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Return and New Trade

Status: Finalised Last Updated: 28 Jan 2022

Description:
The following corporate actions require a full return and new trade booked.

DETI – Detachment
EXOF1 – Exchange
EXOF2 – Exchange (Voluntary)
EXRI – Call on Intermediate Securities
EXWA – Warrant Exercise
MRGR – Merger
NOOF2 – Non-Official Offer
PARI – Pari Passu
SPLF – Stock Split
SPLR – Reverse Stock Split

Best Practice:
All events within this cluster require either:

• Full closing out of an SFT to be reported via an ETRM

• Partial close out of an SFT to be reported via a MODI

• A new SFT to be booked in addition to the existing trade, which is reported under a NEWT template

• Some of these corporate actions may trigger a resulting value change of the SFT (these will be reported via the daily COLU report) (COAC-119)