Solution introduction
Readable Corporate Action Notice (RCAN) product offers ‘readable’ documents that combine all the data elements that would be contained within a typical corporate actions data feed but instead present these elements in a human-readable form, similar to a news feed
Unlike in typical corporate actions feed records, where the parts are separated out and need to be re-linked within a client-side database, the RCAN is a complete message, where all the disparate parts are pulled together
RCAN covers 45 crucial corporate events (inc. dividends, mergers and acquisitions, rights offering (issue), spin-offs, stock splits, reverse stock splits, new listings (IPOs), suspensions and delistings etc.) and aggregates corporate actions from over 150 exchanges worldwide. Notices are produced 4 times per day in line with EDI’s incremental feed production times.
RCAN goes even further by supplying various change management features, links to related notices and even additional data points that are not found in the database from which it is derived. The notices are displayed in logical sections starting with ‘REFERENCE DATA’ in a simple style. The ‘EVENT DATA’ section always follows this and where applicable, ‘related events’ and ‘payment options’ sections follow. If the event has been noted the Notice will conclude with a ‘document notes’ section which is usually the original source document text on which the EDI event data is based.
