CASHANDSTOCK

Use when processing a corporate action with terms that result in a new security yielding cash for the existing security.

Important: When running this function, the value of the deal should be close or in parity to the closing pricing of the original security, and that the new security is set up properly prior to running this function.

• If the new security is not in the Security Master database, then it should be added using ADDSEC or EDITSEC
• The cash rate and stock rate must be known before completing the process. Also, ensure the value of the deal is in parity with the original shares
• The function should be tested on an individual account – before processing against an entire portfolio – to validate the results will match expectations

Enter the following:

1. OLD SECURITY: SACUS, CUSIP or TICK and then hit (TAB)
2. NEW SECURITY: SACUS, CUSIP or TICK and then hit (TAB)
3. CLSEP of OLD SECURITY: The current closing price found in CLSEP field when running EDSEC and then hit (TAB). Again, the price should be in parity
4. CLSEP of NEW SECURITY: The current price in EDSEC, then hit (TAB)
5. STOCK RATE: The rate for new shares. This is typically provided by the agent or back office
6. CASH RATE: The cash portion of the corporate action. This is typically indicated by the company or back office
7. EFFECTIVE DATE: The date that the corporate action will take effect

Click F10 to save. The following recap of the action that the function will perform appears:

The function will prompt again before proceeding:

An account selection prompt will then be appear.

SAVE THESE CHANGES IN THE ACCOUNTS ? Y
USE AUTOMATIC WHOWNS (AS OF LAST NIGHT)? (If you choose Y, it will run for RR NE 99 999 or your specially designated account selection). If you choose N, the following prompt will appear:

###### ACCOUNTS CURRENTLY ON FILE
SEARCH FOR WHAT?

When completed, the function will allow for additional changes to be entered (i.e., select YES from the following prompt). Or, you may exit the function by selecting NO.