Corporate Actions

The efficient processing of Corporate Actions within db trader begins with the automated capture of the corporate announcements of cash and stock dividends, subscription rights offerings, splits, spin-offs, warrants and tenders. Sources of electronically transmitted data include IDSI for US and Canadian securities and EXTEL for foreign securities. Variable rate indices such as LIBOR, Prime, Federal Funds and others are monitored on a daily basis to facilitate the resetting of interest rates for floating rate securities. Ex-Dates Calendars for Stocks and Bonds speed up inquiries regarding pending and historical corporate events.

In the db trader fully multi-currency environment, customers may specify a payment currency other than the security currency.

Control accounts are used for monitoring and balancing all of the funds and securities that are to be received and delivered. In addition, fees are automatically calculated, taxes withheld, and bookkeeping entries to the General Ledger generated.

Customers are notified of Corporate Actions on a timely basis. Customer letters can be produced in six languages with inserts for return instructions. Methods of customer notification include SWIFT, mail, fax, telex, or any combination thereof.

DB TRADER           D I V I D E N D   P R O C E S S I N G          DIVH03 
                                                                 02/08/95
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 SEC NO 0999         SEC ABBREVIATION  ABC INTL       SECURITY CCY USD
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   ACCOUNT NO  D/C      QUANTITY           GROSS AMOUNT
-------------------------------------------------------------------------
          777  C             100.0000       50,000.00 
          778  C             200.0000      100,000.00
          779  C             300.0000      150,000.00

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  ENTER-Input  1-ADD     2/5-Paging     12-Process All       15-Hardcopy          
                13-Transaction Detail    14-Process Position   16-Exit

Highlights

Processing in Base and Foreign Currencies
Multiple Interfaces
As-of Capture and Reporting
At-Source Withholding
Record Date Positions and Adjustments
Dividend & Interest Processing
Security versus Payment Currency Combinations
Automated Account Credits / Debits
Report Generation
Stock Dividends (Including Cash in Lieu)
Subscription Rights
Stock Splits and Spin Offs
Warrants
Tender Information
Fixed Rate and Variable Rate Issues Coupon Interest
Redemptions
Callable and Putable Securities
Sinking Fund Securities
Convertible Securities

DB TRADER           D I V I D E N D   P R O C E S S I N G           DIVH04 
                                                                  02/08/95
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SEC NO 2119         SEC ABBREVIATION  TRUST ACCT 2               CCY USD
A/C NO          777  A/C ABBREVIATION SSF              QTY ---------1000-
--------------------------------------------------------------------------
DIV PER SH         .50 DIVIDEND CCY USD   PAYMENT CCY GPB     BASE CCY USD
CURRENCY RATES                1.0000000   -------1.6000000       1.0000000
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GROSS DIVIDEND                   500.00            312.50          500.00
FOREIGN FEES                      10.00              6.25           10.00  
NON-RESIDENT ALIEN      ------  --50.00-----        31.25           50.00
AT SOURCE WITHHOLDING   ----------50.00             31.25           50.00  

NET DIVIDEND                     440.00            270.50          440.00 
NOSTRO ACCOUNT  12345          VALUE DATE  -32095
TEXT LINES:     REGULAR-QUARTERLY-DIVIDEND---------
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ENTER-Input    11-Table    12-Calculate    15-Hardcopy             16-Exit