MT 564 Field Specifications

4. Field 22F: Indicator

FORMAT

Option F

:4!c/[8c]/4!c

(Qualifier) (Data Source Scheme) (Indicator)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	CAEV	N	C7	F	Corporate Action Event Indicator
2	M	CAMV	N		F	Mandatory/Voluntary Indicator

DEFINITION

This qualified generic field specifies:

CAEV	Corporate Action Event Indicator	Type of CA event to which the message relates.
CAMV	Mandatory/ Voluntary Indicator	Specifies whether the event is mandatory, mandatory with options or voluntary.
CAMV	Mandatory/ Voluntary Indicator	Whether CA event is mandatory or voluntary and if instructions are required from the account owner.

CODES

If Qualifier is CAMV and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

CHOS	Mandatory CA event and an instruction is required	Participation in the corporate action is mandatory and further instructions from the account owner are required, unless a default option has been specified. CA event is mandatory; further instructions from the account owner required.
MAND	Mandatory CA event - no instruction required	Participation in CA event is mandatory; further instructions from the account owner not required.
VOLU	Voluntary CA event and an instruction is required to participate	Participation in the corporate action is voluntary. If the owner wishes to take part in the event, instructions from the account owner are CA event is voluntary; instructions from the account owner required.

CODES

If Qualifier is CAEV and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

ACTV	Trading status: Active	Trading in security has commenced or security has been re-activated after a suspension in trading.
ATTI	Attachment	The combination of different security types to create a unit. Units are usually comprised of warrants and bond or warrants and equity. Securities may be combined at the request of the security holder or based on market convention.
BIDS	Repurchase Offer	Issuer bid; Reduction of circulating shares; Reverse Rights. Offer by Issuing Company to existing shareholders to repurchase the company's own shares or other securities convertible into shares. Repurchase offer may include the distribution of renounceable or non renounceable rights. Objective of this offer is a reduction in the number of outstanding shares.
BONU	Bonus Issue/ Capitalisation Issue	Bonus, scrip or capitalisation issue. Security holders receive additional assets free of payment from the issuer, in proportion to their holding.
BONU	Bonus Issue	Attribution Gratuite (FR); Scrip Issue (GB); Capitalisation Issue. Security holders are awarded additional assets free of payment from the issuer in proportion to their holding. A bonus issue is typically represented by shares, rights, or warrants. Nominal value does not change. Holder may be offered choice of form.
BPUT	Put Redemption	Early redemption of a bond at the election of the bondholder subject to the terms and condition of the issue.
BRUP	Bankruptcy	Legal status of a company unable to pay creditors. Bankruptcy usually involves a formal court ruling. Securities may become valueless.
CAPG	Capital Gains Distribution	Distribution of profits resulting from the sale of securities. Shareholders of Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distributions which are often reinvested in additional shares of the fund.
CERT	Non-US TEFRA D Certification	Non-US beneficial owner certification requirement for exchange of temporary to permanent notes.
CHAN	Change	Information regarding a change further described in the corporate action details.
CHAN	Change	Information regarding a generic change, eg, change in the terms of an issue, change in the identification of a security, change of board lot, change from global to definitive.
CLSA	Class Action	Class action filing; Proposed Settlement. Situation where interested parties seek restitution for financial loss. Security holder may be offered the opportunity to join a class action proceeding and would need to respond with an instruction.
CMET	Court Meeting	Meeting related to following a court decision.
CONS	Consent	Solicitation of shareholders consent. Procedure aimed at obtaining consent of holders to proposal by issuer or a third party without a formal general meeting.
CONV	Conversion	Conversion or optional exchange of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price.
CPNR	Adjustment of Interest Rate	Announcement of the current coupon rate for a floating or adjustable rate security.
CPST	Coupon Stripping	Coupon stripping is the process whereby interest coupons for future payment dates are separated from the security corpus that entitles the holder to the principal repayment.
DECR	Decrease in Value	Reduction of the share capital and face value of a single security. share. The number of the circulating securities shares remains unchanged. This event may May include a cash payout capital pay-out to holders. shareholder.
DETI	Detachment	Separation of components that comprise a security - usually units comprised of warrants and bond or warrants and equity. Units may be broken up at the request of the security holder or based on market convention.
DFLT	Bond Default	Failure by the company to perform obligations defined as default events under the bond agreement and that have not been remedied.
DFLT	Bond Default	Non payment of interest or non payment of debt principal when due.
DLST	Trading Status: Delisted	Security is no longer able to comply with the listing requirements of a stock exchange and is removed from official board quotation.
DRAW	Drawing	Redemption in part before the scheduled final maturity date of a security.
DRIP	Dividend Reinvestment	Dividend payment where cash dividend is rolled over into additional shares in the issuing company.
DSCL	Disclosure	Requirement under some regulations for holders or beneficial owners to disclose their to the issuer the name, location and holdings of any issue to the issuer.
DTCH	Dutch Auction	An action by a party wishing to acquire a security. Holders of the security are invited to make an offer to sell, within a specific price range. The acquiring party will buy from the holder with lowest offer.
