Merger (MRGR):

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Merger (MRGR)

Status: Finalised Last Updated: 24 May 2021

SFTR Report – ETRM / NEWT | Corporate Action Cluster – Return and New Trade | Cash Move – Y

Description:
Exchange of outstanding securities, initiated by the issuer which may include options, as the result of two or more companies combining assets, i.e. an external third-d party company. Cash payment may accompany equity exchange. Mandatory Reorganisation without Options

Best Practice:
When booking a Merger the original contract of the loan should be terminated, and a new contract posted. (COAC-65)