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hs_cos_wrapper_type_inline_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="inline_text" data-hs-cos-field="innerbanner_banner_content.innerbanner_main_title">Understanding Corporate Actions</div> </h1> </div> </div> </div></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-2 dnd_area-row-1-vertical-alignment dnd_area-row-1-background-color dnd-section dnd_area-row-1-background-layers"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell dnd_area-column-2-padding dnd-column dnd_area-column-2-vertical-alignment" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-3 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1701110841969" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1701110841969_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center;">About Corporate Actions</h2> <h3 style="text-align: center;">Corporate Actions are important events that can relate to a company as a whole and/or its shares, bonds, other instruments. </h3></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-4 dnd-row"> <div class="row-fluid "> <div class="span6 widget-span widget-type-custom_widget widget_1702292609451-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="6"> <div id="hs_cos_wrapper_widget_1702292609451" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <a 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data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-6 cell_17011145283422-row-0-vertical-alignment dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell cell_1706522315509-vertical-alignment dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-7 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1701114838741" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1701114838741_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center; font-size: 50px;">Historical Perspectives</h2> <p style="text-align: center;">The oldest corporate actions are as old as the first companies. The oldest continuously operating company is Japanese construction firm, Kongo Gumi, founded in 578 AD. The Dutch East India Company, established in 1602, is thought to be the oldest joint stock company, which had multiple shareholders that needed to be informed of corporate actions.</p></span></div> </div> </div> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-8 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1706529334401" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-9 cell_17011145283422-row-2-vertical-alignment dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell cell_1706522510895-vertical-alignment dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-10 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1701114695919" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1701114695919_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center; font-size: 50px;">Role in Financial Markets</h2> <p style="text-align: center;">Corporate actions will often have a substantial impact on prices and trading volumes of shares and bonds. For instance a takeover bid is nearly always at a premium to the recent share price and conversely shares tend to fall by the amount of the dividend when they go ex-dividend.</p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-11 dnd-row cell_1706522510895-row-1-vertical-alignment"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell cell_1706522506061-vertical-alignment dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-2 row-number-1 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget module_17065225060613-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_17065225060613" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-linked_image" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <span 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center;">Operational Considerations in Corporate Actions</h2></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-7 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1701115277993" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <style> .iconbox-main.ibox-sone .iconbox:hover { box-shadow: 0 5px 12px 8px rgba(0,0,0,0.1); } </style> <div class="iconbox-main ibox-sone "> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1701115277993_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 576 512" aria-hidden="true"><g id="shopping-cart1_layer"><path d="M528.12 301.319l47.273-208C578.806 78.301 567.391 64 551.99 64H159.208l-9.166-44.81C147.758 