Standard & Poor's - Data Services Corporate Action Service

Actively Track Corporate Actions and Changes

Global Corporate Action Service is essential for the effective administration of global securities portfolios.

It actively tracks corporate actions and changes affecting securities worldwide, including: cash dividends, splits, liquidations, mergers, new issues, divestitures, bankruptcies, repurchase offers, name and domicile changes.

Benefits

Automates front and back-office operations.

Speeds up global trading, clearing and settlement.

Allows quick implementation and reduced programming time.

Reduces clerical errors.

Features

Basic Data: Comprehensive fundamental data regarding new issues and changes to existing securities -- including rates, offering and special interest conditions, conversions and repayment terms.

Dividends & Distributions: All cash and non-cash distributions to equity and debt security holders -- including cash dividends, distributions in-kind, capital distributions, stock dividends and payments for floating rate notes.

Reorganizations: All other capital changes that are not new issues or dividend-type distributions, including mergers, divestitures, tender and repurchase offers, shares outstanding, bankruptcies, class-action suits, changes in exercise or conversion terms, name and domicile changes and par-value changes.

Special Terms and Conditions: Descriptive information for newly issued securities, repayment terms, conversions, offerings and special interest conditions.

Ratings: Standard & Poor's, Moody's, JCR and the JBRI Japanese Rating Agencies.

Company Information: Liquidations, bankruptcies, class actions, parent company information and corporate meeting announcements.

Announced Action & Events: Information on name changes, splits, reverse splits, mergers, capital re-structures, separations and consolidation of units, assimilations, spin-offs, purchases, reorganizations and meetings.

Capital Changes: Share issues, shares outstanding, premature redemption of bonds, rights offers, reverse splits and maturities.

History: Information for approximately 8 years on any desired series of corporate actions.

Specifications

Files are available daily in a fixed format and are delivered electronically via FTP or dial-up. The selection capability allows you to specify the types of securities you wish to receive.

Files can also be selected by any official National Security Identification Number (NSIN) including CUSIP, Valor, SEDOL, etc.