ISLA logo

Full or Partial Return

Full or Partial Return



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)


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