Income processing - proactive market claims - definition of term

The late receipt of dividend and interest income typically gives rise to indirect costs (such as the loss of interest on funds). Many markets have an established mechanism for making a claim (a "market claim") so that the owner receives compensation for some of the associated costs. The service provider makes these market claims and actively pursues unpaid claims.

The globalcustody.net Glossary features a definition of income processing - proactive market claims - definition of term and the meanings or definitions of many more terms relating to Global Custody:

Income processing - pre-notification
Income processing - pre-advice
Corporate actions - proactive market claims
Settlement - proactive market claims
Income processing - contractual income
Income processing

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