Bylined Articles

Jan 01, 2004 • Bylined Articles

Breaking the Corporate Actions Stalemate

James Femia, DTCC Managing Director


Corporate actions are the finance world’s version of a chess match. Both activities involve an almost infinite number of intricate moves, forcing players to think strategically about the outcome. And just when you think you’ve mastered your position, a new wrinkle enters into play and the threat of loss is real.

To win at chess or at corporate actions processing, attention to detail with a view toward the big picture is essential. So are planning and foresight. The dilemma for corporate actions managers is that as volume and complexity intensify, the number of positions that need to be analysed increases exponentially – as does the potential for error. No matter how many people or how much money firms throw at the problem, it doesn’t get much easier, or safer.

Download the Congressional Testimony: Breaking the Corporate Actions Stalemates