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Actions On and After Pay Date - Mandatory Corporate Action

Actions On and After Pay Date - Mandatory Corporate Action

Description

On pay date of a mandatory corporate action event, certain actions should be undertaken.

Best Practice

On the pay date of the event parties should notify their counterparties confirming any closed and reopened trades, as well as any cash movements confirmed with a claim, that have been executed in reference to the corporate action event.

The minimum field list for claims can be found here. ] (COAC-146)

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