Corporate Actions Agent
Processes corporate actions from event capture through posting.
Reads the event notice from multi-source announcements, reconciles the terms into a golden record, calculates entitlements down to fractional-share handling and tax, drives the election where it's voluntary, and posts the result. Holds every entitlement calc for independent re-derivation by a judge agent before posting.
Authority
Recommend for approval
Team role
Coordinates the work
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Custody & Asset Servicing
Desk workflow
Event capture, then entitlement calculation, then client notification, then election capture, then instruction to market, then posting. Mandatory and voluntary events; voluntary elections run against tight, hard deadlines.
Collaboration
Coordinates specialist contributions
Decision boundary
An accountable reviewer commits the decision or action.
Systems and capabilities involved
Event data vendors (multi-source)
scrub + golden record
Custody / sub-ledger positions
Entitlement + tax calculation
Legacy asset-servicing platform
Election capture agent
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Handoff to
Receives from
Context
What the role needs to do the work
- Current work
- The event terms, the affected positions, the entitlement calc.
- Prior interactions
- How prior events on this issuer/security were processed.
- Policies and reference
- Corporate-action event types (ISO 15022/20022), tax + fractional rules.
- Working method
- Processing playbooks per event type and market.
Illustrative workflow
How the work moves
Starting point
Voluntary event: rights issue with a cash-or-subscribe option, 5-day window.
- 01
Scrub the announcement across three vendors; reconcile the subscription ratio.
- 02
Compute per-holder entitlements incl. fractional handling; build the golden record.
- 03
Notify holders via the election agent; capture and validate elections.
- 04
Instruct the market on the default for non-responders before the deadline.
Result
A fully processed rights issue: entitlements posted, elections instructed, defaults applied on time, with the calc independently re-derived as a check before posting.
Checks and boundaries
What must be tested or reviewed
- 01Multi-source event scrub: terms must agree across vendors or the event is held for review.
- 02Entitlement calc independently re-derived by a judge agent before posting.
- 03Deadline guardrail: any voluntary event nearing its response deadline escalates.
- 04Mandatory four-eyes: a second, independent agent re-derives high-value or ambiguous-term events before posting.
Human authority
An accountable reviewer commits the decision or action.
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