BPC Architecture

Corporate Actions Engine

The integrated Corporate Actions Engine provides a centralized repository for corporate action information imported from one or more sources and uses this information to automate corporate action processing within the Portfolio Accounting Engine. Adjusting transactions are generated within each affected account to modify holdings and generate taxable gains and/or income as appropriate while maintaining cost-basis continuity. Amendments and additions to corporate action information are transparently reprocessed. The Corporate Actions Engine supports all event types (see list below) and includes processing for all taxability methods, rounding types, odd-lot handling, fractional share handling, and voluntary participation. The following corporate action event types and processing parameters are supported:

• Event Types (Cash Dividend, Stock Dividend, Forward/Reverse Split, Tender, Purchase Offer, Interest Payment, Principal Payment, Full/Partial Call, Conversion, Cash Distribution, Return of Capital, Merger, Cash Merger, Spin Off, Exchange, Options Exchange, CUSIP Change, Informational)
• Processing Parameters (Participation (Mandatory, Mandatory with Options, Voluntary), Taxability (Non, Full, GNL, GCL), Odd Lot Handling, Fractional Shares (Round, Ignore, Hold, Cash In Lieu), Miscellaneous Fees, Internal/Back-Office Triggered)