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Merger (MRGR)

Merger (MRGR)

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

Description

Exchange of outstanding securities, initiated by the issuer which may include options, as the result of two or more companies combining assets, i.e. an external third-d party company. Cash payment may accompany equity exchange. Mandatory Reorganisation without Options

Best Practice

When booking a Merger the original contract of the loan should be terminated, and a new contract posted. (COAC-65)

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