Corporate Actions - A Concise Guide: An Introduction to Securities Events
212 pages | Harriman House (October 1, 2008) | 1905641672 | PDF | 0.5 Mb
Corporate actions have been sidelined for too long and deserve to be treated with more respect. No type of investment security can be fully understood without knowledge of its corporate actions. They have implications for the sustainability of an investment's performance but repeatedly more beguiling investment preoccupations put them into the shade. Together with bank clearing and exchange settlement systems, the administration of corporate actions is one of the key co-operative functions tying our highly competitive global finance industry together.In the financial markets of the developed world the efficiency and 'risklessness' of corporate actions processing is entirely taken for granted.