What are corporate actions accruals? – SaxoConnect

Where are corporate action accruals reflected?

For which corporate action event types are accrual amounts reflected?

Will an accrual be reflected where I have elected for stock on a distribution?

What are corporate action accruals?

Corporate action accruals reflect cash distribution amounts where a corporate action event has reached its ex-date but has not yet reached pay date. On pay date the amount will be realized and then reflected under Cash and will no longer be shown as a corporate action unrealized amount.

This amount is subject to amendment and or cancellation where necessary should the terms of the corporate action event be amended and or cancelled.

Where are corporate action accruals reflected

All corporate action event details, dates and rates can be found in the corporate action module of the platform (Main menu > Corporate actions). Corporate action unrealized amounts are reflected under Account details - Cash and positions:

For which corporate action event types are accrual amounts reflected

Corporate action unrealized amounts are reflected for the following event types:

Cash Dividends
Dividend Re-investment
Dividend Options
Decrease in value
Capitals Gains Distributions
Share Premium Dividends
Interest Payment
Distribution on Non Eligible Proceeds
Capital Distribution

Will an accrual be reflected where I have elected for stock on a distribution.

If an election was received for a stock outturn, the cash equivalent will be reflected until the pay date when the stock will be credited and the accrual amount will no longer be shown.

This amount is reflected as net of taxation.