Spanish SCRIP Dividends
A favourite amongst Spanish Banks, SCRIP dividends allow investors the option to receive additional shares instead of receiving a cash dividend.
by Ben Richards Oct 22, 2020
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A favourite amongst Spanish Banks, SCRIP dividends allow investors the option to receive additional shares instead of receiving a cash dividend.
Integrated with GLEIF, the “Global Companies Database” takes all the available information and super charges it with data relevant to compliance and beyond.
FundApps users have the unique advantage of being able to use the automated check to validate their denominator data. Save time from manual checks, increase your confidence in data accuracy, avoid misreporting and reputational damage.
The FundApps Shareholding Disclosure Service sources issuer specific thresholds and monitors customer positions against such thresholds, alerting when a disclosure is required. With over 50 customers using the platform each day, the power of the FundApps community informing us of new and changed limits has allowed us to grow our data set, which is then audited every 6 months.
For 7 years FundApps has been sourcing takeover panel data and we are now offering it for free, for any compliance team filling takeover panel disclosures.
In supporting all FIRDS files published by ESMA, FundApps makes sure our customers’ positions are always checked against the latest version of FIRDS, ensuring their results are as accurate as possible.
When calculating short selling exposure to determine reportable positions in Hong Kong, rates change daily, so keeping on top of the official values each time exposure is calculated is a challenge for any manual process.
The Automated Community Denominator Check (AC/DC) utilises our Community to highlight differences between the Denominator values (e.g total shares outstanding, total voting rights). Allowing clients to quickly identify, investigate, and rectify errors - promoting confidence in the data behind their disclosure results.
FundApps clients can now review the values that are pre-populated within the UI before actually generating the disclosure form. Our workflows are designed to help clients disclose on time, efficiently and without mistakes. Manual errors are eliminated as we automatically generate disclosure forms.
Further to our blog post back in March on Korean short selling, the FSC, Korea’s Financial Services Commission, is planning further updates to the short selling regimes to be implemented this year, including increasing possible fines.
The new rules, introduce the possibility of revenue based or profit-based calculation of the relevant fines, including a maximum fine of 5% of annual turnover.
After the 27th of March 2017, stocks with a sudden and abnormal increase of short selling over a trading day will be designated as “overheated short-selling stocks”, subject to restrictions on trading.
