T+1 and its impact on tracking corporate actions

The T+1 settlement cycle has collateral impact on corporate actions that will drive more automation, including tax analysis

Excerpt: Because corporate actions can affect an investor’s holdings in particular securities (potentially changing important details such as the quantity and/or identity of securities held), the shorter T+1 settlement cycle will necessitate the faster processing of corporate actions that occur immediately before a customer’s trade and that could potentially impact the securities sold.