Create Unit Separation Corporate Action Announcements

In the Create Unit Separations/Unit Splits panel, you can add a mandatory or a voluntary announcement for a Unit Separation type corporate action.
To create a unit separation corporate action announcement manually:

1. In Reference Data Center, in the left navigation pane, click Reference Desk > Corporate Actions > Announcements > Create Unit Separations/Unit Splits.

You see the Create Unit Separations/Unit Splits panel.

1. Complete the options on the Create Unit Separations/Unit Splits panel.

You identify the closing From security in the upper pane. You identify two opening To securities in the Unit Separation/ Unit Split Details pane at the bottom of the panel.

1. Click Submit.

The system adds the corporate action to the Corporate Action table. It has a transaction type of NONTAXMERGP and a Corporate Action Type of UNIT SEPARATION You can change a corporate action announcement if it does not have a Released status.

1. If you added a voluntary corporate action announcement, you can identify entities that elected to participate in the corporate action. See "Setting Up Voluntary Corporate Action Elections."
2. 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.