Revamping Corporate Actions
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Dividend payments, stock splits, name changes, spin-offs and other corporate actions impacting securities already held in accounts were not supposed to be affected by T+1. But as the deadline for shortening the trade settlement cycle is challenging firms to further automate all aspects of their business, semi-manual and sometimes disjointed corporate actions systems are getting a second look.
"We’ve all been exposed to these huge, huge risks for years," says Martin Pearce, senior vice president
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