SWIFT ISO 15022 - Code DRIP

Significations

• Drip: Reinvestment proceeds into securities.
• Reinvestment of Proceeds: Reinvestment proceeds into securities.
• Dividend Reinvestment: Dividend payment where cash dividend is rolled over into additional shares in the issuing company.
• Dividend Reinvestment Securities: Distribution of dividend reinvestment securities.
• 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.

Utilisations