Corporate-Action Risk
Economic discontinuity from splits, mergers, distributions and symbol events.
#Risk mechanism
A corporate action can change share quantity, reference price, symbol or asset entitlement. Stock Token multipliers adjust displayed economic units without changing raw ERC-20 balances, so strike and notional accounting must transform consistently.
#Stress conditions
- Stock split or reverse split.
- Merger, acquisition or spin-off.
- Cash or stock distribution.
- Symbol or identifier change.
- Trading halt during an event.
#Control principles
- Consume and version official corporate-action data.
- Apply multiplier, strike and notional changes atomically.
- Test value conservation across adjustments.
- Pause unsupported transformations.
- Preserve a complete pre- and post-event audit trail.