STOCKSPLIT

Fiserv processes splits and dividends on listed stocks, on the ex-distribution date (the day the price actually changes). From time to time, an account or group of accounts may be missed. This happens for various reasons:

• Security is privately held
• Security was entered on APL after the EX-DATE with an AS OF DATE prior to the EX-DATE
• Account(s) newly added to APL with pre-split shares
• Original shares sold or delivered out before APL processes the split or dividend
• The BASEAC field for the account is coded with -9999

If you discover that a stock split or stock dividend has not been processed, there are certain steps that should be followed.

The first thing to do is to see if the security is listed on LOOKUPSPLIT. If the security is on the report and you want to process it, the function STOCKSPLIT should be used.

1. Type STOCKSPLIT and press Enter ↵

The following prompt will appear:

Enter Ex-Date - HIT ENTER FOR CURPRDATE :

2. Type the EX-DATE for the stock split or stock dividend and press Enter ↵

The following will appear:

Enter Security to Process a Split or Stock Dividend :

3. Type the SACUS number for the security and press Enter ↵

The following will appear:

Enter Number of Old Shares :

4. Type the number of old shares that are being converted and press Enter ↵

Important: Fractional shares can not be entered.

The following will appear:

Enter Number of New Shares :

5. Type the number of new shares that should be held after converting and press Enter ↵

Important: Fractional shares can not be entered.

For example, if you are processing a 2 for 1 split, you would enter 1 for `Enter Number of Old Shares :' and 2 for `Enter Number of New Shares :'.

The following will appear:

SEARCH FOR WHAT?

6. Type the account identifier for the account(s) for which you are processing the split or stock dividend and press Enter ↵

The following will appear:

NEXT OPERATION (HIT RETURN WHEN DONE, OR TYPE HELP):

7. Type the additional commands for sorting, increasing or decreasing the account selection and press Enter ↵, or simply press Enter ↵

A summary of what you entered will appear:

The following prompt will appear:

ARE YOU SURE YOU WANT TO MAKE THESE CAPITAL ADJS ?

8. If the summary information correctly reflects the way you want to process the split or stock dividend, type Yes and press Enter ↵. If it does not, type No and press Enter ↵

Answering NO will take you out of the function. If you answered YES, the function will process the split.

A record of the processing will appear on the screen. A report, ***CAP.LST, where *** is the client SNAM, will also be created.

The following will appear for securities in the SEC file:

ADJUST THE PER SHARE FIGURES ?

9. If the split you are processing did not appear on LOOKUPSPLIT, answer Yes and press Enter ↵. If the split you are processing did appear on LOOKUPSPLIT, answer No and press Enter ↵

The following will appear:

ADJUST THE HISTORICAL PRICES ?

10. If the split being processed did not appear on LOOKUPSPLIT, answer Yes and press Enter ↵. If the split being processed did appear on LOOKUPSPLIT, answer No and press Enter ↵.

Important: The answers to 9 and 10 should always be the same.

Important: STOCKSPLIT should only be run to process a split for privately held or unlisted securities or if an account missed a split that has been processed by APL.

A print file is created showing the processing of the capital adjustment is created and named ***CAP.LST, where *** is the client short name. It is a file of the information that will appear on screen.