Corporate Actions and Processing
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Course Highlight

Corporate actions are in its simplest terms actions taken by the corporate. Processing corporate actions relies in-part on having a good understanding of them, the trade lifecycle and position management. 

The management of Corporate Actions is a key operational function and many staff joining Corporate Actions departments have little understanding of the activities of their new department. This course begins with an understanding of what corporate actions are and why they happen and takes attendees through the main types, in a logical way, explaining industry jargon along the way. 

We discover the:  

  • Relationship between corporate finance and corporate actions
  • The market participants involved in corporate actions
  • Discover 50 different types of corporate actions. 
  • A structured approach in getting to grips with corporate actions. 
  • The financial instruments affected by corporate actions.
  • Understand the reasons for corporate actions (both equity and debt)
  • You will learn about the corporate actions resulting from capital restructuring, rewarding shareholders, Debt management, the competitive environment, governance, regulation and tax, Liquidation & default and trading, exercising and processing.
  • The processing life cycle
  • The event creation process
  • The processing flow
  • Reporting to participants
  • Messaging types, MT564, MT565, MR566, MT567, MT568.
  • Target 2 Securities


Recommended background

It is suitable for people working in the securities trade life-cycle or professionals who have to deal with these departments, or wish to expand their securities operations knowledge.

What you will learn

You will learn the diversity of corporate actions, and how these corporate actions are processed from announcements through to settlement for mandatory and voluntary events. How the industry operates globally, the risk involved of non-processing, the diversity of market participants and market practices employed. The changes in the industry and Target 2 Securities.

Course format

Practice-based learning and critical engagement is a key theme through all of our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.

The course material will be available on the day and online, including a discussion forum allowing delegates to raise issues, during or after the training dates.


Day 1:

Corporate Actions Introduction: 

  • Definition of Corporate actions.
  • What are they?
  • Why do they occur?
  • Who is involved?
  • The complexity
  • The market differences


Corporate Finance and Corporate Actions:

  • Back to the Roots
  • Corporate Finance Principles
  • The Debt / Equity Structure
  • Finance decisions resulting in Corporate Actions.


Financial Instruments:

  • Equity, Debt, Derivatives & Rights.


The Market Participants:

  • Understanding the Market Participants
  • The Different roles of the market participants
  • Market Participants and the processing chain


CA Types and structure:

  • Exploring +/- 50 different types of CA
  • Structuring and classifying corporate actions:
  • From a Treasury perspective
  • From a Corporate Finance perspective


Corporate actions in detail:

  • CA - from debt management
  • CA - shareholders reward -
  • CA - From Competitive Environment
  • CA - From Capital Restructuring
  • CA - Governance, Regulation and Tax
  • CA - Liquidation and Default
  • CA - Trading and Processing
Day 2:

Internal Processing of Corporate actions:

  • Introduction to processing
  • Risks in corporate actions processing


The Processing Life Cycle:

  • Announcement and creation
  • Processing and Accounting
  • Reporting to Participants.


The Event Creation Process: 

  • Capturing the Announcement
  • Setting up the Event
  • Security balances


The Processing Flow: 

  • Calculate the entitlement
  • Event Timing
  • Payments and Accounting
  • Reconciliation


Reporting to participants: 

  • Notifications
  • Instruction status
  • Confirmation
  • Market Claims
  • Reverse Payments.


Tax Management and Proxy Voting: 

  • Proxy voting
  • Tax


Introduction to SWIFT: 

  • MT564
  • MT565
  • MT566
  • MT567
  • MT568


A Changing Landscape: 

  • Target 2 securities
  • The industry and industry standards

Price and Registration Dates

Early booking discount: A 10% discount is available if you register 2 month(s) before the course start date.
Belgium Subsidies: Flanders KMO-portefeuille: DV.O225876 and the Brussels Capital Region.

Course Lecturers

Kris De Clercq, MBA

Kris has lectured finance to managers for more than 17 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  

Our International Experience

Participant feedback

A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

A pleasant and knowledgeable instructor with a lot of interaction among participants.

An excellent course for people like myself.

Congratulations! Very well done. Nothing more to add.

I really appreciated the empathy and skills of the lecturer Bruno Bosch. Also, the size of the group (7 persons) was perfect to have the necessary interactivity throughout the course.

I strongly recommended this training to my colleagues as I found it very useful.

I think this was one of the best course I've ever attended. The trainer, Mrs Maureen, was extremely pedagogic and the structure of the course was very well planned with just the right mixture of theory versus practical examples and exercises.

It was a very enjoyable course. The group was small which made it easier to be 100% involved.  The exercises and case study were absolutely great and necessary to put the theory in practice. A very knowledgeable teacher.

It was nice to have a lecturer with profound knowledge on the topic so that the level of discussion could go further than the simple basics of valuation.

Lecturer had good understanding of the subject and good understanding of practical application.

Perfect for me. Exactly what I was looking for.

Thank you for the training, which was very clear and met my needs.

The course absolutely answered my expectations and needs.

The lecturer is a knowledgeable person with real market experience which is a plus.

The lecturer is excellent. She explained clear and control good interaction with students.

The training format and takeaways corresponds to what I expected. Thanks for the good preparation

Theoretical explanations good and with good interaction with audience.

There were lots of real life examples and relation to peoples own industries.

This was an excellent course and Kris made it very interesting and useful. He is highly knowledgeable, skilled and open to suggestions.

Thumbs up Maureen!

Very good and interesting training. One of the best I ever had.


Companies who attended our courses


AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Celio Finance SPRL
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Record Bank
Société Générale Private Banking
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
Vinçotte International
VPK Packaging Group NV
Yara Belgium NV
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
Zorgbedrijf Antwerpen
AW Europe
Belgian Nuclear Research Centre (SCK-CEN)
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
Itineris NV
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
Acturus sprl
ARC Europe
BIA Africa
Bia Overseas
Brooser BE Operations 
Cipal Schaubroeck
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Pricewaterhouse Coopers
PwC Tax Consultants
Vinçotte International sa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
Neovia Logistics
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Witzenmann Benelux nv

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