Direct Custody and Clearing Corporate Actions is an asset servicing function mainly providing services to institutional and retail clients in a domestic market. As a direct custodian, the team is responsible for the efficient and timely broadcast of corporate events to clients, processing of instructions, computing entitlements, and handling corporate event payments. Common corporate events processed include cash dividends, bonus shares, rights issues, proxy meetings, takeovers, mergers, interests, redemptions, and conversions, each with unique handling procedures that provide an interesting learning experience.
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