General

How do I know if I receive a dividend or if I need to respond to a corporate action notice?

When you receive a dividend or other corporate action, you will be notified by email.  If necessary, BOOM will ask for a response from you concerning the corporate action.  For example, a message will ask you whether you would like your dividend in cash or shares.   It is important to note that your rights and/or entitlement associated to that corporate action may be affected if you do not response to us in time.

Impacts from Corporate Action

How do corporate actions affect my pending order(s)?

Your pending order(s) will be either cancelled or adjusted, dependent upon the nature of the Corporate action and the Exchange activity.

Your pending order will be cancelled if any of the corporate actions identified in the table below occur. Cancellation will occur irrespective of whether or not the order has reached its Good Till Date.

* if the stock no longer trades     ** if affecting the unique system code

Your pending order will be adjusted if any of the corporate actions identified in the table below occur. Your order would then be executed at the adjusted limit price.

* We will adjust the orders if the Exchange adjusts

However, an action by the Exchange may cause your pending order to be either cancelled or adjusted if any of the corporate actions identified in the table below occur.

How do corporate action adjustments affect my executed order(s) and account balance?

An adjustment on a pending order, either changing of price and / or quantity, will affect the final executed order amount, causing a difference from the original order amount.

If the executed order amount is smaller than the original amount of a buy order, the extra held funds will be released to your available cash balance. However, a smaller amount of proceeds will be added to your available cash balance where sell order(s) are affected.

If the executed order amount is larger than the original amount of a buy order, the extra funds needed will be deducted from your available cash balance. More sales proceeds will be added to your cash balance where sell order(s) are affected.

Please note that we will not allot shares to your account in the event that your account has insufficient funds to accommodate adjusted buy order(s). You will be contacted by BOOM where this situation arises.

You may view all adjustments made by the system under the "Order History" page of the Trading Section.