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Pay In Kind (PINK)

Pay In Kind (PINK)

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

Description

Interest payment, in any kind except cash, distributed to holders of an interest- bearing asset.

Best Practice

When booking a Pay In Kind, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-68)

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