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Economics/Finances Corporate Actions - A Concise Guide: An Introduction to Securities Events

Posted on 2010-03-15




Name:Economics/Finances Corporate Actions - A Concise Guide: An Introduction to Securities Events
ASIN/ISBN:1905641672
Language:English
File size:1.05 Mb
Publish Date: 2008-10-01
ISBN: 1905641672
Pages: 212 pages
File Type: PDF
File Size: 1,05 MB
Other Info: Harriman House
   Economics/Finances Corporate Actions - A Concise Guide: An Introduction to Securities Events

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Francis Groves, “Corporate Actions - A Concise Guide: An Introduction to Securities Events”

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. Yet the volume of complex corporate actions and a common sense estimate of the likelihood of mistakes occurring suggest that industry practitioners and investing clients may be deluding themselves. If knowledge of corporate actions brings us to fully understand the securities they relate to, some familiarity with corporate actions processing is important in gaining an insight into the workings of the securities industry as a system. With the exceptions of accountancy and financial regulation, no other activity involves as many kinds of investment industry participant as corporate actions processing.

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Corporate Actions: A Guide to Securities Event Management (The Wiley Finance Series) 2007

by: Michael Simmons, Elaine Dalgleish

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