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Conversion Option (CONV2)

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)

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