Platform Capabilities
Corporate Actions, Automated
Corporate actions are where back offices lose hours and make costly errors. ZagTrader ingests events straight from the depository, calculates every beneficiary's entitlement, and posts positions and cash automatically — under a maker-checker workflow with a full audit trail.
Who it's for
- Corporate-actions & operations teams
- Custodians & back offices
- Brokers & banks
- Compliance & audit
What it solves
- Manual entitlement spreadsheets and errors
- Re-keying depository announcements by hand
- Inconsistent dividend, split, and rights posting
- No clean audit trail or maker-checker control
Key Capabilities
From announcement to posted entitlement
Full Event Coverage
Cash and share dividends, bonus issues, forward and reverse splits, rights and tradable rights, spin-offs, mergers, conversions, and bond/sukuk coupons and redemptions.
Beneficiary Engine
Entitlements computed per holder, sub-account, and custodian — settlement-date-aware, group-scoped, with configurable rounding and par-value handling.
ISO 15022 Depository Feed
Ingest announcements and confirmations (MT564 / MT566) from the central depository, plus drop-copy events from custodian and white-label broker feeds.
Maker-Checker Workflow
Every event enters as a draft, is reviewed against the expected beneficiary list, and is posted by a different authorised user — with a full audit trail.
Position & GL Posting
Share events adjust quantity and average cost atomically; cash events post dividend, accrual, and withholding-tax entries straight to the general ledger.
Splits & Price History
Forward and reverse splits re-base positions and adjust historical price series automatically, with clean reversal if an event is corrected.
How It Works
Event Taxonomy
- Cash dividends, share dividends, and bonus issues
- Forward and reverse stock splits with price-history adjustment
- Rights issues and tradable rights with subscription windows
- Spin-offs, mergers, and conversions
- Bond and sukuk coupons, partial and full redemptions
Take the Risk Out of Corporate Actions
See the depository feed, beneficiary engine, and maker-checker workflow in a live demo.
Book a Demo