In this article, we will teach you about the Corporate Actions Console functionality.

All compulsory corporate actions and optional Hybrid Security Reinvestment can be processed in bulk across entities in your business by using the Corporate Actions Console. This console is also available at Fund Level > Investments > Corporate Actions 

Only one optional corporate action, Hybrid Security Reinvestment is available to process in bulk at the Business Level

Browse Corporate Actions (Fund Level)

The following corporate actions are only available to process at the Fund Level. These types are:

• Share Purchase Plan
• Buyback

The Review Corporate Actions list will display chronologically based on the earliest corporate actions available for an active holding in any open financial years. It is highly recommended that you process the corporate actions in the chronological order for the same investment as the earlier corporate action may impact on the quantity and cost base of the holdings for the subsequent corporate actions. 

Navigate Fund Level > Investments > Browse Corporate Actions

1. Entitlement Date (Date to determine the eligible units for the corporate action)
2. Security (Security that the corporate action relates to)
3. Type (The type of corporate action)
4. Description (A brief description of the corporate action)
5. Holding (The holding movements)
6. Holding Reference ( Displays any data feed the holding is linked to)
7. Balance (Unit balance as at the Entitlement Date)
8. Status (Whether the corporate action has been processed, auto processed (by Class), bulk processed, ignored, or action required i.e. not yet processed)
9. Action (Click to either action, ignore or view the actioned corporate action)
10. Date Range (A date range can be entered so you can filter on a specific time frame)

Corporate Actions (Business Level)

The Business Level allows bulk processing functionality:

1. Bulk Processing
2. Bulk Reversing or Undo

A corporate action is an event initiated by a public listed company that affects the securities issued by the company.  Class sources the majority of corporate actions from ASX ReferencePoint which allows us to help automate this process for you. 

This console displays a list of identified corporate actions and provides a quick, simple method of processing them

Corporate Actions with one outcome are "compulsory corporate actions", corporate actions with multiple possible outcomes e.g. Rights or Buy Backs are considered as "optional corporate actions".

Bulk Processing (Business Level)

 Navigate to Business Level > Corporate Actions 

1. Once you have entered the Corporate Actions Console
2. Select the Corporate Action to open the Announcement Details page.

1. In the Announcement Details page (shown below), action the Corporate Action in bulk by clicking the select all box as shown (You can also select entity by entity underneath)
2. Once the chosen entities are all ticked click "+ Process"

You can also process these at fund level by navigating to Fund Level > Investments > Corporate Actions 

Bulk Reversing or Undo (Business Level)

Business Level > Corporate Actions

Once you have bulk processed corporate actions, you can also select multiple entities or all entities and quickly reverse them if required:

1. In the Corporate Actions Console
2. Select the Corporate Action to open the Announcement Details page.

1. Select All Entities by ticking the Select All box as shown or select individual entities
2. Once Entities are selected click Undo 
   
   

From the Console you can process the following Corporate Actions in bulk - Bonus Issue, Capital Return,  Consolidation Code, Change Rights, Exercise/Lapse, Rights Issue, Spin-Off/Demerger, Split/Consolidation, Takeover or Merger and Hybrid Security Reinvestment

You can also process these at fund level by navigating to Fund Level > Investments > Corporate Actions 

What's Next? 

Learn about Class' Automated Corporate Actions

See FAQs - Corporate Actions knowledge-based article to address scenario-based questions our Support Team have previously answered.