RE: Buybacks and Divi's13 Sep 2021 18:02
"one minute past midnight the system would be running"
They would probably run the first trial run the day before. The time, as it always is in these things, is the rec - it's a manual check - which needs approvals and controls. You could get a computer to calculate it in minutes if that's all you focussed on, but in reality it's the back office admin that saps the time. And remember these guys do more than dividend processing.