8.021 137.93 0 126.529 0H24C10.745 0 0 10.745 0 24v16c0 13.255 10.745 24 24 24h69.883l70.248 343.435C147.325 417.1 136 435.222 136 456c0 30.928 25.072 56 56 56s56-25.072 56-56c0-15.674-6.447-29.835-16.824-40h209.647C430.447 426.165 424 440.326 424 456c0 30.928 25.072 56 56 56s56-25.072 56-56c0-22.172-12.888-41.332-31.579-50.405l5.517-24.276c3.413-15.018-8.002-29.319-23.403-29.319H218.117l-6.545-32h293.145c11.206 0 20.92-7.754 23.403-18.681z" /></g></svg></span> </div> <h5>Managing Data Volume</h5> </div> </a> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1701115277993_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" aria-hidden="true"><g id="clock2_layer"><path d="M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8zm57.1 350.1L224.9 294c-3.1-2.3-4.9-5.9-4.9-9.7V116c0-6.6 5.4-12 12-12h48c6.6 0 12 5.4 12 12v137.7l63.5 46.2c5.4 3.9 6.5 11.4 2.6 16.8l-28.2 38.8c-3.9 5.3-11.4 6.5-16.8 2.6z" /></g></svg></span> </div> <h5>Ensuring Timeliness</h5> </div> </a> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1701115277993_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" aria-hidden="true"><g id="window-restore3_layer"><path d="M464 0H144c-26.5 0-48 21.5-48 48v48H48c-26.5 0-48 21.5-48 48v320c0 26.5 21.5 48 48 48h320c26.5 0 48-21.5 48-48v-48h48c26.5 0 48-21.5 48-48V48c0-26.5-21.5-48-48-48zm-96 464H48V256h320v208zm96-96h-48V144c0-26.5-21.5-48-48-48H144V48h320v320z" /></g></svg></span> </div> <h5>Accuracy and Verifications</h5> </div> </a> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1701115277993_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 640 512" aria-hidden="true"><g id="cogs4_layer"><path d="M512.1 191l-8.2 14.3c-3 5.3-9.4 7.5-15.1 5.4-11.8-4.4-22.6-10.7-32.1-18.6-4.6-3.8-5.8-10.5-2.8-15.7l8.2-14.3c-6.9-8-12.3-17.3-15.9-27.4h-16.5c-6 0-11.2-4.3-12.2-10.3-2-12-2.1-24.6 0-37.1 1-6 6.2-10.4 12.2-10.4h16.5c3.6-10.1 9-19.4 15.9-27.4l-8.2-14.3c-3-5.2-1.9-11.9 2.8-15.7 9.5-7.9 20.4-14.2 32.1-18.6 5.7-2.1 12.1.1 15.1 5.4l8.2 14.3c10.5-1.9 21.2-1.9 31.7 0L552 6.3c3-5.3 9.4-7.5 15.1-5.4 11.8 4.4 22.6 10.7 32.1 18.6 4.6 3.8 5.8 10.5 2.8 15.7l-8.2 14.3c6.9 8 12.3 17.3 15.9 27.4h16.5c6 0 11.2 4.3 12.2 10.3 2 12 2.1 24.6 0 37.1-1 6-6.2 10.4-12.2 10.4h-16.5c-3.6 10.1-9 19.4-15.9 27.4l8.2 14.3c3 5.2 1.9 11.9-2.8 15.7-9.5 7.9-20.4 14.2-32.1 18.6-5.7 2.1-12.1-.1-15.1-5.4l-8.2-14.3c-10.4 1.9-21.2 1.9-31.7 0zm-10.5-58.8c38.5 29.6 82.4-14.3 52.8-52.8-38.5-29.7-82.4 14.3-52.8 52.8zM386.3 286.1l33.7 16.8c10.1 5.8 14.5 18.1 10.5 29.1-8.9 24.2-26.4 46.4-42.6 65.8-7.4 8.9-20.2 11.1-30.3 5.3l-29.1-16.8c-16 13.7-34.6 24.6-54.9 31.7v33.6c0 11.6-8.3 21.6-19.7 23.6-24.6 4.2-50.4 4.4-75.9 0-11.5-2-20-11.9-20-23.6V418c-20.3-7.2-38.9-18-54.9-31.7L74 403c-10 5.8-22.9 3.6-30.3-5.3-16.2-19.4-33.3-41.6-42.2-65.7-4-10.9.4-23.2 10.5-29.1l33.3-16.8c-3.9-20.9-3.9-42.4 0-63.4L12 205.8c-10.1-5.8-14.6-18.1-10.5-29 8.9-24.2 26-46.4 42.2-65.8 7.4-8.9 20.2-11.1 30.3-5.3l29.1 16.8c16-13.7 34.6-24.6 54.9-31.7V57.1c0-11.5 8.2-21.5 19.6-23.5 24.6-4.2 50.5-4.4 76-.1 11.5 2 20 11.9 20 23.6v33.6c20.3 7.2 38.9 18 54.9 31.7l29.1-16.8c10-5.8 22.9-3.6 30.3 5.3 16.2 19.4 33.2 41.6 42.1 65.8 4 10.9.1 23.2-10 29.1l-33.7 16.8c3.9 21 3.9 42.5 0 63.5zm-117.6 21.1c59.2-77-28.7-164.9-105.7-105.7-59.2 77 28.7 164.9 105.7 105.7zm243.4 182.7l-8.2 14.3c-3 5.3-9.4 7.5-15.1 5.4-11.8-4.4-22.6-10.7-32.1-18.6-4.6-3.8-5.8-10.5-2.8-15.7l8.2-14.3c-6.9-8-12.3-17.3-15.9-27.4h-16.5c-6 0-11.2-4.3-12.2-10.3-2-12-2.1-24.6 0-37.1 1-6 6.2-10.4 12.2-10.4h16.5c3.6-10.1 9-19.4 15.9-27.4l-8.2-14.3c-3-5.2-1.9-11.9 2.8-15.7 9.5-7.9 20.4-14.2 32.1-18.6 5.7-2.1 12.1.1 15.1 5.4l8.2 14.3c10.5-1.9 21.2-1.9 31.7 0l8.2-14.3c3-5.3 9.4-7.5 15.1-5.4 11.8 4.4 22.6 10.7 32.1 18.6 4.6 3.8 5.8 10.5 2.8 15.7l-8.2 14.3c6.9 8 12.3 17.3 15.9 27.4h16.5c6 0 11.2 4.3 12.2 10.3 2 12 2.1 24.6 0 37.1-1 6-6.2 10.4-12.2 10.4h-16.5c-3.6 10.1-9 19.4-15.9 27.4l8.2 14.3c3 5.2 1.9 11.9-2.8 15.7-9.5 7.9-20.4 14.2-32.1 18.6-5.7 2.1-12.1-.1-15.1-5.4l-8.2-14.3c-10.4 1.9-21.2 1.9-31.7 0zM501.6 431c38.5 29.6 82.4-14.3 52.8-52.8-38.5-29.6-82.4 14.3-52.8 52.8z" /></g></svg></span> </div> <h5>Witholding Taxes</h5> </div> </a> </div>  </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-8 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module module_1702292761105-flexbox-positioning" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1702292761105" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <a class="hs-button " href="https://www.ultumus.com/understanding-index-data-management/index-data-delivery?hsLang=en" id="hs-button_module_1702292761105" rel=""> Learn