19.2.5.1 Rights Tear-Off

The Events table is as of the record date and is updated when backdated deals are inserted. On the initiation processing date, a holding in the rights security is created for the portfolio. This process is automatically for all equities marked for auto initiation of corporate actions. For equities marked for manual corporate action the initiation event has to be invoked manually, for holdings to be created. Positions and holdings for Rights are updated to reflect the latest, once the event is completed.