Bankruptcy (BRUP):

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Bankruptcy (BRUP)

Status: Finalised Last Updated: 24 May 2021

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

Description:
Legal status of a company unable to pay creditors. Bankruptcy usually involves a formal court ruling. Securities may become valueless.

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-5)