SWIFT ISO 15022 - Code PARI
Meanings
- 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.
- Pari-Passu: Assimilation.Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, that is, pari-passu. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or result from outside events, for example, merger, reorganisation, issue of supplementary tranches, etc.
Usages
Message type
Field number
Tag
MT567
(Corporate Action Status and Processing Advice)
(Corporate Action Status and Processing Advice)
4
22F (Indicator: Corporate Action Event Indicator)