19.9 Process Dividends
This topic describes the process of dividends collections.
Only those records, which have been authorized and confirmed, will be picked up for processing. The Dividend Initiation or tear off for long position (DVIN) event is triggered for those dividends with initiation date less than or equal to today's date. Based on the initiation date only those events for which initiation has not been done are selected. The Events table is updated once the event is complete. After DVIN event, the cash and stock dividends with collection date less than or equal to today will be picked up.
Thus, the Dividend Collection for a long position event (DVCD) is triggered. The collection event collects the stock/cash amount and the cash instead of stock (for those securities with the stock to cash option on) from the SK location. Once the collection event is done the Events table is updated. The Dividend Disbursement for a long position (DVLQ) picks up those events with disbursement dates less than or equal to today. When the disbursement is through the Events table is updated.
This topic has the following sub-topics: