Codes
In option F, if Qualifier is TRAN and Data Source Scheme is not present, Indicator must contain one of the following codes:
Borrowing/Lending Activity: Transaction relates to lending/borrowing.
Market Claim: Transaction relates to a market claim following a corporate action.
Collateral Activity: Transaction relates to collateral.
Corporate Action Activity: Transaction relates to corporate action.
Settlement and Clearing Activity: Transaction relates to settlement and clearing.
In option H, if Qualifier is REDE, Indicator must contain one of the following codes:
Deliver: Financial Instruments have been debited from the safekeeping account.
Receive: Financial Instruments have been credited to the safekeeping account.
In option H, if Qualifier is PAYM, Indicator must contain one of the following codes:
Against Payment: Against payment.
In option F, if Qualifier is CAEV and Data Source Scheme is not present, Indicator must contain one of the following codes:
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.
Trading Status: Active: Trading in the security has commenced or security has been re-activated after a suspension in trading.
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.
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.
Bond Holder Meeting: Physical meeting of bond holders.
Bonus Issue/Capitalisation Issue: Security holders receive additional assets free of payment from the issuer, in proportion to their holding.
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.
Bankruptcy: Legal status of a company unable to pay creditors. Bankruptcy involves formal court ruling. Securities may become valueless.
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.
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.
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.
Non-US TEFRA D Certification: Non-US beneficial owner certification requirement for exchange of temporary to permanent notes.
Change: Information regarding a change further described in the corporate action details.
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.
Court Meeting: Announcement of a meeting at a Court.
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.
Conversion: Conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio.
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.
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).
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.
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.
Bond Default: Failure by the company to perform obligations defined as default events under the bond agreement and that have not been remedied.
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.
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.
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.
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.
Disclosure: Requirement for holders or beneficial owners to disclose their name, location and holdings of any issue to the issuer.
Dutch Auction, Bid Tender: 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.
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.
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.
Scrip Dividend/Payment: Dividend or interest paid in the form of scrip.
Stock Dividend: Dividend paid to shareholders in the form of equities of the issuing corporation.
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".
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.
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.
Warrant Exercise/Warrant Conversion: Option to buy (call warrant) or to sell (put warrant) a specific amount of equities, cash, commodity, etc, at a predetermined price over a specific period of time.
Increase in Value: Increase in the face value of a single security. The number of circulating securities remains unchanged.
Information: Information provided by the issuer having no accounting/financial impact on the holder.
Interest Payment: Interest payment distributed to holders of an interest bearing asset.
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.
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.
Annual General Meeting: Annual general meeting.
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.
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.
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.
Ordinary General Meeting: Ordinary general meeting.
Other Event: Other event, use only when no other event type applies, for example, a new event type.
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.
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.
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.
Trading Status: Suspended: Trading in the security has been suspended.
Tender/Acquisition/Takeover/Purchase Offer: An offer made to holders by a third party, requesting them to sell (tender) or exchange their securities.
Tax Reclaim: Event related to tax reclaim activities.
Worthless: Booking out of valueless securities.
Withholding Tax Relief Certification: Certification process for withholding tax reduction or exemption based on the tax status of the holder.
Extraordinary or Special General Meeting: Extraordinary or special general meeting.
In option F, if Qualifier is SETR and Data Source Scheme is not present, Indicator must contain one of the following codes:
Buy Sell Back: Relates to a buy sell back transaction.
Buy In: The transaction relates to a buy-in by the market following a delivery transaction failure.
Market Claim: Transaction resulting from a market claim.
Central Bank Collateral Operation: Relates to a collateral delivery/receipt to a National Central Bank for central bank credit operations.
Collateral In: Relates to a collateral transaction, from the point of view of the collateral taker or its agent.
Collateral Out: Relates to a collateral transaction, from the point of view of the collateral giver or its agent.
DR Conversion: Relates to a depository receipt conversion.
Exchange Traded Funds: Relates to an exchange traded fund (ETF) creation or redemption.
Factor Update: Relates to a factor update.
Move of Stock: Relates to a movement of shares into or out of a pooled account.
Issuance: Relates to the issuance of a security such as an equity or a depository receipt.
Mark-Down: Relates to the decrease of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corp. event realigned).
Mark-Up: Relates to the increase of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corporate event realigned).
Netting: Relates to the netting of settlement instructions.
Non Syndicated: Relates to the issue of medium and short term paper (CP, CD, MTN, notes ...) under a program and without syndication arrangement.
External Account Transfer: Relates to an account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver).
Internal Account Transfer: Relates to an account transfer involving one instructing party (messages sender) at one account servicer (messages receiver).
Pair-Off: Relates to a pair-off: the transaction is paired off and netted against one or more previous transactions.
Placement: Relates to the placement/new issue of a financial instrument.
Portfolio Move: Relates to a portfolio move from one investment manager to another and/or from an account servicer to another. It is generally charged differently than another account transfer (OWNE, OWNI, INSP), hence the need to identify this type of transfer as such.
Withdrawal: Relates to the withdrawal of specified amounts from specified sub-accounts.
Redemption (Funds): Relates to a redemption of Funds (Funds Industry ONLY).
DR Release/Cancellation: Relates to a release (into/from local) of Depository Receipt operation.
Repo: Relates to a repurchase agreement transaction.
Return of Delivery Without Matching: Relates to the return of financial instruments resulting from a rejected delivery without matching operation.
Reverse Repo: Relates to a reverse repurchase agreement transaction.
Sell Buy Back: Relates to a sell buy back transaction.
Borrowing Reallocation: Internal reallocation of a borrowed holding from one safekeeping account to another.
Securities Borrowing: Relates to a securities borrowing operation.
Securities Lending: Relates to a securities lending operation.
