This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.
This message is used to confirm to the account owner that securities and/or cash have been credited/debited to an account as the result of a corporate action event.
This message may also be used to:
reverse a previously sent corporate action confirmation
re-send a corporate action confirmation previously sent
provide a third party with a copy of the message.