Corporate Actions Data Services

Corporate Actions Services

Corporate Actions play a critical role in the financial industry due to their impact on businesses, including issuers or companies, investors such as shareholders and bondholders, financial institutions, and financial markets. While the impact may differ across these entities, the common point is that Corporate Actions alter the structure, value, or risk profile of a security or issuer.

Corporate Actions affect several key areas:

Valuation
Capital structure
Liquidity
Risk
Investor Confidence

For companies, Corporate Actions help optimize financial strategy. For investors, they influence returns and portfolio risk. For financial institutions, they create both operational risk and business opportunities.

Because of the critical importance of Corporate Actions to a business, missing, mistiming, or misprocessing Corporate Actions data can prove detrimental. These impacts may include valuation or compliance costs for an issuer, risk exposure for an investor, operational and technological costs for financial institutions, and changes in trading activity and volatility for financial markets.

FII’s Financial Actions Services (FAS) offers a comprehensive view of Corporate Actions data. FII’s FAS Corporate Actions services help address industry challenges by providing accurate, real-time, cost-effective corporate actions solutions backed by a comprehensive data validation method and more than 115 years of expertise.

Users can also explore FII’s broader solutions on the Products Overview page.

What are Corporate Action Solutions?

Corporate action solutions provide financial institutions with comprehensive and timely corporate actions data that supports operational, investment, and regulatory needs across the financial industry. Financial Information Incorporated (FII) offers one of the financial industry’s most comprehensive and timely corporate action data services, supporting organizations across banking, brokerage, legal, and government sectors.

FII’s solutions include reorganization services, called bond services, put options, warrant watch, dividend announcements, and daily stock services. These services provide real time, validated data so clients can access accurate and up to date information when corporate action events occur.

Comprehensive Corporate Actions data serves a wide range of purposes across the financial industry. Issuers and companies rely on Corporate Actions data for capital financing activities such as rights issues, stock splits, or bond issuances to raise funds and manage debt. Investors use Corporate Actions data to monitor value changes, income opportunities, decision requirements, and risk exposures related to events such as dividends, spin offs, interest payments and distributions, tender offers, and mergers.

Financial institutions depend on accurate corporate action information to support operational efficiency, manage infrastructure costs, and maintain reliable processing systems. Financial markets also rely on comprehensive Corporate Actions data to support liquidity, trading activity, price stability, and overall market efficiency.

Core Challenges in Managing Corporate Actions

Corporate Actions represent a complex data set with a significant impact on the financial industry. Managing Corporate Actions presents several operational and data challenges, including data quality, timeliness, event complexity, operational risk, technology limitations, regulatory compliance requirements, and client servicing needs.

Organizations commonly face several operational challenges when processing Corporate Actions:

Delayed notifications that impact trading decisions and operational workflows
Data inconsistencies across multiple sources that create reconciliation challenges
High manual processing costs due to fragmented systems and workflows
Regulatory exposure when events are processed incorrectly or late

Failure to properly address these issues can result in financial loss, reputational damage, and regulatory or legal penalties. To manage Corporate Actions effectively, organizations require structured operational processes and reliable data systems. However, many legacy systems struggle to scale as event volumes and complexity increase.

FII addresses these challenges by providing real time delivery of accurate and validated Corporate Actions data. FII offers 24/7 North American Corporate Actions coverage supported by a multi source validation process, external partnerships, and a multi step proofreading process developed through more than 115 years of industry experience.

FII’s services also include standardized data aligned with ISO 15022 and ISO 20022 standards, event classification and hierarchy, historical archives, and SLA backed reliability.

FII’s Corporate Action Services

Financial Information Incorporated (FII) provides a range of corporate action data services designed to support the operational, regulatory, and analytical needs of financial institutions.

FII’s Reorganization Service provides coverage of corporate actions involving structural changes to securities or issuing entities. These events may include mergers, acquisitions, spin offs, tender offers, exchanges, and other reorganizations that can alter ownership structure or security characteristics.

Field Names: Mergers & Acquisitions, Purchase and Exchange Offers, Tender Offers, Rights Offers, Forward & Reverse Splits, Stock Dividends, Spin-Offs & Distributions, Capital Changes, Indenture Solicitations, Poison Pills, Conversion Expirations, Name Changes, Incorporation Changes, Bankruptcy Filing, Confirmation and Effective Dates, Bankruptcy Distributions, Reorganizations, Recapitalizations, Dissolutions, Liquidations Receiverships, Class Actions and Settlements, Principal & Interest Defaults, Bond Defeasance.

