Corporate action notification - Financial definition
Financial acronyms
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Concise definition of the term corporate action notification
A corporate action notification is a document that contains the details of a corporate action. It is sent by an account servicer to the owner of an account that holds securities impacted by the corporate action.
Comprehensive definition of the term corporate action notification
The corporate action notification is used to provide the account owner with the details of a corporate action event along with the possible options available to him in relation to that corporate action (where appropriate).
It is possible to receive several notifications for the same corporate action: the terms of the offer may change, amendments can be done, entitles holdings can change and the status of the information can change.