More </a> </div> </div> </div> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-9 dnd-section"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-10 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1701116254935" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1701116254935_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center;">Corporate Actions Data Delivery</h2></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-11 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-12 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1704818643247" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1704818643247_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;"><img src="https://www.ultumus.com/hubfs/Why%20Ultumus%20-%2010%20reasons/1.svg" width="85" height="85" loading="lazy" alt="1" style="height: auto; max-width: 100%; width: 85px;">Delivery Mechanisms</h3> <div style="text-align: center;">Solutions can be on premise or hosted or a mix of both.</div> <p> </p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-13 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1704819010118" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1704819010118_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;"><img src="https://www.ultumus.com/hubfs/Why%20Ultumus%20-%2010%20reasons/2.svg" width="85" height="85" loading="lazy" alt="2" style="height: auto; max-width: 100%; width: 85px;">Integration with CSDs and Custodians</h3> <div style="text-align: center;">Tagging, glagging and identifiers also need to be coordinated with the central securities depositaries and custodians who hold securities.</div> <p> </p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-14 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1704818875543" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1704818875543_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;"><img src="https://www.ultumus.com/hubfs/Why%20Ultumus%20-%2010%20reasons/3.svg" width="85" height="85" loading="lazy" alt="3" style="height: auto; max-width: 100%; width: 85px;">Data Formats and Standards</h3> <div style="text-align: center;">Information may need to meet ISO 15022, an ISO standard for securities messaging in transactions between financial institutions. There can be standard and proprietary versions o ISO 15022.</div> <p> </p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-15 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705397780548" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1705397780548_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;"><img src="https://www.ultumus.com/hubfs/Why%20Ultumus%20-%2010%20reasons/4.svg" width="85" height="85" loading="lazy" alt="4" style="height: auto; max-width: 100%; width: 85px;">Integration with Trading Platforms</h3> <div style="text-align: center;">Corporate actions data and events needs to be integrated with trading platforms, so that fund managers can seamlessly implement decisions about rebalancing indices and benchmarks, buying and selling securities, reinvesting income from them, changing names and tickers, and so on.</div> <p> </p></span></div> </div> </div> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-16 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget module_1705414288261-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705414288261" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <a class="hs-button " href="https://www.ultumus.com/understanding-index-data-management/benchmark-data?hsLang=en" id="hs-button_module_1705414288261" rel=""> Learn More </a> </div> </div> </div> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-17 dnd_area-row-6-padding dnd-section dnd_area-row-6-background-layers dnd_area-row-6-background-color"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-18 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1705397568153" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1705397568153_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center;">Corporate Actions Prediction and Performance</h2></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-19 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1705400053508" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-20 dnd-row"> <div class="row-fluid "> <div class="span6 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="6"> <div id="hs_cos_wrapper_module_1705399933744" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1705399933744_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;">Impact on Market Performance</h3> <div style="text-align: center;"> <p>Over time, dividends can make up a high proportion of equity market returns. Takeover offers can also account for a high share of equity market performance in any year.