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Corporate Actions

The world of corporate actions has become increasingly complex for the financial community. Securities have become more exotic and the corporate actions impacting these instruments have surged in number, while becoming ever more complex and often having cross-border implications. For the financial professional, corporate actions represent managing risk, and Interactive Data provides data and services to help reduce exposure to these operational and reputational risks.

Interactive Data delivers timely, high-quality information on global corporate actions for more than 70 event types throughout the business day, empowering clients to effectively monitor events that impact the financial markets.

It is critical for institutions to have access to high-quality corporate actions data delivered in a format that can be seamlessly integrated into their financial systems and applications. If institutions cannot effectively process corporate actions, or if the information that they monitor is not timely or accurate, they could miss out on important investment opportunities or make a decision based on flawed or out-of-date information.

As the world’s financial markets continue to expand and become increasingly complex, financial institutions will continue to demand a broader range of corporate actions information to help them effectively monitor their investments. Interactive Data is committed to providing high-quality, timely corporate actions data and will continue to focus on opportunities to expand its coverage and optimize data delivery.

Corporate Actions

  • An award-winning service that seamlessly delivers mission-critical information to help mitigate processing risk
  • Integrated content – delivered in a consistent format
  • Comprehensive global coverage with exceptional depth of data for more than 70 corporate action types, including mandatory and voluntary corporate actions – covering over 65,000 companies operating in over 90 countries
  • Timeliness – intra-day capability with delivery every hour
  • Flexible delivery platform allowing access to data in a variety of formats, including XML, proprietary and standard ISO 15022, streamlining integration into financial systems and applications
  • Ease of navigation

Cost Basis

  • Comprehensive database captures information on events that may have a tax or cost basis impact
  • Web-based tool enables clients to easily monitor daily cost basis affecting events, create portfolios to track specific securities or events, and receive customized reports
  • Data available in a range of formats and delivery systems to meet clients' needs
  • Sophisticated calculator can enable clients to quickly calculate cost basis information throughout the day

Class Actions

  • Coverage of securities class action litigation from initial filing through disbursement of funds
  • Easy-to-use Web-based application that provides you with tools to monitor and track pending cases
  • Class actions data available in ISO 15022 format, reducing the risk of incorrect interpretation of data and helping with downstream processing
  • Provides historical content going back nearly 20 years on a number of class action items, including class status, class period and class description
  • Offers watch lists, portfolio monitoring and customizable reporting including email reports to help clients respond quickly to new developments

Income

  • Dividend coverage includes equities, mutual funds, UITs, ADRs, ETFs and auction rate preferred securities
  • Principal and income payment details on fixed income instruments
  • Agency and whole loan-backed collateralized mortgage obligations, asset-backed securities, and commercial mortgage-backed securities
  • Payment frequency and detailed type codes
  • Tax status classifications including qualified dividend, long- and short- term capital gains