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Liquidation (LIQU)

Liquidation (LIQU)

SFTR Report - NEWT | Corporate Action Cluster - Addition Sec on Loan | Cash Move - Y

Description

Distribution of cash, assets or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security.

Best Practice

When booking a Liquidation, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event.

Actions undertaken around liquidation events should be considered on a case by case basis, ISLA best practice should be followed in each instance. (COAC-40)

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