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Stock Dividend (DVSE)

Stock Dividend (DVSE)

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

Description

Dividend paid to shareholders in the form of equities of the issuing corporation.

Best Practice

When booking a Stock Dividend, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-67)

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