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Priority Issue (PRIO)

Priority Issue (PRIO)

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

Description

Form of open or public offer where, due to a limited amount of securities available, priority is given to existing shareholders.

Best Practice

When booking a Priority Issue, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-73)

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