FII’s Put Options Service provides data on securities that include investor put options, allowing holders to sell a security back to the issuer under specified conditions. This information helps institutions track relevant deadlines and manage portfolio related decisions.

Field Names: Optional Puts, Mandatory Repurchase, Mandatory Retained, Remarketing Agent, First Notification Date, Last Notification/Expiration Date, Put Frequency, Next Put Date.

FII’s Warrant Watch Service provides information on warrants and related corporate action events. Warrants grant holders the right to purchase securities at a specified price within a defined period. The service helps institutions monitor warrant activity and expiration timelines.

Original Issue, Basis of Exercise, Expiration, Bankruptcy, Name Changes and Reorganizations, Exchange and Purchase Offers, Adjustment of Terms & Exercise Price Change, Call Feature and Redemptions, Declared Worthless.

FII provides comprehensive coverage of dividend announcements, including declared dividends, payment dates, and distribution information. Timely dividend data helps investors and financial institutions manage income expectations, portfolio valuation, and reporting requirements. Additional information is available on the Dividends product page.

Adjustable Rate Preferreds, ADR’s, Capital Shares, Certificates, Common Stock, Convertible Preferreds, Closed End Funds, Cumulative Preferreds, Debt Linked Securities, Equity Linked Securities, ETF’s, ETN’s, Foreign Preferreds, GDR’s, Limited Partnerships, Ordinary Shares, Participating Common Stock, Participating Preferreds, Preferreds, REITS, RIGHTs, Royalty Trusts, Units, UIT’s, Warrants and more.

FII’s Daily Stock and UIT Services provide updates on stock related corporate actions and Unit Investment Trust activity. These services support organizations that require consistent monitoring of equity related events and trust structures.

Record Date; Ex Date; Pay Dates; Financial Year End Date; Period End Date; Frequency; Marker; Nil Dividend; Option ID; Dividend Type; Currency; Percentage; Gross & Net Dividend; Cancelled Flag; Tax Rate; Previous & New Ratio; Fractions; Depository Fees; Coupon; Rate; Election Date Flag; Resultant Security Type; Resultant Security ID; Resultant ISIN, SEDOLTM…; Record Date ID & Notes; Registration Date; Priority; Notes

Use Cases: Corporate Actions Data in Action

Financial institutions and public sector organizations rely on accurate and timely corporate actions data to support operational processes, regulatory obligations, and investment management.

Enabling Real Time Corporate Actions Processing for a Multinational Bank and Prime Broker

FII supplies Daily Corporate Actions data to a multinational bank and prime broker through its relationship with FTS Software, Inc. Corporate actions data is delivered through the Corporate Actions Announcement Processing System (CAAPS).

By replacing a legacy system and integrating with CAAPS, the organization improved workflow management and transitioned to real time processing. FII’s Daily Corporate Actions data feeds directly into CAAPS, allowing the institution to access validated corporate action information through a streamlined and cost effective workflow.

Integration Options and Technical Specs

FII provides flexible delivery options designed to integrate with internal systems and operational workflows. Corporate Actions data is delivered in real time with 24/7 North American coverage.

Supported delivery formats include:

XML
ISO 15022 messaging standards
Variable Length Records
Fixed 80 Byte Records
Customizable delivery solutions

Corporate Actions data can also be accessed through FTS Software, Inc. and its Corporate Actions Announcement Processing System (CAAPS), a secure cloud based platform designed for workflow management and corporate actions processing.

These integration options allow organizations to incorporate FII’s Corporate Actions data directly into internal systems, operational processes, and data platforms while maintaining flexibility across different technical environments.

Additional Subscriber Services

FII Online (Real-Time Data)

FII Online is FII’s web-based query platform that gives subscribers access to decades of historical securities and reference information through a single interface.

Designed to reduce time spent searching across multiple databases and publications, FII Online combines fast access with a user-friendly experience to support today’s securities processing requirements.

Corporate Actions Alert Service (FAAS)

FAAS is an enhancement available to FII Online subscribers that automatically checks subscriber CUSIPs against FII’s Corporate Actions Services and delivers notifications of relevant corporate action events via email.

Alerts can be configured to run daily, weekly, or at intervals that align with each subscriber’s operational requirements.

Subscriber Research Services

FII subscribers gain access to a dedicated Subscriber Help Desk Service, providing direct access to FII’s research team for information requests and additional support.

If subscribers cannot determine the status of a security, FII’s team performs the necessary research on their behalf to help locate and verify the required information.

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