Overview
Licensed through our Shareholding Disclosure (SD) and Sensitive Industries (SI) services, and using an industry-leading corporate actions dataset, FundApps’ Corporate Actions (CA) service helps reduce the risk of missing important events that can change issuer data used in critical disclosure calculations.
How Does Our Corporate Actions Service Work?
FundApps has partnered with Exchange Data International (EDI) who provide us with a CA feed that we have integrated into our Shareholding Disclosure and Sensitive Industries services. The CA data feed complements your results directly, displaying historical and upcoming corporate actions. Much like the Global Company Database, CA recognises the ISIN or IssuerName provided in your positions file and matches this with our Corporate Actions data feed in your file. CA currently covers equities on 150+ exchanges worldwide, as well as data on 29,000+ US Mutual Funds. The EDI data is updated up to 4 times per day, and the CA feed is updated into FundApps at that frequency.
A corporate action can influence key data relating to a particular issuer. FundApps provides the details of past and upcoming corporate actions that may have influenced your data and, thus, disclosure obligations. Please note: for now, changes due to corporate actions are not reflected automatically in your results, and these need to be adjusted by the user.
Not all corporate actions are covered; only the following events are covered:
Consolidation / Reverse Stock Split
Sub Division / Stock Split-Dividend
Dividend Reinvestment Plan
Dividends (Stock)
Rights
New Listing
Bonus Issue
Bonus Rights
More information about these events can be found here.
Who Can Benefit from Our Corporate Actions Service?
Everyone! We are aware that you may have a whole team dedicated to monitoring corporate actions daily. The FundApps' CA service will save you time and effort as you will not need to engage individually with separate vendors and consolidate your SD, SI, and CA workflows.
Important Items to Be Aware Of:
We don’t update your data - please consider this tool as an alert system.
If you have a query on the data, please reach out directly to the FundApps Support team.
Please review the attached one-pager at the very bottom of this article for further details and screenshots.
FAQs
Q. What exchanges/equities does FundApps’ Corporate Actions cover?
A. FundApps’ CA service covers global equities on 150+ exchanges worldwide, as well as data on 29,000+ US Mutual Funds. Please refer to the EDI website for a list of exchanges.
Q. What events are covered?
A. Events that are covered* are:
Consolidation/Reverse Stock Split
Sub Division/Stock Split-Dividend
Dividend Reinvestment Plan
Dividends (Stock)
Rights
New Listing
Bonus Issue
Bonus Rights
*Our supported events can be found on our Corporate Actions Coverage docs page. If you are interested in extending coverage for additional events, please reach out to your Account Manager or CSM.
Q. What is the value of FundApps CA?
A. As Corporate Action events have the potential to significantly affect denominators and, therefore, potential disclosure obligations, all clients using SD or SI will benefit from the CA service.
Larger firms with a specialist team? Here are the upsides of CA for you:
The feed is directly integrated into the FundApps UI.
No need to engage another vendor, saving you time and effort in onboarding.
FundApps CA can act as an insurance policy for ensuring you don’t miss events.
Medium or smaller firms with a one-stop compliance shop? Here are the upsides of CA for you:
The feed is integrated into the FundApps UI directly.
A live up-to-date feed enables you to spot events early and pre-empt denominator discrepancies. By subscribing to the feed, you have additional chances to spot problems before potentially missing a disclosure!