In the Add Voluntary Corporate Action panel, you can identify the entities that elect to participate in a voluntary corporate action and provide details about their participation.
Before you set up entity election details for a voluntary corporate action, you must add the corporate action announcement, setting the Mandatory/Voluntary Indicator field in the announcement panel to Voluntary. You can add voluntary corporate action elections only for announcements that have a Released corporate action status.
To add a voluntary corporate action election:
- From the Reference Desk workspace, click Corporate Actions in the left navigation and then click Voluntary Elections>Add Voluntary Corporate Action Election.
You see the Add Voluntary Corporate Action Announcement panel. - Enter a Voluntary Begin Date.
- Enter a Voluntary End Date.
- Click Submit.
You see the results of your query in the Show All tab. - Select the entity you want to add and then click the click the Add Entity Election Detail button on the toolbar.
You see the Action Entry Panel-Add Entity Election Detail. - Enter the Entity ID.
- Enter the Entity Name.
- Enter the Entity Election Status.
- Complete any additional optional fields, as desired.
- Click Submit.
Add Entity Elections Options
The following table describes the options on the Add Entity Election Detail panel.
| Field | Tag | Description |
|---|---|---|
| Long/short Indicator | 15 | Displays a value of LONG or SHORT for the swap contract and each leg. When the Long/Short Indicator field (tag 2284) in the upper pane has a value of Long, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Long, the pay leg as Short, and the receive leg as Long. If you set the Long/Short Indicator field (tag 2284) in the upper pane to Short, the Long/Short Indicator (tag 15) in the lower pane identifies the swap contract as Short, the pay leg as Long, and the receive leg as Short. |
| CA Election Type | 4513 | Returns a list of custom codes (no default values) that can classify the type of action. |
| Sweep Date | 1197 | Specifies the date that the global processes use to extract the corporate action for processing at the global level and apply it to eligible entities/holdings. |
| Expiry Date Processing | 12877 | |
| Trade Date | 1109 | |
| Elected Shares | 316 | |
| Elected Shares Percent | 1001 | |
| Entity Election Status | 54 | |
| Eligible for Consent | 8097 | |
| Eligible Shares for Consent | 8098 |
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