Corporate Actions

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Imported from previous forum

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Has anyone, using the FIX4.2 version, any idea how corporate action notices can be processed? Simple corporate actions (TAG378) look pretty straight forward, but the free-form nature of Dividend Notices and offerings carry more information that FIX4.2 can account for. The CMS system that FIX is replacing was more conducive to this type of messaging. Any suggestions?

John Christie
Sungard Brokerage Systems
john.christie@sungard.com

Below is an example of a div notice from Pershing:

FBS 1 021909/0748
ATTN: ACCOUNT EXECUTIVE SONY MALHOTRA 02/19/09

      • IMPORTANT NOTICE – TIME CRITICAL * * *
    • EXPIRING OFFER NOTICE * *
  • MULTIPLE OFFER *I
    RE: GLAXOSMITHKLINE
    PLC SHS
    ISIN#GB0009252882
    CASH OPTION
    NOTICE HAS BEEN RECEIVED OF AN OPTIONAL DIVIDEND TO HOLDER OF EX DATE
    02/11/09, RECORD DATE 02/13/09 THE PAYABLE DATE IS 04/09/09
    ALL SHAREHOLDERS SHOULD CONSULT THEIR PROFESSIONAL ADVISORS CONCERVING
    TAXATION C
  • 07:48 02/19/09 -0289