seev.032 — Corporate Action Movement Preliminary Advice
The preliminary advice of the expected movement following a corporate action. The custodian communicates to the account owner the cash or securities amounts that will be credited / debited on D-day, allowing pre-positioning of accounting treatments.
Purpose and place in the flow
seev.032 is the preliminary advice of the expected movement for a corporate action (cash dividend, stock dividend, split, redemption, free distribution). Issued between record date and payment date to enable:
- Accounting provisioning of the expected cash or securities flow.
- End-client information (asset managers, individuals).
- Eligibility verification before effective payment.
seev.032 will be confirmed by seev.036 (Corporate Action Movement Confirmation) once the movement is actually booked on the account.
XML structure
- Id — unique identifier.
- NtfctnTp — notification type (NEWM, REPL, RMDR).
- CorpActnGnlInf — General Info on the CA: EvtId, EvtTp (DVCA, DRIP, INTR…), instrument.
- AcctDtls — securities account + owner + total eligible balance.
- CorpActnDtls — key dates (RecDt, PmtDt) + rate & amounts.
- CorpActnMvmntDtls — amount and date of expected posting.
Key fields
CorpActnGnlInf/EvtTp/Cd— DVCA (Cash Dividend), DRIP (Dividend Reinvestment), INTR (Interest), STSP (Stock Split), MRGR (Merger)…AcctDtls/Bal/TtlElgblBal/Bal/Unit— eligible quantity (typically = position at record date).CorpActnDtls/DtDtls/RcrdDt— record date.CorpActnDtls/DtDtls/PmtDt— expected payment date.CorpActnDtls/RateAndAmtDtls/GrssDvddRate— gross dividend rate per unit.CorpActnMvmntDtls/PstngAmt/Amt— amount to credit / debit (cash) or Unit (securities).
XML example
Preliminary advice for Apple cash dividend Q2 2026: BNP Paribas holds 1M Apple shares at the 11 May record date. Gross dividend 0.27 USD/share, payment 22 May 2026. Total expected: 270,000 USD credit:
<?xml version="1.0" encoding="UTF-8"?>
<Document xmlns="urn:iso:std:iso:20022:tech:xsd:seev.032.001.10">
<CorpActnMvmntPrlimryAdvc>
<Id>CAMP-AAPL-DIV-2026-Q2-001</Id>
<NtfctnTp>NEWM</NtfctnTp>
<CorpActnGnlInf>
<CorpActnEvtId>AAPL-CASH-DIV-2026-Q2</CorpActnEvtId>
<EvtTp>
<Cd>DVCA</Cd>
</EvtTp>
<FinInstrmId>
<ISIN>US0378331005</ISIN>
<Desc>Apple Inc. — Common Stock</Desc>
</FinInstrmId>
</CorpActnGnlInf>
<AcctDtls>
<SfkpgAcct>
<Id>BNPPSAFEKEEP-NYSE-001</Id>
</SfkpgAcct>
<AcctOwnr>
<Id>
<AnyBIC><AnyBIC>BNPAFRPP</AnyBIC></AnyBIC>
</Id>
</AcctOwnr>
<Bal>
<TtlElgblBal>
<Bal>
<Unit>1000000</Unit>
</Bal>
</TtlElgblBal>
</Bal>
</AcctDtls>
<CorpActnDtls>
<DtDtls>
<RcrdDt><Dt>2026-05-11</Dt></RcrdDt>
<PmtDt><DtTm>2026-05-22T00:00:00Z</DtTm></PmtDt>
</DtDtls>
<RateAndAmtDtls>
<GrssDvddRate>
<Amt Ccy="USD">0.27</Amt>
</GrssDvddRate>
</RateAndAmtDtls>
</CorpActnDtls>
<CorpActnMvmntDtls>
<PstngDt>
<Dt>2026-05-22</Dt>
</PstngDt>
<PstngAmt>
<Amt Ccy="USD">270000.00</Amt>
<CdtDbtInd>CRDT</CdtDbtInd>
</PstngAmt>
</CorpActnMvmntDtls>
</CorpActnMvmntPrlimryAdvc>
</Document>EvtTp/Cd = DVCA— Cash Dividend.RcrdDt = 2026-05-11— record date.PmtDt = 2026-05-22— expected payment date.GrssDvddRate/Amt = 0.27 USD— per share (before withholding tax).PstngAmt/Amt = 270000 USD CRDT— expected cash amount.
Common pitfalls
- WHT not specified — seev.032 gives the gross. The net depending on treaties is only known at effective payment (seev.036). Provision on the gross, then adjust.
- Inconsistent TtlElgblBal — eligible quantity must reflect record-date position, not current. Verify on semt.017 at the same date.
- Non-final PmtDt — for some CA, the planned PmtDt can slip 1-2 days. Always flag the notice as PRELIMINARY and wait for seev.036.
- Wrong EvtTp — confusing DVCA (cash dividend) with DRIP (dividend reinvestment) leads to wrong provisioning (cash vs securities).
- Late receipt — a seev.032 must arrive at minimum 5 days before PmtDt to serve its preliminary purpose. Beyond, its usefulness drops sharply.