DTCH	Dutch Auction, Bid Tender	Similar to a tender offer, a Dutch auction is an action by a party wishing to acquire a particular security. Current holders of the targeted security are invited to make an offer, within a specific price range, in which they would be willing to sell their holdings. Acquiring party would then seek to purchase security from the holders with the lowest offer. A bid tender has no incremental price range, ie, the holder may bid at any price.
DVCA	Cash Dividend	Distribution of cash to shareholders, in proportion to their equity holding. Ordinary dividends are recurring and regular. Shareholder must take cash and may be is not offered a choice in the form of currency. distribution.
DVOP	Dividend Option	Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares, shareholder with the choice of payment method. Shareholder must choose the form of payment - stock, cash or both.
DVSC	Scrip Dividend/ Payment	Dividend or interest paid in the form of scrip.
DVSC	Scrip Dividend	Dividend paid in the form of scrip (temporary certificate) which represents the company's promise to pay a cash dividend. Occurs when earnings are sufficient but issuer wishes to conserve cash holdings. Shareholder is not offered a choice.
DVSE	Stock Dividend	Dividend paid to shareholders in the form of shares of stock in the issuing company or in another company. Shareholder must take stock and is not offered a choice in the form of distribution.
EXOF	Exchange	Exchange of holdings for other securities and/or cash. The exchange can be either mandatory or voluntary involving the exchange of outstanding securities for different securities and/or cash. For example "exchange offer" and "capital reorganisation".
EXOF	Exchange Offer	Exchange offer; Capital reorganisation. Offer to shareholders to exchange their holdings for other securities and/or cash. Exchange offers are usually voluntary involving the exchange of outstanding security for a different security or securities and/or cash.
EXOP	Exchange Option	Option for shareholders to exchange their securities for other securities and/or cash. Exchange options are mentioned in the Terms and Conditions of a security and are valid during the whole lifetime of a security unless otherwise stated by the issuer.
EXRI	Call on Intermediate Securities	Call or exercise on nil paid securities or intermediate securities resulting from an intermediate securities distribution (RHDI). This code is used for the second event, when an intermediate securities' issue (rights/coupons) is composed of two events, the first event being the distribution of intermediate securities.
EXRI	Call on Rights	Call/exercise on nil-paid securities/rights resulting from a rights distribution (RHDI) (To be used for the second event in case rights issue is dealt with in 2 events, first event being the RHDI).
EXTM	Maturity Extension	As stipulated in a bond's Terms and Conditions, the issuer or the bond-holder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder's approval.
EXWA	Warrant Exercise	Warrant conversion. Option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the issue).
INCR	Increase in Value	Increase in the face value of a single security. The number of circulating securities remains unchanged. This event may include a cash payout to holders.
INTR	Interest Payment	Regular interest payment distributed to holders of an interest bearing asset.
INCR	Increase in Value	Increase of the share capital. The face value of the single share is changed without modification of the number of shares in circulation. May include a capital payout to shareholder.
INDE	Instalment Default	Non payment of a call by the beneficial owner, resulting in either a court action by the issuer or the sale of the securities to recover costs and/or a forfeit of partially paid securities.
INTR	Interest Payment	Regular interest payment, only in cash, distributed to holders of an interest bearing asset. According to the terms of the issue, a bondholder may be able to elect the currency interest is paid in.
LIQU	Liquidation Dividend/ Liquidation Payment	A Liquidating dividend/Liquidation consist of a distribution of cash, assets or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security.. Security holder may be able to choose form of liquidation distribution.
MCAL	Full Call/ Early Redemption	The redemption of an entire issue outstanding of bonds/preferred equity by the issuer before final maturity.
MCAL	Full Call	An issuer's right to redeem bonds or preferred stock before maturity (if any).
MEET	Annual General Meeting	Annual general meeting.
MRGR	Merger	Mandatory or voluntary exchange of an outstanding securities as the result of two or more companies combining assets. Cash payments may accompany share exchange.
ODLT	Odd Lot Sale/Purchase	Sale or purchase of odd-lots to/from the issuing company, initiated either by the holder of the security or through an offer made by the issuer.
NAME	Name Change	The issuing company changes it's name. Event shows the change from old name to new name and may involve surrendering physical shares with the old name to the registrar.
ODLS	Odd Lot Sale	Sale of odd-lot back to the issuing company.
ODLT	Odd Lot Offer	Offer by issuer to allow holders of an odd lot of a security to order a commission-free transaction at market price, to sell the odd lot, or to buy an amount of shares which will bring the position to a round lot (board lot).
OMET	Ordinary General Meeting	Ordinary general meeting.
OTHR	Other event	Other event.
PARI	Pari-passu	Assimilation. Occurs when securities with different characteristics, eg, shares with different entitlements to dividend or voting rights, become identical in all respects, ie, pari-passu. May be scheduled in advance, eg, shares resulting from a bonus may become fungible after a pre-set period of time, or result from outside events, eg, merger, reorganisation, issue of supplementary tranches, etc.
PCAL	Partial Call	Securities are redeemed in part before their scheduled final maturity date. The outstanding amount of securities will be reduced proportionally.. Event type assumes call is based on a specific percentage of holding.