Lending Reallocation: Internal reallocation of a holding on loan from one safekeeping account to another.
Subscription (Funds): Relates to a subscription to funds (Funds Industry ONLY).
Syndicate of Underwriters: Relates to the issue of financial instruments through a syndicate of underwriters and a Lead Manager.
TBA Closing: Relates to a To Be Announced (TBA) closing trade.
Trade: Relates to the settlement of a trade.
Triparty Repo: Relates to a triparty repurchase agreement.
Triparty Reverse Repo: Relates to a triparty reverse repurchase agreement.
Turnaround: Relates to a turnaround: the same security is bought and sold to settle the same day, to or from different brokers.
In option F, if Qualifier is TRCA and Data Source Scheme is not present, Indicator must contain one of the following codes:
Settling as a Custodian: Settlement party is a custodian. It receives/delivers the securities and carries out custodial duties.
Settling as Riskless Principal: Party settles trades that were simultaneously offset.
Settling as an Agent: Party settles trades on behalf of his client for which he also traded.
Settling as a Principal: Party settles its own trades.
In option F, if Qualifier is STCO and Data Source Scheme is not present, Indicator must contain one of the following codes:
Assignment: Transfer ownership of the asset to another party.
Buy to Cover: Settlement transaction is a buy to cover.
Clean: Tax-exempt financial instruments are to be settled.
Dirty: Taxable financial instruments are to be settled.
Delivery Without Matching: Matching receipt instruction not required (only for concerned ICSD and CSD).
In option F, if Qualifier is RTGS and Data Source Scheme is not present, Indicator must contain one of the following codes:
Non-RTGS: Settle through the non-RTGS system. If there is a standing instruction in place for settlement through the RTGS instruction, then this standing instruction is to be ignored.
RTGS: Settle through the RTGS system. If there is a standing instruction in place for settlement through the non-RTGS system, then this standing instruction is to be ignored.
In option F, if Qualifier is REGT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Street Name: Hold the securities in street name. If there is a standing instruction in place to register on receipt, then this standing instruction is to be ignored.
Register: Register on receipt. If there is a standing instruction in place to hold the securities in street name, then this standing instruction is to be ignored.
In option F, if Qualifier is BENE and Data Source Scheme is not present, Indicator must contain one of the following codes:
NCBO: No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of beneficial ownership (CBO), then this standing instruction is to be ignored.
CBO: Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of beneficial ownership (NCBO), then this standing instruction is to be ignored.
In option F, if Qualifier is CASY and Data Source Scheme is not present, Indicator must contain one of the following codes:
Gross Settlement System: Settle money through gross settlement system.
Net Settlement System: Settle money through net settlement system.
In option F, if Qualifier is TCPI and Data Source Scheme is not present, Indicator must contain one of the following codes:
Agent: Acting as an agent for tax liability.
Principal: Acting as a principal for tax liability.
In option F, if Qualifier is REPT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Swap/Substitution: Relates to a repo collateral substitution.
Repo Call: Relates to a change in the closing or maturity date or the providing of the termination date for an open repo.
Principal/Exposure Adjustment: Relates to a principal adjustment.
Pair-Off: Relates to a repo that is part of a pair-off.
Repo Rate: Relates to a change in the repo rate.
Rollover: Relates to a repo rollover of a position extending the closing or maturity date.
Top-Up: Relates to a cover of securities position due to deficit of collateral following mark to market valuation.
Withdrawal: Relates to a return of securities position due to excess of collateral following mark to market valuation.
In option F, if Qualifier is MACL and Data Source Scheme is not present, Indicator must contain one of the following codes:
Client Side: Instruction is for a client side transaction.
Market Side: Instruction is for a market side transaction.
In option F, if Qualifier is BLOC and Data Source Scheme is not present, Indicator must contain one of the following codes:
Block Trade Child: Transaction is a block trade child.
Block Trade Parent: Transaction is a block trade parent.
In option F, if Qualifier is REST and Data Source Scheme is not present, Indicator must contain one of the following codes:
Pursuant to 144A: Ownership or transfer of an unregistered security issued, pursuant to US legal restrictions 144A.
Not Subject to Restrictions: Ownership or transfer of a security that is not subject to restrictions.
Subject to Restrictions (not pursuant to 144A): Ownership or transfer of a security that is subject to restrictions, and not pursuant to 144A.
In option F, if Qualifier is SETS and Data Source Scheme is not present, Indicator must contain one of the following codes:
Default Settlement System/Method: Settle through the default settlement system/method. If there is a standing instruction in place for settlement through the alternate settlement system/method, then this standing instruction is to be ignored.
Alternate Settlement System/Method: Settle through the alternate settlement system/method. If there is a standing instruction in place for settlement through the default settlement system/method, then this standing instruction is to be ignored.
In option F, if Qualifier is NETT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Not Netting Eligible: Settlement instruction is not eligible for netting.
Netting Eligible: Settlement instruction is eligible for netting.
In option F, if Qualifier is CCPT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Not CCP Eligible: Settlement instruction is not CCP eligible.
CCP Eligible: Settlement instruction is CCP eligible.
In option F, if Qualifier is LEOG and Data Source Scheme is not present, Indicator must contain one of the following codes:
Letter of Guarantee Not Accepted: Letter of guarantee is not accepted. If there is a standing instruction in place to accept a letter of guarantee, then this standing instruction is to be ignored.
Letter of Guarantee Accepted: Letter of guarantee is accepted. If there is a standing instruction in place not to accept a letter of guarantee, then this standing instruction is to be ignored.
In option F, if Qualifier is STAM, the Data Source Scheme must be used to indicate the stamp duty type or reason, for example, in the United Kingdom and Ireland (CRST), in South Africa (STRA), etc.
