Full or Partial Return
Status: Best Practice Finalised, Last Updated: 28/01/2022
The following corporate actions require a full or partial return.
NOOF1 - Non-Official Offer
BIDS - Repurchase Offer
BPUT - Buy Back
DRAW - Drawing
DTCH - Dutch Auction
PCAL - Partial Redemption Without Pool Factor Reduction
PDEF - Prefunding
TEND1 - Tender
TEND2 - Takeover for Shares
All events that which require a full or partial return will require full closing out (reported via an ETRM) or partial close out of an SFT (reported via a MODI).
None of the events in this cluster of Corporate Actions (CA) will necessitate a new SFT booking. Some of these CAs will require an exchange or reduction of the collateral, if the collateral security is the subject of the CA. These will be reported via the daily COLU report. (COAC-120)
Sorry! You need to be logged in to access this document.
This premium content is available to ISLA member firms only. If you do not have a login, please use the ‘Request Login’ within the Member login.
If your firm is not a member of ISLA, find out more information regarding our current members, the types of membership we offer, and the benefits of joining.Find out more
Creating your PDF, please wait.
Already a member? Login to your account
Interested in becoming a member?
ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.Become a member today