</p> </div> <p> </p></span></div> </div> <div class="span6 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="6" data-w="6"> <div id="hs_cos_wrapper_module_1705397789759" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1705397789759_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;">Predictive Analysis</h3> <div style="text-align: center;"> <p>Some predictive analysis is relatively straightforward. Once dividends are announced, it is very rare for companies to cut or cancel them, absent extreme events such as the Covid crisis, a natural catastrophe or fraud.</p> </div> <p> </p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-21 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1704818798942" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1704818798942_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;">Risk Management</h3> <div style="text-align: center;"> <p>Risk management should consider the costs and risks of missing deadlines, incorrectly interpreting a corporate action or applying the wrong rates of withholding taxes.</p> </div> <p> </p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-22 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget module_1705414340609-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705414340609" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <a class="hs-button " href="https://www.ultumus.com/understanding-index-data-management/benchmark-data?hsLang=en" id="hs-button_module_1705414340609" rel=""> Learn More </a> </div> </div> </div> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-23 dnd-section"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-24 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1705400211113" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1705400211113_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center;">Corporate Action Solutions</h2> <p style="text-align: center; font-size: 18px;"><span style="color: #000000;">A tailored data solution can accommodate different investor preferences for handling corporate actions. Automation should improve efficiency and reduce errors.</span></p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-25 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1705400273565" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <style> .iconbox-main.ibox-sone .iconbox:hover { box-shadow: 0 5px 12px 8px rgba(0,0,0,0.1); } </style> <div class="iconbox-main ibox-sone "> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1705400273565_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" aria-hidden="true"><g id="asterisk1_layer"><path d="M478.21 334.093L336 256l142.21-78.093c11.795-6.477 15.961-21.384 9.232-33.037l-19.48-33.741c-6.728-11.653-21.72-15.499-33.227-8.523L296 186.718l3.475-162.204C299.763 11.061 288.937 0 275.48 0h-38.96c-13.456 0-24.283 11.061-23.994 24.514L216 186.718 77.265 102.607c-11.506-6.976-26.499-3.13-33.227 8.523l-19.48 33.741c-6.728 11.653-2.562 26.56 9.233 33.037L176 256 33.79 334.093c-11.795 6.477-15.961 21.384-9.232 33.037l19.48 33.741c6.728 11.653 21.721 15.499 33.227 8.523L216 325.282l-3.475 162.204C212.237 500.939 223.064 512 236.52 512h38.961c13.456 0 24.283-11.061 23.995-24.514L296 325.282l138.735 84.111c11.506 6.976 26.499 3.13 33.227-8.523l19.48-33.741c6.728-11.653 2.563-26.559-9.232-33.036z" /></g></svg></span> </div> <h5>Tailored Data Solutions </h5> <div class="iconbox-description"> <div id="hs_cos_wrapper_widget_1705400273565_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_inline_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="inline_rich_text" data-hs-cos-field="ibox_description"><p style="font-size: 12px;"><span style="color: #000000;">Bespoke APIs are ideally suited to tailoring data solutions</span></p></div> </div> </div> </a> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1705400273565_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 640 512" aria-hidden="true"><g id="laptop2_layer"><path d="M512 64v256H128V64h384m16-64H112C85.5 0 64 21.5 64 48v288c0 26.5 21.5 48 48 48h416c26.5 0 48-21.5 48-48V48c0-26.5-21.5-48-48-48zm100 416H389.5c-3 0-5.5 2.1-5.9 5.1C381.2 436.3 368 448 352 