Customer Reviews

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

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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.

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.

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.

great book.
if you you are in this business - certainly worthwhile the money.
i've shipped my package to ireland.
the delivery was fast items came in excellent condition.