BSBK

Buy Sell Back

Relates to a buy sell back transaction.

CNCB

Central Bank Collateral Operation

Relates to a collateral delivery/receipt to a National Central Bank for central bank credit operations.

COLI

Collateral In

Relates to a collateral transaction, form the point of view of the collateral taker or its agent.

COLO

Collateral Out

Relates to a collateral transaction, form the point of view of the collateral giver or its agent.

CONV

DR Conversion

Relates to a depository receipt conversion.

ETFT

Exchange Traded Funds

Relates to an exchange traded fund (ETF) creation or redemption.

FCTA

Factor Update

Relates to a factor update.

INSP

Move of Stock

Relates to a movement of shares into or out of a pooled account.

ISSU

Issuance

Relates to the issuance of a security such as an equity or a depository receipt.

MKDW

Mark-Down

Relates to the decrease of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corp. event realigned).

MKUP

Mark-Up

Relates to the increase of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corporate event realigned).

NETT

Netting

Relates to the netting of settlement instructions.

NSYN

Non Syndicated

Relates to the issue of medium and short term paper (CP, CD, MTN, notes ...) under a program and without syndication arrangement.

OWNE

External Account Transfer

Relates to an account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver).

OWNI

Internal Account Transfer

Relates to an account transfer involving one instructing party (messages sender) at one account servicer (messages receiver).

PAIR

Pair-Off

Relates to a pair-off: the transaction is paired off and netted against one or more previous transactions.

PLAC

Placement

Relates to the placement/new issue of a financial instrument.

PORT

Portfolio Move

Relates to a portfolio move from one investment manager to another and/or from an account servicer to another. It is generally charged differently than another account transfer (OWNE, OWNI, INSP), hence the need to identify this type of transfer as such.

REAL

Realignment

Relates to a realignment of positions.

REDI

Withdrawal

Relates to the withdrawal of specified amounts from specified sub-accounts.

REDM

Redemption (Funds)

Relates to a redemption of Funds (Funds Industry ONLY).

RELE

DR Release/Cancellation

Relates to a release (into/from local) of Depository Receipt operation.

REPU

Repo

Relates to a repurchase agreement transaction.

RODE

Return of Delivery Without Matching

Relates to the return of financial instruments resulting from a rejected delivery without matching operation.

RVPO

Reverse Repo

Relates to a reverse repurchase agreement transaction.

SBBK

Sell Buy Back

Relates to a sell buy back transaction.

SBRE

Borrowing Reallocation

Internal reallocation of a borrowed holding from one safekeeping account to another.

SECB

Securities Borrowing

Relates to a securities borrowing operation.

SECL

Securities Lending

Relates to a securities lending operation.

SLRE

Lending Reallocation

Internal reallocation of a holding on loan from one safekeeping account to another.

SUBS

Subscription (Funds)

Relates to a subscription to funds (Funds Industry ONLY).

SYND

Syndicate of Underwriters

Relates to the issue of financial instruments through a syndicate of underwriters and a Lead Manager.

TBAC

TBA Closing

Relates to a To Be Announced (TBA) closing trade.

TRAD

Trade

Relates to the settlement of a trade.

TRPO

Triparty Repo

Relates to a triparty repurchase agreement.

TRVO

Triparty Reverse Repo

Relates to a triparty reverse repurchase agreement.

TURN

Turnaround

Relates to a turnaround: the same security is bought and sold to settle the same day, to or from different brokers.

DELI

Deliver

Financial Instruments have been debited from the safekeeping account.

RECE

Receive

Financial Instruments have been credited to the safekeeping account.

ACTV

Trading Status: Active

Trading in the security has commenced or security has been re-activated after a suspension in trading.

ATTI

Attachment

Combination of different security types to create a unit. Units are usually comprised of warrants and bonds or warrants and equities. Securities may be combined at the request of the security holder or based on market convention.

BIDS

Repurchase Offer/Issuer Bid/Reverse Rights

Offer to existing shareholders by the issuing company to repurchase equity or other securities convertible into equity. The objective of the offer is to reduce the number of outstanding equities.

BONU

Bonus Issue/Capitalisation Issue

Security holders receive additional assets free of payment from the issuer, in proportion to their holding.

BPUT

Put Redemption

Early redemption of a security at the election of the holder subject to the terms and condition of the issue with no reduction in nominal value.

BRUP

Bankruptcy

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

CHAN

Change

Information regarding a change further described in the corporate action details.

CONV

Conversion

Conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio.

