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What about corporate action like Dividend payout, stock split or others?

The borrower would pay the dividend received on the record date + 1 (1 day after stock goes ex dividend) to the Exchange and the Exchange would pass it on to the lender of the securities.

In case of stock split, the borrower’s obligation is adjusted proportionately and lender receives the revised quantity.

Preferably, the transaction should be reversed in case of any corporate action.

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