448h-64c-16 0-29.2-11.7-31.6-26.9-.5-2.9-3-5.1-5.9-5.1H12c-6.6 0-12 5.4-12 12v36c0 26.5 21.5 48 48 48h544c26.5 0 48-21.5 48-48v-36c0-6.6-5.4-12-12-12z" /></g></svg></span> </div> <h5>Automation and Technology </h5> <div class="iconbox-description"> <div id="hs_cos_wrapper_widget_1705400273565_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_inline_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="inline_rich_text" data-hs-cos-field="ibox_description"><span style="font-size: 12px; color: #000000;">gathering, cleaning, harmonising, interpreting and delivering data</span></div> </div> </div> </a> <style> .iconbox-main.ibox-sone .iconbox.text_center { border-bottom: 4px solid transparent; } .iconbox-main.ibox-sone .iconbox.text_center:hover { border-color: #52A833; } </style> <style> .iconbox.text_center {text-align: center;} </style> <style> .iconbox-main.ibox-sone .iconbox.text_center:hover { background-color:rgba(255, 255, 255,1.0); } </style> <a class="iconbox 4 text_center "> <div class="inner-iconbox"> <div class="icon"> <span id="hs_cos_wrapper_widget_1705400273565_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_icon" style="" data-hs-cos-general-type="widget" data-hs-cos-type="icon"><svg version="1.0" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" aria-hidden="true"><g id="user3_layer"><path d="M256 0c88.366 0 160 71.634 160 160s-71.634 160-160 160S96 248.366 96 160 167.634 0 256 0zm183.283 333.821l-71.313-17.828c-74.923 53.89-165.738 41.864-223.94 0l-71.313 17.828C29.981 344.505 0 382.903 0 426.955V464c0 26.51 21.49 48 48 48h416c26.51 0 48-21.49 48-48v-37.045c0-44.052-29.981-82.45-72.717-93.134z" /></g></svg></span> </div> <h5>Client Services and Support</h5> <div class="iconbox-description"> <div id="hs_cos_wrapper_widget_1705400273565_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_inline_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="inline_rich_text" data-hs-cos-field="ibox_description"><p style="font-size: 12px;"><span style="color: #000000;">A global presence needed </span></p></div> </div> </div> </a> </div>  </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-26 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1706114062713" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-27 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1706114075181" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-28 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget module_1705414612036-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705414612036" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <a class="hs-button " href="https://www.ultumus.com/understanding-index-data-management/benchmark-data?hsLang=en" id="hs-button_module_1705414612036" rel=""> Learn More </a> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-29 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1706114090403" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-30 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705401076691" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1705401076691_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center;">Data Procurement</h2></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-31 dnd-row"> <div class="row-fluid "> <div class="span6 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="6"> <div id="hs_cos_wrapper_widget_1705401005037" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1705401005037_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3>International Data Sources </h3> <p>Corporate actions take place in over 100 countries and some individual countries, such as the US, have multiple exchanges and other trading venues. In the US, the NYSE and Nasdaq have different rules on corporate actions for securities listed on their exchanges, but OTC securities are governed by the FINRA regulator. </p></span></div> </div> <div class="span6 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="6" data-w="6"> <div id="hs_cos_wrapper_module_1705401189819" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1705401189819_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3>Comprehensive Coverage</h3> <p>Various providers claim to have comprehensive coverage based on 80,000 or 100,000 companies, in over 100 countries. The number of instruments is also important since some companies have multiple different bond and other fixed income issues, often trading in different countries.