Abstract: A system and method for creating rules for equity corporate actions and their variations is disclosed. The method includes receiving the data corresponding to corporate action event from at least one agent. Thereafter, method includes generating a rule for one or more one corporate action event from the received data by using one or more common parameters, wherein the common parameters define the one or more corporate action event. Further, the method includes executing the rule generated for the one or more corporate action event, wherein the rule generated is stored in the repository. Further, the method includes delivering the entitlement based on the rule for the one or more corporate action event. Thereby, the method enables financial institutions to handle any corporate action event and their variations.