Warrant Exercise (EXWA):

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Warrant Exercise (EXWA)

Status: Finalised Last Updated: 24 May 2021

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

Description:
Option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the issue).

Best Practice:
When booking a Warrant Exercise the original contract of the loan should be terminated, and a new contract posted. (COAC-64)