</p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-32 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705401141385" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_module_1705401141385_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h3 style="text-align: center;">Collection Techniques</h3> <p style="text-align: center;">Manual sourcing of data increases potential for errors. Automation is a more efficient way to collect the data. The raw data can be efficiently collected and manipulated using bulk API.</p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-33 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget widget_1706529630075-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1706529630075" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-linked_image" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <span id="hs_cos_wrapper_widget_1706529630075_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_linked_image" style="" data-hs-cos-general-type="widget" data-hs-cos-type="linked_image"><img src="https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=500&height=229&name=Screenshot%202024-01-29%20at%2012.00.48.png" class="hs-image-widget " width="500" height="229" style="max-width: 100%; height: auto;" alt="Corporate Actions" title="Corporate Actions" loading="lazy" srcset="https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=250&height=115&name=Screenshot%202024-01-29%20at%2012.00.48.png 250w, https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=500&height=229&name=Screenshot%202024-01-29%20at%2012.00.48.png 500w, https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=750&height=344&name=Screenshot%202024-01-29%20at%2012.00.48.png 750w, https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=1000&height=458&name=Screenshot%202024-01-29%20at%2012.00.48.png 1000w, https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=1250&height=573&name=Screenshot%202024-01-29%20at%2012.00.48.png 1250w, https://www.ultumus.com/hs-fs/hubfs/Screenshot%202024-01-29%20at%2012.00.48.png?width=1500&height=687&name=Screenshot%202024-01-29%20at%2012.00.48.png 1500w" sizes="(max-width: 500px) 100vw, 500px"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-34 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1706114112941" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-35 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget module_1705414628658-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1705414628658" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"> <a class="hs-button " href="https://www.ultumus.com/understanding-index-data-management/benchmark-data?hsLang=en" id="hs-button_module_1705414628658" rel=""> Learn More </a> </div> </div> </div> </div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-36 dnd-section dnd_area-row-8-background-layers dnd_area-row-8-padding dnd_area-row-8-background-color"> <div class="row-fluid "> <div class="span12 widget-span widget-type-cell dnd-column" style="" data-widget-type="cell" data-x="0" data-w="12"> <div class="row-fluid-wrapper row-depth-1 row-number-37 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1705413846429" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span id="hs_cos_wrapper_widget_1705413846429_" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style="" data-hs-cos-general-type="widget" data-hs-cos-type="rich_text"><h2 style="text-align: center;">Data Processing Standards</h2> <p style="text-align: center;">Various central banks, financial regulators and industry bodies can set standards and define rulebooks for corporate actions. A disparate range of standards can create extra work to harmonise data, and coordinate it with end users’ systems. Automation is improving solutions in these areas.</p></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-38 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_widget_1706114120621" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module widget-type-space" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><span class="hs-horizontal-spacer"></span></div> </div> </div> </div> <div class="row-fluid-wrapper row-depth-1 row-number-39 dnd-row"> <div class="row-fluid "> <div class="span12 widget-span widget-type-custom_widget module_1702293334391-flexbox-positioning dnd-module" style="" data-widget-type="custom_widget" data-x="0" data-w="12"> <div id="hs_cos_wrapper_module_1702293334391" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" 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