•      Home

•      Find

World Adjustment
 Factors

Adjustment factors can be used for many purposes including –
Adjusting historical prices for display as a chart. Looking at the picture below, the adjusted chart is much clearer than the unadjusted chart. The unadjusted chart has a large jump in the prices on the effective date.

Un-adjusted prices in chart.		Adjusted prices in chart

Another reason for using adjusted prices is that they include the value of the event that caused the adjustment. For example -

Comparing the unadjusted prices implies that no money has been made from the investment, however comparing the adjusted purchase price implies that a 20% return has already been realised from the investment (i.e. the dividend has been “factored” into the purchase price).

Previously it has been difficult to know when to apply adjustment factors and what the factor should be.

The Adjustment Factor service solves both the above two problems ~ you will be advised when to apply and what to apply. The feed is available either via FTP or via our website.

You will receive adjustment records for the following events -
• Bonus
• Rights
• Entitlement
• Dividend
• Subdivision
• Consolidation
• Code Changes
• Call & Return of Capital

Each adjustment record contains the following fields separated by a tab –
• SecID: EDI’s security ID
• Issuer Name
• Security Type
• ISIN
• Sedol
• Code: EDI’s price file code
• Date: effective date or ex-date as applicable, usually same as file date however not necessarily.
• Reason: numeric event code –
  • 01: Rights in same stock
  • 02: Rights in different stock.
  • 03: Entitlement in same stock
  • 04: Entitlement in different stock
  • 05: Subdivision
  • 06: Consolidation
  • 10: Capital Call/Capital Return
  • 13: Bonus in same stock.
  • 14: Bonus in different stock
  • 17: Dividend
• Factor: Adjustment factor.
• Detail: Text description of event.

You can subscribe to this service on an exchange-by-exchange basis or as an overall package for all exchanges.

For more detailed information on the corporate action that caused the event subscribe to our Corporate Actions product.

If you need End-Of-Day prices to compliment this Adjustment Factor service then subscribe to our Price File service.