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Full or Partial Return

Full or Partial Return

Description

TBC

Best Practice

For example, Repurchase offer's & Final Maturity's

Effects on SFTR reports:
-All events that fall within the Full or Partial Returns cluster, require either:
i) Full closing out of an SFT to be reported via an ETRM (Termination / Early Term)
ii) Partial close out of an SFT to be reported via a MODI (Modification)

- None of the events in this cluster of CAs 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 corporate action. These will be reported via the daily COLU report. (COAC-120 FOR ISLA REVIEW)

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