Quote Originally Posted by Geoff Parkstone View Post
its not exactly a clear expression! - and hardly likely to be anything you would do whilst thinking about your ex!

FYI RA (although I doubt you have the "I") cum ex schemes have been going on all over Europe in recent years costing various treasuries (not ours) billions. Its keyed off a legal loophole allowing multiple parties to claim ownership of a share, and so its dividend, and thus all of them claim a tax refund on the dividend, even though the tax was only paid to the exchequer once by the company.

Also known as dividend arbitrage
If it's a "legal loophole", why is anybody, anywhere, under investigation for its use/innocent automated activation?