The Corporate Actions Web allows you to enter standing instructions on securities that are eligible for DRIP, DRIP Opt-Out, and Foreign Currency services at DTC. These “set it and forget it” instructions determine how future events on a CUSIP will be handled within CA Web.
Standing instructions can be created at the global level or at the CUSIP level.
Global standing instructions are only applicable to DRIP Opt-Out and Foreign Currency services. Once applied to the DRIP Opt-Out service or a non-USD currency eligible for the Foreign Currency Payment service, the standing instruction will apply to all events and positions within the events for these services.
CUSIP-level standing instructions are security-driven and apply only to corporate actions performed on that security eligible for the service.
You can perform the following actions using CA Web:
Add CUSIP-level standing instructions for Foreign Currency,
Add CUSIP-level standing instructions for Dividend Reinvestments (Opt-Outs),
Add global-level standing instructions for Opt-Outs,
Add global-level standing instructions for Foreign Currency,
View, edit, and delete existing standing instructions, and
View audit trail information for any standing instructions.
Standing instructions are automatically applied on Record Date +1 to either:
A specific amount applied during the original standing instruction input, or
All of the position that is held on Record Date, if a global standing instruction was requested.
Because of this, any events affected by standing instructions will be displayed on your Instructions Overview page as “Instructed” rather than “Uninstructed” after the application of standing instructions on Record Date + 1.