20 Nov Words and Actions
Posted at 14:16h in Press Coverage
There are over 300 different types of corporate action. In any given year, there are over a million corporate actions across the whole market and around six to seven million corporate action notices overall across all those events” says Jonny Ruck, CEO, Scorpeo. “Our data shows that over $1 billion a year is being missed in just scrip dividends, from not taking the right election at the point that you’re asked to take it. That’s a lot of money.”
Joe Parsons from the Global Custodian highlights the efforts to standardise and automate all aspects of post-trade securities processing in corporate actions, where inefficiency costs are aggregate.