 Option F |
:4!c/[8c]/4!c |
(Qualifier)(Data Source Scheme)(Indicator) |
| Option H |
:4!c//4!c |
(Qualifier)(Indicator) |
Mandatory in optional subsequence B1a2
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
| 1 |
M |
TRAN |
N |
|
F |
Transaction Indicator |
| 2 |
M |
CRDB |
N |
|
H |
Credit/Debit Indicator |
| 3 |
O |
CAEV |
N |
|
F |
Corporate Action Event Indicator |
| |
or |
CASH |
N |
|
F |
Type of Cash Activity Indicator |
This qualified generic field specifies:
| CAEV |
Corporate Action Event Indicator |
Specifies the type of corporate event. |
| CASH |
Type of Cash Activity Indicator |
Specifies the type of activity to which the cash movement relates. |
| CRDB |
Credit/Debit Indicator |
Specifies whether the value is a debit or credit. |
| TRAN |
Transaction Indicator |
Specifies the type of activity to which this instruction relates. |
In option H, if Qualifier is CRDB, Indicator must contain one of the following codes (Error code(s): K22):
| CRED |
Credit |
Value is a credit. |
| DEBT |
Debit |
Value is a debit. |
In option F, if Qualifier is CAEV and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):
| ACCU |
Accumulation |
Funds related event in which the income (for example accumulation units) that accrues during an accounting period is retained within the fund instead of being paid away to investors. The retained income is nonetheless deemed to have been distributed to investors for tax purposes. |
| ACTV |
Trading Status: Active |
Trading in the security has commenced or security has been re-activated after a suspension in trading. |
| ATTI |
Attachment |
Combination of different security types to create a unit. Units are usually comprised of warrants and bonds or warrants and equities. Securities may be combined at the request of the security holder or based on market convention. |
| BIDS |
Repurchase Offer/Issuer Bid/Reverse Rights |
Offer to existing holders by the issuing company to repurchase its own securities. The objective of the offer is to reduce the number of outstanding securities. |
| BMET |
Bond Holder Meeting |
Physical meeting of bond holders. |
| 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. |
| BPUT |
Put Redemption |
Early redemption of a security at the election of the holder subject to the terms and condition of the issue with no reduction in nominal value. |
| BRUP |
Bankruptcy |
Legal status of a company unable to pay creditors. Bankruptcy usually involves a formal court ruling. Securities may become valueless. |
| CAPD |
Capital Distribution |
The Corporate event pays shareholders an amount in cash issued from the Capital account. There is no reduction to the face value of a single share (or the share has no par value). The number of circulating shares remains unchanged. |
| CAPG |
Capital Gains Distribution |
Distribution of profits resulting from the sale of company assets, for example, Shareholders of Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distributions which are often reinvested in additional shares of the fund. |
| CAPI |
Capitalisation |
Increase of the current principal of a debt instrument without increasing the nominal value. It normally arises from the incorporation of due but unpaid interest into the principal. This is commonly done by increasing the pool factor value, for example, capitalisation, and negative amortisation. |
| 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. |
| CLSA |
Class Action/Proposed Settlement |
Situation where interested parties seek restitution for financial loss. The security holder may be offered the opportunity to join a class action proceeding and would need to respond with an instruction. |
| CMET |
Court Meeting |
Announcement of a meeting at a Court. |
| CONS |
Consent |
Procedure that aims to obtain consent of holder to a proposal by the issuer or a third party without convening a meeting. For example, consent to change the terms of a bond. |
| CONV |
Conversion |
Conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio. |
| 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. |
| CREV |
Credit Event |
An occurrence of credit derivative for which the issuer of one or several underlying securities is unable to fulfil his financial obligations (as defined in terms and conditions). |
| DECR |
Decrease in Value |
Reduction of face value of a single share or the value of fund assets. The number of circulating shares/units remains unchanged. This event may include a cash payout to holders. |
| DETI |
Detachment |
Separation of components that comprise a security, for example, 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. |
| 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. Drawing is distinct from partial call since drawn bonds are chosen by lottery and with no reduction in nominal value. |
| DRCA |
Cash Distribution From Non-Eligible Securities Sales |
Distribution to shareholders of cash resulting from the selling of non-eligible securities, for example, in the frame of a depositary receipt program. |
| DRIP |
Dividend Reinvestment |
Dividend payment where holders can keep cash or have the cash reinvested in the market by the issuer into additional shares in the issuing company. To be distinguished from DVOP as the company invests the dividend in the market rather than creating new share capital in exchange for the dividend. |
| DSCL |
Disclosure |
Requirement for holders or beneficial owners to disclose their 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. |
| 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 offered a choice of currency. |
| DVOP |
Dividend Option |
Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares or cash. To be distinguished from DRIP as the company creates new share capital in exchange for the dividend rather than investing the dividend in the market. |
| DVSC |
Scrip Dividend/Payment |
Dividend or interest paid in the form of scrip. |
| DVSE |
Stock Dividend |
Dividend paid to shareholders in the form of equities of the issuing corporation. |
| 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", "capital reorganisation" or "funds separation". |
| 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. |
| 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 |
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. |
| INFO |
Information |
Information provided by the issuer having no accounting/financial impact on the holder. |
| INTR |
Interest Payment |
Interest payment distributed to holders of an interest bearing asset. |
| LIQU |
Liquidation Dividend/Liquidation Payment |
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. |
