The Deactivated checkbox appears checked when the corporate action has been deactivated using the Deactivate button.

The scheduled task CORPORATE_ACTION ignores deactivated corporate actions.

Only appears if the CA Swift Code is not set.

Select the CA status as needed - The following status codes are defined out-of-the-box in domain "CA.Status".

If not set, it is APPLICABLE by default.

Only appears if the CA Swift Code is set.

Displays the function of the SWIFT MT564 message as applicable.

Only appears if the CA Swift Code is set.

Displays the status of the SWIFT MT564 message as applicable.

Only appears if the CA Swift Code is set.

Displays the Date/Time at which the last update message was prepared.

The corporate action name is set by the system upon saving.

You can select an existing corporate action as needed.

Unique Id given by the system to the corporate action upon saving.

Version number given by the system upon saving if the corporate action is modified - "0" is the first version.

You can enter the priority of generation when multiple CAs have the same date, as needed - "0" is the highest priority.

Used for warrants and certificates.

Refer to Calypso Warrants documentation for details.

This field is currently only enabled for the "TRANSFORMATION.IMPAIRMENT" corporate action. It allows defining corporate actions based on the liquidation config for asset impairment in the context of JGAAP and USGAAP accounting requirements.

Refer to the Calypso Weighted Average Cost Setup User Guide - "Asset Impairment" for a full example.

You can select a static data filter to restrict the scope of the corporate action.

You can enter values for the user-defined product codes as needed.

You can create product codes using Configuration > Product > Code.

Certain corporate actions can be linked to a parent corporate action.

Certain corporate actions can be linked to a child corporate action.

Select the product to which the CA applies.

If applicable, it displays additional information on the product:

You can click to display the product definition window.

Select the CA Swift Code as needed - It populates the model and subtype with default values, and drives the selection of the other fields.

The mapping between Swift Codes and corporate action types can be defined using Trade Lifecycle > Corporate Action > CA Swift Event Code.

See Corporate Action Swift Codes for details.

Select how the CA event being processed is mandatory, mandatory with options, or voluntary.

When the event choice of a CA is different from MAND (Mandatory), you can add multiple outcomes (options) to the CA.

See Defining Multiple Outcomes for details.

Select if the event is a reorganization event or a distribution event.

Select the type of change from the company. Available for CA Swift Code CHAN.

Select whether the issued rights can be renounced or not. Available for CA Swift Codes RHTS, RHDI, EXRI, PRIO, and COOP.

Check to indicate that the event is deemed taxable by Tax authority.

Used to compute the new average price either using the current security average price (not checked) or the market price at ex date (checked).

Available for CA Swift Codes MRGR and EXOF.

Enter the name of the company offering stock. Available for CA Swift Codes MRGR, TEND, and EXOF.

Enter the odd lot quantity. Available for CA Swift code ODLT.

Select the stage in the CA event lifecycle. Available for CA Swift Code TEND.

Enter the percentage of the principal that is being redeemed. Available for CA Swift Code TEND.

Check if any restrictions have been declared at the CA Event level.

MT564 - TAG95::ISAG

MT564 - TAG95::PAYA

MT564 - TAG95::ISSU

MT564 - TAG95::TAGT

Enter the date the CA event is announced on the market as applicable.

Enter the notification date as applicable.

Enter the effective date of the corporate action.

Is Ex-Date Inclusive

The eligible position will be the position held at close of business "ex date - 1" if the ex date is non inclusive. If inclusive, it is the position held at close of business ex date (market practice is to be non inclusive).

It means that when the system loads the PL position at ex date, it will load any position that is open at ex date end of day (non inclusive).

By Trade Date

The ex date can be applicable to the trade date position or to the settlement date position otherwise.

"By Trade Date" should be checked for equities and portfolio swaps.

You also need to add the following values to the domain "generateCA.PortfolioSwap” with Comment = true to generate the corresponding CAs by trade date:

CASH.DIVIDEND.setIsByTradeDate

TRANSFORMATION.PRICE_CHANGE.setIsByTradeDate

Portfolio Swaps

You can add the following values to the domain “generateCA.PortfolioSwap” with Comment = true to generate the corresponding CAs with Ex Dividend Date inclusive:

CASH.DIVIDEND.setIsExDateInclusive

TRANSFORMATION.PRICE_CHANGE.setIsExDateInclusive

TRANSFORMATION.SPLIT.setIsExDateInclusive

SPINOFF.SPINOFF.setIsExDateInclusive

If the trades entered on payment end date are to be considered for reset, then on execution of Price Change CA - 'Ex-Date' Checkbox should be selected and domain 'exDateTradePreviousCF' should be set as 'True'. The default value of 'exDateTradePreviousCF' is 'False'. If the domain is kept as 'False' (or not Set) then on execution of Price Change CA - 'Ex-Date' Checkbox should not be selected.

