Search

ISLA logo

Stock Dividend (DVSE)

Stock Dividend (DVSE)

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

Status: Best Practice Finalised, Last Updated: 24/05/2021

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)

Close

Creating your PDF, please wait.

PDF created successfully.

Sorry, your PDF could not be created at this time.

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