COOP

Company Option

A Company Option may be granted by the company, allowing the holder to take up shares at some future date(s) at a pre arranged price in the company. A company may not grant options which enable the holder to take up unissued shares at a time which is five or more years from the date of the grant. Option holders are not members of a company. They are contingent creditors of a company and hence may, in some instances, be entitled to vote on and be bound by a scheme of arrangement between the creditors and the company. As many options have multiple exercise periods a company option will either lapse or carry on to the next expiry date.

DECR

Decrease in Value

Reduction of face value of a single share or the value of fund assets. The number of circulating shares/units remains unchanged. This event may include a cash payout to holders.

DETI

Detachment

Separation of components that comprise a security, for example, usually units comprised of warrants and bond or warrants and equity. Units may be broken up at the request of the security holder or based on market convention.

DLST

Trading Status: Delisted

Security is no longer able to comply with the listing requirements of a stock exchange and is removed from official board quotation.

DRAW

Drawing

Redemption in part before the scheduled final maturity date of a security. Drawing is distinct from partial call since drawn bonds are chosen by lottery and with no reduction in nominal value.

DRIP

Dividend Reinvestment

Dividend payment where holders can keep cash or have the cash reinvested in the market by the issuer into additional shares in the issuing company. To be distinguished from DVOP as the company invests the dividend in the market rather than creating new share capital in exchange for the dividend.

DTCH

Dutch Auction, Bid Tender

An action by a party wishing to acquire a security. Holders of the security are invited to make an offer to sell, within a specific price range. The acquiring party will buy from the holder with lowest offer.

DVOP

Dividend Option

Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares or cash. To be distinguished from DRIP as the company creates new share capital in exchange for the dividend rather than investing the dividend in the market.

DVSC

Scrip Dividend/Payment

Dividend or interest paid in the form of scrip.

DVSE

Stock Dividend

Dividend paid to shareholders in the form of equities of the issuing corporation.

EXOF

Exchange

Exchange of holdings for other securities and/or cash. The exchange can be either mandatory or voluntary involving the exchange of outstanding securities for different securities and/or cash. For example "exchange offer", "capital reorganisation" or "funds separation".

EXRI

Call on Intermediate Securities

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.

EXWA

Warrant Exercise/Warrant Conversion

Option to buy (call warrant) or to sell (put warrant) a specific amount of equities, cash, commodity, etc, at a predetermined price over a specific period of time.

INCR

Increase in Value

Increase in the face value of a single security. The number of circulating securities remains unchanged.

LIQU

Liquidation Dividend/Liquidation Payment

A distribution of cash, assets or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security.

MCAL

Full Call/Early Redemption

The redemption of an entire issue outstanding of securities, for example, bonds, preferred equity, funds, by the issuer or its agent, for example, asset manager, before final maturity.

MRGR

Merger

Exchange of outstanding securities, initiated by the issuer which may include options, as the result of two or more companies combining assets, that is, an external, third party company. Cash payments may accompany share exchange.

ODLT

Odd Lot Sale/Purchase

Sale or purchase of odd-lots to/from the issuing company, initiated either by the holder of the security or through an offer made by the issuer.

OTHR

Other Event

Other event, use only when no other event type applies, for example, a new event type.

PARI

Pari-Passu

Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, for example, pari-passu or assimilation. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or may result from outside events, for example, merger, reorganisation, issue of supplementary tranches, etc.

PCAL

Partial Redemption With Reduction of Nominal Value

Securities are redeemed in part before their scheduled final maturity date with reduction of the nominal value of the securities. The outstanding amount of securities will be reduced proportionally.

PDEF

Partial Defeasance/Pre-Funding

Issuer has money set aside to redeem a portion of an issue and the indenture states that the securities could be called earlier than the stated maturity.

PINK

Pay In Kind

Interest payment, in any kind except cash, distributed to holders of an interest bearing asset.

PLAC

Place of Incorporation

Changes in the state of incorporation for US companies and changes in the place of incorporation for foreign companies. Where shares need to be registered following the incorporation change, the holder(s) may have to elect the registrar.

PPMT

Instalment Call

An instalment towards the purchase of equity capital, subject to an agreement between an issuer and a purchaser.

PRII

Interest Payment with Principal

An event which consists of two components, the decrease of the amortized value of a pool factor security and an interest payment.

PRIO

Priority Issue

Form of open or public offer where priority is given to existing shareholders due to limited amount of securities available in the offer. Shareholders can buy a type of security during a short period of time.

