Call On Intermediate Securities (EXRI):

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Call On Intermediate Securities (EXRI)

Status: Finalised Last Updated: 24 May 2021

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

Description:
Call or exercise on nil paid securities or intermediate securities resulting from an intermediate securities distribution (RHDI). This code is used for the second event, when an intermediate securities’ issue (rights/coupons) is composed of two events, the first event being the distribution of intermediate securities.

Best Practice:
When booking a Call On Intermediate Securities the original contract of the loan should be terminated, and a new contract posted. (COAC-63)