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- Symbol that is being split
- Declaration date of the split
- Ex-Split date of the split
- Split ratio, values larger than 1 for forward splits, values lower than one for reverse split. See below for forward vs. reverse splits
Batch job calculations
StockSplit job is triggered in Kodiak Derivatives Batch console application by passing "-stocksplit" as an argument.
When a stock split record is saved in the Backoffice portal it creates a line in the StockSplit table in the database with a flag "Processed" equal to false.
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A forward split is when a company decides to divide their existing shares into multiple shares. A common split ratio would be for instance 2-for-1 which would double the number of shares in the company. When applying forward splits in backoffice the Split Ratio must be an rational number so that and Split Ratio > 1.
A reverse split is when a company decides to reduce their existing shares into fewer shares. A common split ratio would be for instance 1-for-2 which would half the number of shares in the company. When applying reverse splits in backoffice the Split Ratio must be an rational number so that and 0 < Split Ratio < 1.