Priority Issue (PRIO):

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Priority Issue (PRIO)

Status: Finalised Last Updated: 24 May 2021

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

Description:
Form of open or public offer where, due to a limited amount of securities available, priority is given to existing shareholders.

Best Practice:
When booking a Priority Issue, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-73)