Maturity Extension (EXTM):

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Maturity Extension (EXTM)

Status: Finalised Last Updated: 24 May 2021

SFTR Report – NONE | Corporate Action Cluster – Non-Economic or Information | Cash Move – N

Description:
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.

Best Practice:
When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-14)