Corporate Actions
Learn the fundamentals of Corporate Actions using easy-to-understand language and working examples
Ratings 3.70 / 5.00
What You Will Learn!
- Participants will gain an understanding of the basics of Corporate Actions. These will be demonstrated using some recent real World events.
- The differences between various Corporate Actions such as Cash Dividends, Stock Splits, Tender Offers, Reverse Stock Splits, Spin Offs and Rights Offers
- You will become proficient at analyzing the terms of a Corporate Action announcement using real World company announcements.
- Understand the importance of Critical Dates i.e. Ex-Date, Effective Date, Record & Payable Date.
- How entitlements (Cash & Stock) are calculated and how the timing of your trading activity affects your participation in each event.
- Why companies undertake various Corporate Actions (Financial Engineering) and demonstrate how the markets typically react
- Obtain an overview of market participants and the current landscape today.
- Participants will have an opportunity to test their proficiency using quizzes provided within each section.
Description
Course Introduction and Overview
This course is for you if you are you looking for a highly-effective and easy way to understand the fundamentals of Corporate Actions. You will quickly gain a firm grasp of the key concepts and vocabulary around Corporate Actions.
You will also earn a certificate on completion of this course from a recognized Corporate Actions expert.
During the past 25 years Pearse Carney has worked at various organizations such as FIS Gobal, Brown Brothers Harriman, Fidelity Investments (Ireland), SunLife Information Services, Information Mosaic (now IHS Markit), Fidelity Investments (USA) as Principal Systems Analyst (Technology) where he was Project Lead from a Corporate Actions perspective for their T+2 Industry Initiative.
Throughout his career Pearse has gained a deep understanding of Corporate Actions from both an operations as well as a software development perspective. This enables him to bring a unique and distinct approach to delivering a Corporate Actions course.
Whether you are looking to take a Corporate Actins course for professional or personal reasons this course will set you apart from your peers.
How the course is delivered:
We use real World examples of recent Corporate Actions announced by recognizable companies such as Apple Corp, Netflix and Starbucks. Doing so creates relevance and context and helps the learner grasp concepts quicker and with deep meaning.
Each Corporate Action Type is explained as follows:
Participants are introduced to the objectives of each lecture
The instructor then explains the background and function of the particular event type in focus. There is an accompanying PDF to this section which the student can download and keep as a handy reference.
Participants view a short custom video of a real World Corporate Action Event. This sets the stage for the next step.
The instructor discusses the terms of the event by referencing the company’s own official press releases - typically located in the Investor Relations section on the company’s website.
Of importance and interest here is a discussion on the events critical dates (Ex-date, Record Date etc) and terms such as cash and / or stock rates.The instructor the runs through a set of “what if” scenarios to explain how entitlements are calculated. For example we assume you own 100 shares on the events announcement date and then execute a number of trades (buys & Sells) during the events lifecycle. The instructor explains how some of these trades can increase or decrease your entitlement and why they do so.
There is an accompanying PDF to this section which the student can download and keep as a handy reference.Each lecture has a minimum of one quiz designed to assess your learning and enhance it further given that each answer (whether correct or incorrect) is explained.
I look forward to seeing you inside!
Best,
Pearse Carney
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Who Should Attend!
- New entrants to the securities industry who wish to accelerate their understanding of Corporate Actions.
- Existing persons within the securities industry such as Fund Accountants, Business Systems Analysts, Broker/Dealers, Investment Bankers, Settlement & reconciliation staff.
- Finally, anyone who trades and invests and has a general interest in learning more about Corporate Actions.
