer. You can see transactions with a merger Event Type and a Corporate Action Type value for redenominations in the Cost object's Open and Close Lots tabs.