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18 October 2006

FBE: Harmonisation of Corporate Actions Processing in Europe - Securities Distribution

The FBE published a joint paper on the Harmonisation of Corporate Actions Processing in Europe. FBE finds that the securities distribution should not be considered as an event as such but as a generic process. All events that include a Securities distribution process must have at least an ex date, a record date and a payment date for the securities distribution processing and these three dates must be part of the corporate action announcement, the paper recommends. These dates are needed for the Securities distribution process and must be understood in that context. The payment date is for the Securities distribution part of the event.

Voice of the European banking sector',WIDTH, 300, SHADOW, true, FADEIN, 300, FADEOUT, 300, STICKY, 1,DURATION,3500)" onmouseout="UnTip()");">FBE securites distribution.pdf' target='_blank'> Document


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