Dividend Option (DVOP2)
SFTR Report - NEWT | Corporate Action Cluster - Addition Sec on Loan | Cash Move - Y
Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares or cash. To be distinguished from DRIP as the company creates new share capital in exchange for the dividend rather than investing the dividend in the market.
When booking a Dividend Option (DVOP2), a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-60)
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