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Fractional Share or Fractional Bond Received from a Corporate Action

An FIF member would like to discuss with other FIF members processing and reporting for a scenario where a customer receives a fractional share or fractional bond as a result of a corporate action, and the fractional share or fractional bond allocation is subsequently liquidated as an account maintenance function. If you would like to participate in this discussion, please send a note to fifinfo@fif.com.

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