Corporate Actions: A Guide to Securities Event Management (The Wiley Finance Series) [Hardcover]

Michael Simmons (Author), Elaine Dalgleish (Author)

Book Description

Series: The Wiley Finance Series | Publication Date: March 22, 2006

Corporate actions are events that affect large corporations through to the individual investor - even those that own a single-share! All organizations that hold equity and debt securities for themselves and/or on behalf of others are affected when the issuer of a security announces an income or corporate action event. The successful management of the array of different event types requires understanding of the inherent risks, and tight controls at critical points in the event lifecycle. The management of income and corporate action events are important and essential parts of the securities industry business. Written by authors with many years experience within this sector, Corporate Actions: A Guide to Securities Event Management sets out to demystify the subject and provides a thorough, step-by-step introduction to corporate actions and income events.

Corporate Actions is a comprehensive source for understanding a major component of operational processing. The individual components and their relation to each other within the corporate actions lifecycle are explained in detail, through which the reader will gain a clear and thorough understanding of the lifecycle together with potential processing risks and the strategies to mitigate

Corporate Actions is essential reading for all those involved in the securities industry, from new recruits to those involved in both the day-to-day operations process and those within executive management. It will also prove invaluable to those providing consultancy and software solutions to the securities industry.

Corporate Actions is the first major work on this subject. Many people within the securities industry have heard of corporate actions - many people know they can be highly risky - many organizations have lost vast sums of cash in attempting to process them - very few understand them!

Editorial Reviews

From the Inside Flap

An excellent introduction to corporate action processing and workflow. I wouldn't be surprised to see this guide become a de facto standard toward the training of new recruits in the corporate action processing arena.

Harvey Colborne, Principal Business Consultant, Mondas plc

At last, a perceptive piece of work that demystifies the one operational area securities professionals have long associated with high risk and which has few market or product boundaries. Although considered a specialist area, Mike and Elaine’s book takes the reader along a generic process path, explains complexities, highlights key stages and identifies the controls to eliminate risk. A brilliant insight into one of the least known about areas within the global securities industry - it should be available in every Operational Control library.

Graham McCormack, WestLB AG

From the Back Cover

Corporate actions are events that affect large corporations through to the individual investor - even those that own a single-share! All organizations that hold equity and debt securities for themselves and/or on behalf of others are affected when the issuer of a security announces an income or corporate action event. The successful management of the array of different event types requires understanding of the inherent risks, and tight controls at critical points in the event lifecycle. The management of income and corporate action events are important and essential parts of the securities industry business. Written by authors with many years experience within this sector, Corporate Actions: A Guide to Securities Event Management sets out to demystify the subject and provides a thorough, step-by-step introduction to corporate actions and income events.

Corporate Actions is a comprehensive source for understanding a major component of operational processing. The individual components and their relation to each other within the corporate actions lifecycle are explained in detail, through which the reader will gain a clear and thorough understanding of the lifecycle together with potential processing risks and the strategies to mitigate

Corporate Actions is essential reading for all those involved in the securities industry, from new recruits to those involved in both the day-to-day operations process and those within executive management. It will also prove invaluable to those providing consultancy and software solutions to the securities industry.

Corporate Actions is the first major work on this subject. Many people within the securities industry have heard of corporate actions - many people know they can be highly risky - many organizations have lost vast sums of cash in attempting to process them - very few understand them!

See all Editorial Reviews

Product Details

• Hardcover: 428 pages
• Publisher: Wiley (March 22, 2006)
• Language: English
• ISBN-10: 0470870664
• ISBN-13: 978-0470870662
• Product Dimensions: 9.9 x 6.6 x 1.2 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #811,804 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 9 people found the following review helpful:

4.0 out of 5 stars Good book for IT professionals in BFSI, May 25, 2006

By 

Rahul Basu "Bores" (Norristown, PA USA) - See all my reviews
(REAL NAME)   

This review is from: Corporate Actions: A Guide to Securities Event Management (The Wiley Finance Series) (Hardcover)

This is probably the first book on the subject. It may be especially helpful for IT professionals like me in Custodian Banking projects. I got my copy a few days ago and so far it has been a good read. There was always a dearth of suitable material on the subject of Corporate Actions. There used to be times when I would try to find definitions / descriptions of CA terms but would not find good ones even on googling. I would have to rely on second hand interpretations and what corporate/banking websites may say. CA are high risk prone and volatile from market to market with a multitude of interpretations. This book is a good back up and probably a good attempt in forming a baseline. A more descriptive section on SWIFT/ISO15022 standards / SMPG may be a additional bonus.

2 of 2 people found the following review helpful:

5.0 out of 5 stars A great guide to Corporate Actions management, March 11, 2008

By 

Ivo Najdenowicz (Stockholm) - See all my reviews
(REAL NAME)   

This review is from: Corporate Actions: A Guide to Securities Event Management (The Wiley Finance Series) (Hardcover)

Really useful guide to the field of Corporate Actions.
Explores details of different events types and provides a very useful structure. really explains how CA events work and how to manage the risks associated with the different CA events.

Good, useful examples.

On the minus side - maybe too UK market oriented.

4.0 out of 5 stars Worthwhile, December 9, 2011

By 

Claude O'Malley - See all my reviews

This review is from: Corporate Actions: A Guide to Securities Event Management (The Wiley Finance Series) (Hardcover)

If you're the the investment industry knowing the entire process of corporate actions is very beneficial. On the institutional side, the corporate action process is fairly fragmented. Buy side investment firms are making the decisions, custodians have the platform for them to enter them, and then that infomation is sent off to the local agent. Unfortunatley, the corporate action process has not evolved nearly as fast as the trade process. The efficiencies that have been created on the trade communication side have dwarfed that of the corporate action side.