Last updated on JULY 09, 2010
Applies to:Oracle Treasury - Version: 12.1.2
Information in this document applies to any platform.
Bonus issues are usually part of corporate announcements and are expressed as a percentage which entitles the shareholder to receive the Bonus.
Currently Oracle Treasury accounts for bonus issue by entering it as a separate equity deal at zero scrip value. However, this work around would be a significant downgrade from the existing functionality in the legacy system which allows the user to enter the corporate announcements for Bonus Issue and the system automatically calculates the bonus entitlement on the basis of the shares in custody and the bonus percentage announced by the stock issuer. The system automatically shows the Bonus shares to be received by the company.
Is any workaround which matches the current system functionality?
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