Callable Bonds

The ex date for redemption CA will be set to the notification date if the issuer has the attribute Bond_Callable and the value is the issuer's name.

On a legal entity whose role is Issuer, you can add the Legal Entity Attribute "Bond_Callable" with the value as the issuer’s name. Then, on the bond definition, if the issuer is set as the same issuer, the ex date on the CA will be equal to the notification date. If the attribute is not set on the legal entity, the ex date will be equal to the redemption date.

CA Holidays

By default, CA holidays are ignored and a CA trade can be booked on a non-business day if the ex-date falls on a non-business day.

To take CA holidays into account, you need to set environment property IGNORE_CA_HOLIDAYS to false. In that case, if the ex-date falls on a non business date, the CA trade date is set to the previous business day.

Enter the date on which the holder of the security are recognized for entitlement. The record date is used by the system to determine whether a buyer or a seller is eligible for benefit, and hence requires a claim to be raised.

See Entitlement Eligibility for details.

Is Record Date Inclusive

Check to make the record date inclusive. It is non inclusive otherwise.

Enter the Date/Time issuer’s deadline to respond, with an election instruction, to a secondary, to an outstanding offer or privilege.

MT564 - TAG98C::ECPD

MT546 - TAG98A::ECRD

MT564 - TAG98C::GUPA

Enter the date at which the bondholders or shareholders meeting will take place.

Enter the dates on which an order starts and expires, or on which a privilege or offer starts and terminates.

Enter the dates during which elections can be processed.

The Election Start Date is set to the Announcement Date by default, and the Election End Date is set to the Ex Date by default.

Please refer to the Calypso Corporate Action Elections documentation for details on the election process.

Enter the period during which intermediate or outturn securities are tradable in a secondary market.

Enter the last date a holder can request to defer delivery of securities pursuant to a notice of guaranteed delivery or other required documentation.

Enter the date upon which the Court meeting will take place.

Enter the starting date of validity of the corporate action if applicable.

Enter the end date of validity of the corporate action if applicable.

This applies to multiple outcomes (options) CAs.

See Defining Multiple Outcomes for details.

Select the type of corporate action, it defines the processing rules attached to the corporate action.

All supported models are described above.

Select the corporate action subtype. It depends on the corporate action model.

All supported combinations of models and subtypes are described above.

Attribute "Div Reinvest Type".

Only applies to DRIP CA events.

Dividend reinvestment price.

You can also specify the following:

Enter the percentage of success.

When checked, the Processing Org's PL position is computed using the FIFO method by TOQ instead of whole position on the price of open trades only. This does not impact the Inventory position.

This also applies to Redemption CAs for manually liquidated positions. You can check "By Open Trade" when domain "bondPartialRedemption" contains Value = true.

Enter the amount applicable for one unit of the corporate action.

Total CA Amount Rounding

You can define the number of decimals for the total CA amount using the domain “CorporateActionAmount”.

Value = MaxRoundingDecimals

Comment = <number of decimals>

Enter the Gross Dividend Rate Cash dividend amount per equity before deductions or allowances have been made.

Amount declared by the issuer.

You can also specify the following:

Enter the portion of the gross rate that is tax free.

Enter the Net Dividend Rate Cash dividend amount per equity after deductions or allowances have been made.

Select the currency of the corporate action: by default, it is the currency of the selected product.

If the corporate action currency is different from the product currency, you can set the FX rate in the "Other Amount" field.

The rounding method applies when a ratio / scale back ratio is specified.

Select one of the following rounding methods:

You need to enter the unit price of the remaining shares/securities in "Cash In Lieu Rate (FR)". The cash amount is added to the CA trades as a fee. The fee type (for example CA_ADJ_AMOUNT) is taken from the domain “fractionalShareCashPartFeeType”. The value must be defined in the form “<product type>.<fee type>”. For example:

If the domain is not defined, the fee type CA_FEE is used by default.

If the sum of the rounded amounts of the P&L CA trades is different from the rounded amount of the Agent CA trades, an adjustment P&L CA trade is created.

The adjustment trade is not created if the Agent account has the account attribute ThirdPartyAccount = True.

The other rounding methods are not supported.

Note that for Merger and Transformation, the system creates just one closing trade and a new trade at the average price of the position.

In the Trade Report, the following columns allow viewing fractions handling: New Quantity, Old Quantity, and Fractional Shares.

CAAdjustBook

On every book, you can set the attribute "CAAdjustBook" with the name of the book where the differences will be stored. The book set in "CAAdjustBook" must also have the attribute "CAAdjustBook" set to itself.

You can auto settle all the Agent CA transfers with a CAAdjustBook using the workflow transfer rule "UpdateCAAdjustBookLinkedXfer" on the SETTLE and CANCEL actions.

