Actions On & After Pay Date - Mandatory Corporate Action:

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Actions On and After Pay Date – Mandatory Corporate Action

Status: Finalised Last Updated: 29 Nov 2021

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)