Discrepancy Resolution for Voluntary Corporate Action Deadlines
Where there is a disagreement between the lender and borrower regarding the deadline of a voluntary corporate action, the following action should be taken.
In normal circumstances, the lender should accept the borrower's proposed deadline for voluntary corporate actions. In the instance of a deadline discrepancy, the lender should issue a recall of the stock prior to the market deadline of the corporate action.
This return deadline needs to be within a reasonable frame and at least 24 hours prior to the market deadline to allow the borrowers sufficient time to return the stock. (COAC-149)
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