PDEF	Partial Defeasance/Pre-funding	Issuer has money set aside to redeem a portion of an issue and the indenture states that the securities could be called earlier than the stated maturity.
PINK	Pay In Kind	Interest payment, in any kind except cash, distributed to holders of an interest bearing asset.
PLAC	Place of Incorporation	Changes in the state of incorporation for US companies and changes in the place of incorporation for foreign companies. Where shares need to be registered following the incorporation change, the holder(s) may have to elect the registrar.
PPMT	Instalment Call	An instalment towards the purchase of equity capital, subject to an agreement between an issuer and a purchaser.
PPMT	Instalment Call	Increase of share capital through additional payment on face value of partly-paid shares, with part payments in several instalments.
PRII	Interest Payment with Principle	A payment of a portion of the principal of an interest bearing asset, in addition to the interest payment.
PRIO	Priority Issue	Form of open or public offer where priority is given to existing shareholders due to limited amount of securities available in the offer. Shareholders can buy a type of security during a short period of time.
REDM	Final Maturity	The redemption of an entire issue outstanding of bonds/preferred equities by the issuer at final maturity.
REDM	Final Maturity	Repayment in full of a debt security, investment trust or a preferred stock issue, at stated maturity.
REDO	Redenomination	Event by which the unit (currency and/or nominal) of a debt is restated, eg, a debt in a national currency unit is restated in another currency. euro.
REMK	Remarketing Agreement	Purchase and sale of remarketed preferred equities/bonds through the negotiation of interest rate between the issuers and the holders.
RHDI	Intermediate Securities Distribution	The distribution of intermediate securities or privilege that gives the holder the right to take part in a future event.
RHTS	Rights Issue/ Subscription Rights/ Rights Offer	Distribution of a security or privilege that gives the holder an entitlement or right to take part in a future event.
REMK	Remarketing Agreement	After the collapse of the perpetual floating rate note, the bond issuers negotiate an interest rate with bondholders. If agreement is reached, bond will continue at the agreed rate. If agreement is not reached, bond holders have the right to redeem the bond.
RHDI	Rights Distribution	The distribution of rights to shareholders, in proportion to their equity holding.
RHTS	Rights Issue	Subscription Rights, Rights offer. Privilege granted to existing shareholders of a company to subscribe to shares of a new issue against payment. Generally before securities are offered to the general public. Rights are often tradable in a secondary market.
SCOP	Suspension of Corporate Action Privilege	Suspension of conversion of securities generally a couple of weeks before a meeting takes place.
SMAL	Smallest Negotiable Unit	Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit.
SOFF	Spin-Off	Demerger; Distribution; Unbundling. A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture resulting in an independent company. Normally this is without cost to the parent issue shareholder. Eg, demerger, distribution, unbundling.
SPLF	Stock Split	Change in nominal value; Subdivision. The increase in a company's number of outstanding shares of stock without any change in the shareholder's equity or the aggregate market value at the time of the split. Stock price and nominal value are reduced accordingly.
SPLR	Reverse Stock Split	Change in nominal value; Consolidation. The decrease in a company's number of outstanding shares of stock without any change in the shareholder's equity or the aggregate market value at the time of the split. Stock price and nominal value are increased accordingly.
SUSP	Trading Status: Suspended	Trading in the security has been suspended.
TEND	Tender/ Acquisition/ Takeover/ Purchase Offer/ Buyback	An offer made to shareholders, normally by a third party, requesting them to sell (tender) or exchange their equities.
TEND	Tender	Acquisition; Take-over; Offre publique de retrait (FR); Purchase offer/buy-back. An offer made to shareholders, normally by a third party, requesting them to sell (tender) their shares for a specified price usually at a premium over prevailing market prices. Generally, the objective of a tender offer is to take control of the target company.
TREC	Tax Reclaim	Event related to tax reclaim activities.
WRTH	Worthless	Booking out of valueless securities.
WTRC	Withholding Tax Relief Certification	Certification request for withholding tax reduction or exemption based on the tax status of the holder.
XMET	Extraordinary or Special General Meeting	Extraordinary or special general meeting.
SHPR	Shares Premium Dividend	This corporate event pays shareholders an amount in cash issued from the shares premium reserve. It is similar to a dividend but with different tax implications.
COOP	Company Option	A Company Option may be granted by the company, allowing the holder to take up shares at some future date(s) at a pre arranged price in the company. A company may not grant options which enable the holder to take up unissued shares at a time which is five or more years from the date of the grant. Option holders are not members of a company. They are contingent creditors of a company and hence may, in some instances, be entitled to vote on and be bound by a scheme of arrangement between the creditors and the company. As many options have multiple exercise periods a company option will either lapse or carry on to the next expiry date.

USAGE RULES

The code OTHR should only be used in case no other corporate action event code is appropriate.

The code CHAN should only be used in case no other corporate action event code is appropriate and only for an event which relates to a change.

The code REDM should only be used when the redemption is decided by the issuer and not by the securities holders.