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Scrip Dividend (DVSC)

Scrip Dividend (DVSC)

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

Description

Dividend or interest paid in the form of scrip - the company creates new share capital in exchange for the dividend.

Best Practice

When booking a Scrip Dividend, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-61)

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