Corporate action processing: Complexity and risk

James Femia and Gunnar Niels ()
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James Femia: DTCC, Postal: New York City, http://www.dtcc.com/
Gunnar Niels: Oxera Consulting Ltd, Postal: Park Central, 40/41 Park End Street, Oxford, OX1 1JD, http://www.oxera.com/

Journal of Financial Transformation, 2004, vol. 11, 44-47

Abstract: In this article we describe how the risks in corporate action processing arise and provide some indications of the magnitude of these risks. We explain that corporate actions not only involve processing risks in the back office, but also significant trading risks in the front office. We conclude the article with a discussion of possible improvements to the system.

Keywords: Corporate actions processing; processing risk; back office (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1359

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