Fintech

Here we will discussed who are the corporate action participants or terms of parties involve to complete Corporate Action event. Issuer :  Corporate action always start with issuer First. Issuer here means company who wanted to announce the corporate event. Company's Board of Director decide to take decision on strategy benefit to company and shareholder Agent :  Second participant for corporate action is agent. Company/issuer are not expert in corporate action so they hire merchant banker to process corporate action on behalf of issuer.  Agents are getting details from the issuers for the key dates used to announce the corporate action events, formulates the terms of the event as per guideline from company and announce the event in the market. Sub-custodian/depository/Registrar :  Third participant for corporate action is sub-custodian/registrar/depository. In some market, where global custodian has no existence, in this case they hire sub custodian. Sub custodian also called as