Intermediate Securities Distribution (RHDI)

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

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

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

Description:
The distribution of intermediate securities that gives the holder the right to take part in a future event.

Best Practice:
When booking a Intermediate Securities Distribution, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-69)