ISLA logo

Spin Off (SOFF)

Spin Off (SOFF)

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


Spin off. A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin off represents a form of divestiture resulting in an independent company. E.g. demerger, distribution, unbundling.

Best Practice

When booking a Spin Off a new contract should be created to cover the additional distribution of shares. (COAC-41)


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