| MCAL |
Full Call/Early Redemption |
The redemption of an entire issue outstanding of securities, for example, bonds, preferred equity, funds, by the issuer or its agent, for example, asset manager, before final maturity. |
| MEET |
Annual General Meeting |
Annual general meeting. |
| MRGR |
Merger |
Exchange of outstanding securities, initiated by the issuer which may include options, as the result of two or more companies combining assets, that is, an external, third party company. Cash payments may accompany share exchange. |
| NOOF |
Non-Official Offer |
Offers that are not supervised or regulated by an official entity and being offered by a party, for example a broker, usually at a discount price, for example broker offer, mini-tender, mini odd lot offer or third party offer. |
| 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. |
| OMET |
Ordinary General Meeting |
Ordinary general meeting. |
| OTHR |
Other Event |
Other event, use only when no other event type applies, for example, a new event type. |
| PARI |
Pari-Passu |
Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, for example, pari-passu or assimilation. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or may result from outside events, for example, merger, reorganisation, issue of supplementary tranches, etc. |
| PCAL |
Partial Redemption With Reduction of Nominal Value |
Securities are redeemed in part before their scheduled final maturity date with reduction of the nominal value of the securities. The outstanding amount of securities will be reduced proportionally. |
| 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. |
| PRED |
Partial Redemption Without Reduction of Nominal Value |
Securities are redeemed in part before their scheduled final maturity date without reduction of the nominal value of the securities. This is commonly done by pool factor reduction. |
| PRII |
Interest Payment with Principal |
An event which consists of two components, the decrease of the amortized value of a pool factor security and an interest payment. |
| PRIO |
Priority Issue |
Form of open or public offer where, due to a limited amount of securities available, priority is given to existing shareholders. |
| REDM |
Final Maturity |
The redemption of an entire issue outstanding of securities, for example, bonds, preferred equity, funds, by the issuer or its agent, for example, asset manager, at final maturity. |
| REDO |
Redenomination |
Event by which the unit (currency and/or nominal) of a security is restated, for example, nominal/par value of security in a national currency is restated in another currency. |
| 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 that gives the holder the right to take part in a future event. |
| RHTS |
Rights Issue/Subscription Rights/Rights Offer |
Offer to holders of a security to subscribe for additional securities via the distribution of an intermediate security. Both processes are included in the same event. |
| 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. |
| SMAL |
Smallest Negotiable Unit |
Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit. |
| SOFF |
Spin-Off |
A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture usually resulting in an independent company or in an existing company. For example, demerger, distribution, unbundling. |
| SPLF |
Stock Split/Change in Nominal Value/Subdivision |
Increase in a corporation's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. Equity price and nominal value are reduced accordingly. |
| SPLR |
Reverse Stock Split/Change in Nominal Value |
Decrease in a company's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. Equity price and nominal value are increased accordingly. |
| SUSP |
Trading Status: Suspended |
Trading in the security has been suspended. |
| TEND |
Tender/Acquisition/Takeover/Purchase Offer |
An offer made to holders by a third party, requesting them to sell (tender) or exchange their securities. |
| TREC |
Tax Reclaim |
Event related to tax reclaim activities. |
| WRTH |
Worthless |
Booking out of valueless securities. |
| WTRC |
Withholding Tax Relief Certification |
Certification process 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. |
In option F, if Qualifier is TRAN and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):
| CASH |
Clean Cash Activity |
Transaction relates to clean cash. |
| CLAI |
Market Claim |
Transaction relates to a market claim following a corporate action. |
| CORP |
Corporate Action Activity |
Transaction relates to corporate action. |
In option F, if Qualifier is CASH and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):
| CCFA |
Client Cash Flow |
Cash movement relates to client cash flow (contribution or withdrawal). |
| CHAR |
Charges/Fees |
Cash movement relates to charges/fees. |
| CHKA |
Cheques |
Cash movement relates to cheques. |
| CLLE |
Collections |
Cash movement relates to collections. |
| CLRA |
Cash Letter/Cheques Remittance |
Cash movement relates to cash letters/cheques remittance. |
| DCRE |
Documentary Credit |
Cash movement relates to documentary credit. |
| ECKA |
Eurocheques |
Cash movement relates to eurocheques. |
| FEXA |
Foreign Exchange |
Cash movement relates to foreign exchange. |
| FMVA |
Futures Margin Variation |
Cash movement relates to futures margin variation. |
| IMFA |
Investment Management Fees |
Cash movement relates to investment management fees. |
| INTA |
Cash Interest on Long Cash Balance |
Cash movement relates to interest on a long cash balance. |
| STAM |
Stamp Duty |
Cash movement relates to stamp duty. |
| TAXA |
Tax Reclaim |
Cash movement relates to a tax reclaim. |
| TCFA |
Trust/Custody Fees |
Cash movement relates to trust/custody fees. |
| TCKA |
Travellers Cheques |
Cash movement relates to travellers cheques. |
| VDAA |
Value Date Adjustment |
Cash movement relates to value date adjustment. |
| WITH |
Withholding Tax |
Cash movement relates to withholding tax. |
The use of a specific corporate action event type code is allowed only if this specific event triggers a cash movement as per the Event Interpretation Grid published by the Securities Market Practice Group (SMPG).
The corporate action event indicator code OTHR must only be used in case no other corporate action event code is appropriate.
The corporate action event indicator code CHAN must only be used in case no other corporate action event code is appropriate and only for an event which relates to a change.
The corporate action event indicator code REDM must only be used when the redemption is decided by the issuer and not by the securities holders.
