Corporate action event creation, update & cancellation
Corporate actions events creation
The Issuer/Issuer Agent can create a corporate action. Please note that each user logs in for a specific country and that the events that he/she decides to create refer to that country.
To create a new corporate action, click the “Create corporate action” button on the “Corporate actions” tab.
The issuer/issueragent first needs to choose one of the following corporate action categories:
| Mandatory Cash distribution | This refers to events where cash is distributed to shareholders automatically. Examples include dividends or interest payments. Shareholders do not need to take any action to receive these payments. |
| Mandatory security distributions | These are events where securities, such as shares or bonds, are distributed to shareholders without requiring any action from them. An example might be a stock split or a bonus issue. |
| Mandatory reorganisations | These involve changes to the structure of a company that automatically affect shareholders. Examples include mergers or acquisitions where shareholders receive new shares or cash in exchange for their existing holdings. |
| Reorganisations with option | In these events, shareholders have a choice to make. For instance, they might choose between receiving cash or new shares in a merger. The shareholder must actively make a decision to benefit from the options available. |
| Information only | These are announcements or updates provided to shareholders that do not require any action. They are purely informational, such as updates on company performance or changes in management. |
| Voluntary reorganisations | These events allow shareholders to choose whether or not to participate. An example is a rights issue, where shareholders can decide to buy additional shares at a discounted price. Participation is optional, and shareholders must act if they wish to take part. |
ISO CAEV Selection
Then, the issuer/issuer agent will have to select the event type using the dropdown list and click on continue button to proceed.
Only the applicable events per CSD will be visible.
A full list of events per CSD per category will be updated later.
Corporate action creation form
You will access to the second part of the form where you will have to enter the Security-ISIN code.
Start typing first characters of the code on the field so that suggestion will be displayed. It is only possible for an issuer/issuer agent to create an event on ISINs where they are responsible.
Depending on the corporate action different information should be added before creating the event. Some fields are mandatory for the event. Mandatory fields have a red star* and must be filled before the event can be created.
For more information on the different fields the arrow can be placed over the field.
Options on mandatory event with choice and voluntary events
On mandatory event with choice and voluntary events the issuer/issuer agent must create each available option for example cash or securities and add relevant information for each option.
Depending on the event, the options which can be added are different.
The following options are example that you can select depending on the corporate action event:
- CASH
- SECU
- CASE
- EXER
- OVER
- CONN
- CONY
- ABST
Some exemple of options. Depending of the event, the options are differents.
- CASH option
- SECU option
- CASE option
The following fields will only display on Danish market and used for tax allocation on investment funds. More information on how it is used will be updated later.
| Field | Field Format | Mandatory |
| Taxable portion rate | Text | Optional |
| Income portion rate | Text | Optional |
| Capital portion | Text | Optional |
| Fully franked | Text | Optional |
| Unfranked | Text | Optional |
Once you have filled-in the necessary information click on “Create event” The Issuer, Issuer agent is directed to “Request list” in “Corporate actions” tab and can see his request with status “Pending”.
The issuer or issuer agent can access to event creation request by clicking on green arrow.
4 eyes approval
Approve workflow
When the issuer or issuer agent create a new corporate action, another issuer or issuer agent from the same entity can see the request in “Requests list” with the status “To be validated”.
The issuer or issuer agent can access to event creation request and approve or reject the request.
The issuer, issuer agent can access “Events” list and search for the event processed with the corresponding status.
Please note that there is a process time before the event is taken into account.
For tracking purpose, you can go back to “Requests” list, select the request for which you want to update the status to “Validated” or “Failed”.
Reject workflow
The issuer or issuer agent can reject event creation request and add a comment. The request will be displayed with the status “Rejected” and you can consult from request detailed page the comment added by the other issuer or issuer agent.
Corporate action event update
The issuer/issuer agent can update the event via the event detail screen. Most of the fields can be updated until EOD on record date.
You are redirected to the update form and the following fields cannot be updated. In case any of these fields must be changed the issuer/issuer agent must cancel the event and create a new event.
- Event ID code
- Official event code (COAF)
- Record date
- ISIN
- Paying agent
Once the update request is sent, the event status does not change. A new request type: Event update is added in “Requests” list. The user cannot perfom any action on the event until the request related to this event is processed.
The request “Event update” is added in “Requests” list with the status “Pending”
If you clicks on green arrow you will be redirected to request detailed screen where you can see the updated fields highlighted in green with the old and the new value.
4 eyes approval
The other Issuer or Issuer agent from the same entity as the user who created update request can see the “Event update” request in “Requests” list with the status “ To be validated”
The issuer or issuer agent can click on the green arrow and be redirected to the detailed request screen and approve this request. The request will be shown with ”Submitted” status.
The issuer or issuer agent can reject the request and add a comment. The request will be displayed with the status “Rejected” and you can consult from request detailed page the comment added by the other issuer or issuer agent.
Once the issuer or issuer agent sees the updated values on the event’s detailed page, he can go back to the request detailed page and update the status from ”submitted” to ”Validated”. Otherwise, he can updated to ”Failed”
Corporate actions event cancellation
You can cancel events with the status "COMP" or "PREC".
The cancellation request includes mandatory fields such as cancellation reason (Withdrawal / Cancellation), ensuring all necessary information is provided.
- In case of approval the event status will become "CANC"
- In case of rejection, the event status will remain the same before the cancellation request.
From event detailed screen, you can request event cancellation.
Once the event cancellation request is sent, the event status is not changed. A new request with the type “Event cancellation” is created. You cannot perform any action until the request is processed.
The request “Event cancellation” is added in “Requests” tab in “Corporate actions” list with the status “Pending”
4eyes approval
The 4eyes approval of cancellation follows the same workflow as the update event request.