Corporate Actions / Wiley Finance Series (PDF)

Introduction. About the Authors. PART I INTRODUCTORY ELEMENTS. 1 Basic Corporate Action Concepts. 2 Event Description and Classification. 3 The Securities (and Corporate Actions) Market Place. 4 Static Data. 5 Securities Position Management. PART II MANDATORY EVENTS. 6 Overview of the Generic Corporate Action Lifecycle. 7 Straight Through Processing. 8 Event Terms Capture and Cleansing. 9 Determining Entitlement. 10 Communication of Event Information. 11 Calculation of Resultant Entitlements. 12 Passing of Internal Entries. 13 Collection/Disbursement of Resultant Entitlements. 14 Updating of Internal Entries. 15 Examples of Mandatory Events. PART III EVENTS WITH ELECTIONS. 16 Concepts of Events with Elections. 17 Management of Mandatory with Options Events. 18 Management of Voluntary Events. PART IV MULTI-STAGE EVENTS. 19 Concepts of Multi-Stage Events. 20 Management of a Rights Issue. 21 Example of a Rights Issue. 22 Concepts of Takeover Events. 23 Management of Takeover Events. PARTV TAXATION. 24 Concepts and Management of Taxation. 25 Management of Income Tax. PART VI ISSUER NOTICES. 26 Concepts and Management of Issuer Notices. PART VII OBJECTIVES AND INITIATIVES. 27 Objectives and Initiatives. Glossary of Terms. Index.

MICHAEL SIMMONS has spent the majority of his working life
within the operational areas of international investment banks,
most notably within the S.G. Warburg group in London. Having gained
a detailed understanding of various back office tasks through many
years of hands-on experience, he assumed managerial responsibility
for a number of operational areas.

In recent years, Michael has worked as head of business consultancy
within a global computing services firm, and is now an independent
analyst and trainer. Michael's areas of expertise include all
aspects of the fixed income and equity trade lifecycle and related
activities, including operational risks and controls. Recent
assignments include the offshoring of operational activities to
India and operational risk analysis (the Sarbanes Oxley act). In
addition, he creates and delivers training courses on the workings
of the securities industry and associated operational aspects to
audiences around the world.

Michael is author of Securities Operations: A Guide to Trade and
Position Management published by John Wiley & Sons, which
describes the fundamental components of operational activities from
a first-principles perspective.

ELAINE DALGLEISH has spent her working life within the
operational areas of investment banking and stock broking, working
directly for international banking firms and financial software
providers. Elaine's hands-on experience spans various middle
and back office operational disciplines in multiple markets. Whilst
working directly in investment banking and stock broking, this has
ultimately included the managerial responsibility for a number of
operational areas.

The focal point of Elaine's working history is the consistent
involvement with Corporate Actions operations, initially with the
manual processing of events as a custodian, and subsequently
working as a Senior Business Analyst, specialising in Corporate
Actions, analysing client requirements, and

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