SERVICES
Corporate-action events captured, elected and reconciled with evidence.
Control dividends, interest, splits, rights, tenders and other lifecycle events across positions and providers.
Overview
Corporate-actions operations manage issuer/security lifecycle events affecting cash, positions or economics. Events can be mandatory or elective and require accurate position eligibility, deadlines, election decisions, provider instructions and reconciliation.
A specialist middle-office module for equity, fixed-income and multi-asset strategies.
Why it matters
Events can be missed or misbooked when notices arrive from multiple custodians/brokers and deadlines differ.
Common operating challenges
- Duplicate/inconsistent provider notices.
- Election deadlines missed.
- Eligible position differs across books/providers.
- Expected cash/shares not reconciled.
- Event decision/evidence not centrally recorded.
What we deliver
| Capability | What it covers |
|---|---|
| Notice aggregation | Capture provider/market notices. |
| Eligibility | Identify affected positions. |
| Election workflow | Route elective events to authorised decision-makers. |
| Instruction support | Coordinate approved response. |
| Outcome reconciliation | Match cash/position result. |
| Event archive | Retain chronology/evidence. |
Our role can be configured around a defined operating mandate: a recurring managed service, a technology-enabled client workflow, or a co-sourced model in which execution and review are split between Kelton, the client and appointed providers.
Inputs, workflow and outputs
Typical inputs
- Corporate action notices
- Validated positions
- Election terms/deadlines
- Authorised decision
- Custodian/PB confirmation
Controlled workflow
| Step | Activity | What happens |
|---|---|---|
| 1 | Capture | Create event record. |
| 2 | Validate | Check terms and positions. |
| 3 | Decide | Route elective event. |
| 4 | Instruct | Coordinate approved response. |
| 5 | Monitor | Track processing. |
| 6 | Reconcile | Confirm outcome and close. |
Typical outputs
- Corporate-action calendar
- Election queue
- Instruction evidence
- Cash/position reconciliation
- Exception report
Controls and review
The workflow is designed so that automation does not obscure responsibility. Routine processing can be standardised; exceptions, material judgements and formal approvals remain visible and attributable.
- Deadline alerts.
- No AI investment/election decision.
- Position eligibility reconciliation.
- Authorised election approval.
Responsibility boundary
We support operational processing; investment/election decisions and formal custodian processing remain with authorised parties.
Technology & expertise
Our operating model combines specialist knowledge with controlled technology. Domain experts define the rules, review logic and exception criteria; the technology layer makes the workflow repeatable, traceable and scalable.
Technology
- Event ingestion.
- Deadline workflow.
- Position matching.
- Instruction/evidence log.
Expertise
- Asset-servicing lifecycle events.
- Custodian/PB operations.
- Event reconciliation.
Expert knowledge is converted into controlled rules, SOPs, checklists, validation tests and exception criteria so that the operating standard is embedded in the workflow rather than dependent on one individual.
Delivery models
| Model | How it works |
|---|---|
| Managed Operations | We execute the agreed recurring workflow. Client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the workflow during a launch, provider change or target-operating-model transition. |
Frequently asked questions
Which events can be supported?
Common mandatory/elective events can be covered, subject to asset class and provider data.
Can AI decide whether to tender?
No. It can summarise terms and route deadlines; the decision remains authorised investment staff.
Why reconcile mandatory events?
Provider bookings can differ from expected cash/positions and affect NAV.
Discuss Corporate Actions
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.