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Glossary

Corporate Action

Any event initiated by a public company that affects the securities issued by the company, such as dividends, stock splits, or mergers.

Corporate Action News

Industry
Pirum collaborates with Kingfield to automate income claims

The connectivity created by the two firms aims to increase straight-through processing, enabling counterparties to remit claims on pay date and reduce capital requirements

Industry
Pirum enhances CoacsConnect to automate corporate actions process

The next phase of CoacsConnect will fully automate the voluntary corporate action process for the securities finance industry

Industry
IMN: Securities finance revenues outperform for 2022

S&P Global Market Intelligence’s director of securities finance Matthew Chesssum predicts “a very good year” for 2022, as securities finance revenues see best performance since 2008

Technology
CACEIS picks Taurus’ solution to enhance digital asset offering

CACEIS has selected Taurus’ solution to enhance its digital asset offering with services that meet clients’ growing demand

Industry
Laura Klimpel discusses DTCC’s proposed clearing service for SFTs

“Settlements would be allowed to pair off daily against new activity, with NSCC calculating and processing price differential payment amounts that are created by the daily pair off and processed through DTCC,” says Laura Klimpel

Technology
Pirum Systems unveils corporate actions processing solution

Pirum’s COACSConnect service aims to enable market participants to create, match and disseminate corporate action related notifications

Industry
Northern Trust sees YoY revenue growth

Northern Trust has continued the trend of agent lenders achieving year-on-year (YoY) growth for 2020 despite lacklustre returns in Q4

Industry
IHS Markit enhances securities finance data and analytics platform

The new functionality includes a unique tool that offers daily analytical reports that can complement a firm’s approach to best execution and daily disclosure data on short positions from China