Quick Start — Voluntary Bonus Share Dividend (BE)
Quick Start — Voluntary Scrip Dividends (BE)
Applicable Scenarios
- Tenants directly connected to the HKEX (with 05 files)
- Voluntary BE (execution method selectable), including share/cash election and multi-currency options
Prerequisites
Operating Instructions
1. Automatic Creation of Announcements and Schemes
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Each morning, the settlement staff imports the previous afternoon's 05 file and 02 file.
After the files are imported and parsed successfully, the system will execute the automatic creation process, which can be completed in about 10 minutes.
The system will generate Corporate Actions with holdings on the record date based on the imported 05 file.
2. Registration
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Corporate Actions can be operated once the start date is selected.
Click [Register]. Path: Corporate Actions - Corporate Actions - Details
Note: When multiple options are selected in the share/cash election, charges will be consolidated and applied according to the option with the greater number of exercises. When configuring fees, ensure BE-CASH DIVIDEND and BE-SCRIP DIVIDEND are kept consistent.
3. Notifying Clients
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Between the selected start time and end time, click [Collect Exercise Instructions].
Path: Corporate Actions - Corporate Actions - Details - Collect Exercise Instructions
4. Client Exercises and Backend Exercises
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After a client exercises via the App, the operation record can be tracked in the Details Summary.
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Settlement staff may perform exercises in the backend.
Path: Corporate Actions - Corporate Actions - Details - Client Details - Details - Exercise
5. Tail Difference Handling
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If the broker's paid funds need to be aligned with CCASS values, tail difference handling can be performed.Click Tail Difference Adjustment
6. Execution
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After successful registration (or upon completion of tail difference handling), click Submit Execution to begin executing the Corporate Action.
Execution consists of two steps: submission and execution review. A two-person workflow is recommended.
Click Submit Execution (Maker)
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Click Execute Review (Checker)