SFTR Report - ETRM / NEWT | Corporate Action Cluster - Return and New Trade | Cash Move - N
Conversion of securities ( generally convertible bonds or preferred shares) into another form of securities ( usually common shares) at a pre-stated price/ ratio. (initiated by the issuer)
When booking a Conversion the original contract of the loan should be terminated, and a new contract posted. (COAC-53)
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