When you apply the SETTLE action on a CA transfer between the Agent and the CAAdjustBook, all the transfers between the Agent and the same CAAdjustBook will be settled as well.

Cash and Redemption CAs

For CA trades with Agent:

When agent attribute CA_Cash_Rounding_Method is set, it is used to determine the rounding method for the CA events. Otherwise, the currency rounding method is used.

For CA trades with Counterparty:

- When PO is paying and PO agent attribute CA_Cash_Rounding_Method is set, it is used to determine the rounding method for PO transfers on the CA events.

- When Counterparty is paying and Counterparty agent attribute CA_Cash_Rounding_Method is set, it is used to determine the rounding method for Counterparty transfers on the CA events.

- Otherwise, the currency rounding method is used.

Certain types of corporate actions result in the creation of trades on a different product after the corporate action is applied.

Select the resulting product of the corporate action as applicable.

You can click to display the product definition window.

Enter the payment date of the corporate action.

MT564 - TAG98A::RDDT

MT564 - TAG98B:BLOK.

The available codes are defined in domain “CAAttribute.blockingPeriod”.

MT564 - TAG98C::MKDT

MT564 - TAG98C::CVPR

MT564 – TAG98C::EARD

Only available for equity related corporate actions.

Enter the available date for trading.

The trade keyword CASecurityAvailableDate is populated with that date on the equity CA trades.

The Available Date is populated with that date as well, when set, for the agent CA transfers.

The UPDATE action should be available in the transfer workflow to allow updating the Available Date as needed, without any other changes to the transfers, using the transition SETTLED – UPDATE – SETTLED.

Enter the ratio of the corporate action if applicable.

For example From Ratio = 1 / To Ratio = 2 means that 1 unit of "Underlying Product" becomes 2 after the corporate action process (in case of SPLIT for example).

If the "To Security" is set (in case of MERGER for example), 1 unit of "Underlying Product" becomes 2 units of "To Security".

Used with rounding method "Round Down (Cash In Lieu) (FR)".

Enter a fee amount as needed.

Enter the fee payment currency.

Enter the fee payment date.

Enter the Withholding Tax Rate Percentage of a cash distribution that will be withheld by a tax authority (for SWIFT CA codes DVCA, SHPR) or tax Related Rate Percentage of the gross dividend rate on which tax must be paid (for SWIFT CA code DVOP and DRIP).

Enter an ADR fee amount as needed (for SWIFT CA codes DVCA, SHPR). It can be populated from MT564 field :92F::CHAR.

This fee is deducted from the net entitlement calculation:

Net dividend amount = ((Gross Cash Rate * ((1-WHT)- ADR Fee)) when there is no tax free rate or

Net dividend amount = (Taxable Amount) x ((1-WHT%)-ADR fee) + (Entitled Position x Tax Free Amount) when there is a tax free rate

Enter the ADR fee currency.

Enter a free form comment.

Enter the "manual" adjustment factor used by CA rules to adjust the products (strike, contract size, etc.).

See Corporate Actions for Listed Products for examples.

Enter the theoretical dilution factor used by CA rules to adjust the products (strike, contract size, etc.).

See Corporate Actions for Listed Products for examples.

Check for special cash dividend to indicate that the dividend is re-invested.

This is currently for information purposes only.

Select the conditions in which a dividend is paid:

Enter the percentage of dividend that can be reclaimed. Only applicable on Australian equities.

Select the book when arbitrage trades are generated.

Please refer to Calypso Corporate Action Elections documentation for details on the arbitrage process.

MT564 - TAG94E::MEET

MT564 - TAG94E::MET2

MT564 - TAG94E::MET3

MT564 - TAG94E::NPLI

Agent, SENDER of the message.

Swift MT564 field CORP – Corporate Action reference; Reference assigned by the account servicer to unambiguously identify a corporate action event.

Swift MT564 field SEME – Sender’s message reference; Reference assigned by the Sender to unambiguously identify the message.

Swift Safekeeping account (97A::SAFE).

Swift MT564 Custodian (94F::SAFE//CUST-optional).

Swift MT564 Cash account (97A::CASH in the sub-sequence E2 CASHMOVE-optional).

Displays the Agent's deadline date time.

Displays the timezone related to the Agent's deadline.

Displays the option number in the Swift MT564. If the CA event has multiple options, the Option field is repeated for each option.

This is checked for the corporate action type of the reference CA by default to identify the default outcome.

This is not checked for the other outcomes.

Check as needed to identify the default outcome.

Displays the CA ID of the reference CA.

Displays the version number of the reference CA.

Displays the status of the outcome:

When a default outcome is changed to non default, the status becomes CANCELED in order to let the system cancel any existing CA trades.

Enter a user-defined reference as needed.

Select the SWIFT code for the outcome: