Search

ISLA logo

Call On Intermediate Securities (EXRI)

Call On Intermediate Securities (EXRI)

SFTR Report - ETRM / NEWT | Corporate Action Cluster - Return and New Trade | Cash Move - Y

Description

Call or exercise on nil paid securities or intermediate securities resulting from an intermediate securities distribution (RHDI). This code is used for the second event, when an intermediate securities' issue (rights/coupons) is composed of two events, the first event being the distribution of intermediate securities.

Best Practice

When booking a Call On Intermediate Securities the original contract of the loan should be terminated, and a new contract posted. (COAC-63)

Close

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