Rights Issue (RHTS):

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Rights Issue (RHTS)

Status: Finalised Last Updated: 24 May 2021

SFTR Report – NEWT | Corporate Action Cluster – Addition Sec on Loan | Cash Move – N

Description:
Offer to holders of a security to subscribe for additional securities via the distribution of an intermediate security. Both processes are included in the same event.

Best Practice:
When booking a Rights Issue, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-70)