Readable Corporate Action Notices





Email Alerts


EDI’s Readable Corporate Action Notice (RCAN) product offers ‘readable’ documents that combine all the data elements that would be contained within a typical corporate actions data feed (e.g. a Microsoft Excel, CSV, or XML file), but instead, presents these elements in a human-readable form, similar to a news feed.

Unlike in typical corporate actions feed records, where the parts are separated out and need to be re-linked within a client-side database, the RCAN is a complete message, where all the disparate parts are pulled together.

RCAN goes even further than this, supplying various change management features, links to related notices and even additional data points that are not found in the database from which it is derived. The notices are displayed in logical sections starting with ‘REFERENCE DATA’ in a simple style. The ‘EVENT DATA’ section always follows this and where applicable, ‘RELATED EVENTS’ and ‘PAYMENT OPTIONS’ sections follow.

If the event has been noted the Notice will conclude with a ‘DOCUMENT NOTES’ section which is usually the original source document text on which the EDI event data is based.

The intraday RCANs are provided throughout the day as PDF or XML file formats and can be delivered by email, FTP, API, RSS, or via a search platform. Additionally, start-of-day and end-of-day summary reports are available to clients that wish to receive a consolidated list of this information.

Data Delivery

Delivery options


Delivery format



RCAN covers 45 crucial corporate events (inc. Dividends, Mergers and Acquisitions, Rights Offering (Issue), Spin-Offs, Stock Splits, Reverse Stock Splits, New Listings (IPOs), Suspensions and Delistings etc.) and aggregates corporate actions from over 150 exchanges worldwide. Notices are produced 4 times per day in line with EDI’s incremental feed production times.

Who Needs Corporate Action Information?

Corporate actions can potentially generate material changes that impact an organization’s stakeholders and shareholders. This means any organizations, quantitative trading analysts, back-testers, model builders, or individuals that deal with investment securities such as shares, ETFs, or corporate bonds require corporate action information. For example:

  • Accounting Firms
  • Asset Management Firms
  • Compliance Departments
  • Financial Information Distributors
  • FinTech Companies
  • Institutional and Retail Investors
  • Investment Banks and Institutions
  • Investment Portfolio Managers
  • Market Data Aggregators
  • Regulatory Agencies
  • Stockbrokers
  • Tax Preparation Services