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Information Corporate Actions

Conversion Option (CONV2)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Conversion of securities (g generally convertible bonds or preferred shares) into another form of securities ( usually common shares) at a pre-stated price/ ratio.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-29)

Extraordinary or Special General Meeting (XMET)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Extraordinary or special general meeting.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-28)

Withholding Tax Relief Certification (WTRC)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Certification process for withholding tax reduction or exemption based on the tax status of the holder.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-27)

Tax Reclaim (TREC)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Event related to tax reclaim activities.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-26)

Tax On Non- Distributed Proceeds (TNDP)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Taxable component on non- distributed proceeds, for example, Australian deemed income or US 871m income regulation.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-25)

Trading Status Suspended (SUSP)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Trading in the security has been suspended.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-24)

Smallest Negotiable Unit (SMAL)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-23)

Remarketing Agreement (REMK)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Purchase and sale of remarketed preferred equities/bonds through the negotiation of interest rate between the issuers and the holders.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-22)

Redenomination (REDO)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Event by which the unit (currency and/or nominal) of a security is restated, for example, nominal/ par value of security in a national currency is restated in another currency.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-21)

Place Of Incorporation (PLAC)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Changes in the state of incorporation for US companies and changes in the place of incorporation for foreign companies. Where shares need to be registered following the incorporation change, the holder(s) may have to elect the registrar.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-20)

Other Event (OTHR)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Other event, use only when no other event type applies, for example, a new event type.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-19)

Ordinary General Meeting (OMET)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Ordinary general meeting.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-18)

Securities Holders Meeting (MTNG)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Ordinary or annual or extraordinary or special general meeting.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-17)

General Meeting (MEET)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Annual general meeting.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-16)

Increase in Value (INCR)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Increase in the face value of a single security. The number of circulating securities remains unchanged.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-15)

Maturity Extension (EXTM)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

As stipulated in a bond's Terms and Conditions, the issuer or the bond- holder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder's approval.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-14)

Disclosure (DSCL)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Requirement for holders or beneficial owners to disclose their name, location and holdings of any issue to the issuer.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-13)

Trading Status Delisted (DLST)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Security is no longer able to comply with the listing requirements of a stock exchange and is removed from official board quotation.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-12)

Credit Event (CREV)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

An occurrence of credit derivative for which the issuer of one or several underlying securities is unable to fulfillfulfil his financial obligations (as defined in terms and conditions).

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-11)

Court Meeting (CMET)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Announcement of a meeting at a Court.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-10)

Class Action Proposed Settlement (CLSA)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Situation where interested parties seek restitution for financial loss. The security holder may be offered the opportunity to join a class action proceeding and would need to respond with an instruction.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-9)

Change (CHAN1)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Information regarding a change further described in the corporate action details.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-8)

Non USTEFRAD Certification (CERT)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Non-US beneficial owner certification requirement for exchange of temporary to permanent notes.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-7)

Capitalisation (CAPI)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Increase of the current principal of a debt instrument without increasing the nominal value. It normally arises from the incorporation of due but unpaid interest into the principal. This is commonly done by increasing the pool factor value, for example, capitalisation, and negative amortisation.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-6)

Bankruptcy (BRUP)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Legal status of a company unable to pay creditors. Bankruptcy usually involves a formal court ruling. Securities may become valueless.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-5)

Bond Holder Meeting (BMET)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Physical meeting of bond holders.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-4)

Active Trading Status (ACTV)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Trading in the security has commenced or security has been re-activated after a suspension in trading.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-3)

Accumulation (ACCU)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description

Funds related event in which the income (for example accumulation units) that accrues during an accounting period is retained within the fund instead of being paid away to investors. The retained income is NONEtheless deemed to have been distributed to investors for tax purposes.

Best Practice

When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-2)

Consent (CONS)

SFTR Report - NONE | Corporate Action Cluster - Economic outside SFT | Cash Move - Y

Description

Procedure that aims to obtain consent of holder to a proposal by the issuer or a third party without convening a meeting. For example, consent to change the terms of a bond.

Best Practice

TBC (COAC-1)

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