Solution introduction
The Adjustment Factors Data Feed's primary use is to back-adjust EOD (end of day) per-share price data so that the price series can be graphed with the effect of several events (bonus, rights, consolidation, etc.) factored into the earlier prices
The feed has all the necessary fields so clients can identify the country, security, event & factor. Further, the feed has been designed for clients to database the records or apply directly to price series data
The file covers all corporate actions spanning multiple currencies for the same event. The main benefit of this feed over competitor feeds is that it can be fully automated, allowing the handling of messy cancellations and corporate action changes to happen seamlessly in the background.
EDI has recently launched a new version (2) of the Worldwide Adjustment Factor feed service. The major three additions are as follows:
- Inclusion of FIGI codes. FIGI codes have been added, which will allow clients to crosscheck data sets.
- The fields that were sub-fields in the Detail field of the previous version now have their fields. For example, DivType was in the Detail field (event description) as DIVPERIOD= This will allow for easier data integration.
- The Reason codes are different, expanded to 3 characters enabling higher-level groupings of reasons. For example, all dividend reasons begin with 01, with the 3rd character depending on whether it is cash, script or both. This allows greater granularity when deciding to apply or not.
