Corporate Actions & Income

CORPORATE ACTIONS AND INCOME

Interactive Data Pricing and Reference Data has researched, validated and delivered corporate actions data to our clients worldwide for more than 30 years. Information is consolidated from hundreds of sources around the world to provide a single service covering multiple markets and instrument types. The data is fully coded and covers:

Capital Change Events
Includes increases and reductions in capital through stock splits/subdivisions, reverse splits/consolidations, write-ups and write-offs, bonus issues and transformation of temporary lines into the parent security.

Income and Principal Payment Events
Includes dividend, coupon, principal and factor updates:

	•	Stock, cash and optional or special dividends
	•	Fixed coupons and floating rate resets for non-North American issues and North American corporate bonds
	•	Early calls and redemptions along with scheduled and optional sinking funds and repayments
	•	Payment factors for more than 1.1 million factors
	•	Daily interest accruals for fixed income mutual funds in the form of mil rates and yield data for money market mutual funds

Mergers and Acquisitions
Corporate level events such as takeovers and mergers, spin-offs or dispositions, liquidations, name changes, litigation proceedings, and notification of shareholder meetings, such as Annual General Meetings and Special Meetings.

Security Master Data
Core instrument data such as extensive cross-reference identification codes, security classification and issue data.

Issue Linkages
Links between related or underlying securities are maintained for issues with multiple trading lines and for assets types such as derivatives, depository receipts, warrants and convertibles.

Corporate Action Process Flows
Managing corporate actions is traditionally a manually intensive operation, processing a large amount of information from multiple sources in multiple formats. The need for efficiency has never been greater, especially as the industry moves toward Straight-through-processing (STP). Automation of corporate actions processing is key to its success.

We recognize the difficulties in corporate actions automation, which is why we applied our vast experience to define corporate action process flows. These process flows have been specifically developed to offer our clients a logical rules-based methodology for categorizing and defining our corporate actions data. Providing assistance to users in the automation of corporate actions, the process flows include:

	•	Grouping of specific event types to establish key processing decisions
	•	Identification and capture of specific features required to process actions in each event grouping
	•	Ability to determine mandatory and optional actions at the appropriate point in the process to facilitate informed business decisions
	•	Guidance on how to treat regional differences in events presentation

Working with Third Party Vendors and Software
Interactive Data Pricing and Reference Data maintains relationships with an impressive number of partners from the software industry - key for flexible access. More than 250 organizations provide an interface to our data, including many industry leaders.