REDM

Final Maturity

The redemption of an entire issue outstanding of securities, for example, bonds, preferred equity, funds, by the issuer or its agent, for example, asset manager, at final maturity.

REDO

Redenomination

Event by which the unit (currency and/or nominal) of a security is restated, for example, nominal/par value of security in a national currency is restated in another currency.

REMK

Remarketing Agreement

Purchase and sale of remarketed preferred equities/bonds through the negotiation of interest rate between the issuers and the holders.

RHDI

Intermediate Securities Distribution

The distribution of intermediate securities or privilege that gives the holder the right to take part in a future event.

RHTS

Rights Issue/Subscription Rights/Rights Offer

Distribution of a security or privilege that gives the holder an entitlement or right to take part in a future event.

SMAL

Smallest Negotiable Unit

Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit.

SOFF

Spin-Off

A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture usually resulting in an independent company or in an existing company. For example, demerger, distribution, unbundling.

SPLF

Stock Split/Change in Nominal Value/Subdivision

Increase in a corporation's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. Equity price and nominal value are reduced accordingly.

SPLR

Reverse Stock Split/Change in Nominal Value

Decrease in a company's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. Equity price and nominal value are increased accordingly.

SUSP

Trading Status: Suspended

Trading in the security has been suspended.

TEND

Tender/Acquisition/Takeover/Purchase Offer/Buyback

An offer made to shareholders, normally by a third party, requesting them to sell (tender) or exchange their equities.

WRTH

Worthless

Booking out of valueless securities.

BOLE

Borrowing/Lending Activity

Transaction relates to lending/borrowing.

CLAI

Market Claim

Transaction relates to a market claim following a corporate action.

COLL

Collateral Activity

Transaction relates to collateral.

CORP

Corporate Action Activity

Transaction relates to corporate action.

SETT

Settlement and Clearing Activity

Transaction relates to settlement and clearing.

ASGN

Assignment

Transfer of ownership of the asset to another party during the closing of an option.

CLEN

Clean

Tax-exempt financial instruments are to be settled.

DIRT

Dirty

Taxable financial instruments are to be settled.

DLWM

Delivery Without Matching

Matching receipt instruction not required (only for concerned ICSD and CSD).

DRAW

Drawn

Settlement transactions relates to drawn securities.

EXER

Exercised

Settlement transaction relates to options, futures or derivatives that are exercised.

EXPI

Expired

Settlement transaction relates to options, futures or derivatives that have expired.

FRCL

Free Clean Settlement

Delivery will be made free of payment but a clean payment order will be sent.

KNOC

Knocked Out

Settlement transaction relates to options, futures or derivatives that are expired worthless.

NPAR

No Partial Settlement Allowed

Partial settlement is not allowed.

PART

Partial Settlement

Partial settlement is allowed.

PHYS

Physical

Securities are to be physically settled.

RESI

CSD Payment Only

Relates to transaction on a security that is not eligible at the Central Securities Depository (CSD) but for which the payment will be enacted by the CSD.

RPTO

Reporting

Relates to a transaction that is for reporting purposes only.

SPDL

Special Delivery

Settlement transactions to be settled with special delivery.

SPST

Split Settlement

Money and financial instruments settle in different locations.

UNEX

Unexposed

Delivery cannot be performed until money is received.

CUST

Settling as a Custodian

Settlement party is a custodian. It receives/delivers the securities and carries out custodial duties.

SAGE

Settling as an Agent

Party settles trades on behalf of his client for which he also traded.

SPRI

Settling as a Principal

Party settles its own trades.

NRTG

Non-RTGS

Settle through the non-RTGS system. If there is a standing instruction in place for settlement through the RTGS instruction, then this standing instruction is to be ignored.

YRTG

RTGS

Settle through the RTGS system. If there is a standing instruction in place for settlement through the non-RTGS system, then this standing instruction is to be ignored.

NREG

Street Name

Hold the securities in street name. If there is a standing instruction in place to register on receipt, then this standing instruction is to be ignored.

YREG

Register

Register on receipt. If there is a standing instruction in place to hold the securities in street name, then this standing instruction is to be ignored.

NBEN

NCBO

No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of beneficial ownership (CBO), then this standing instruction is to be ignored.

YBEN

CBO

Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of beneficial ownership (NCBO), then this standing instruction is to be ignored.

GROS

Gross Settlement System

Settle money through gross settlement system.

NETS

Net Settlement System

Settle money through net settlement system.

AGEN

Agent

Acting as an agent for tax liability.

PRIN

Principal

Acting as a principal for tax liability.

CLNT

Client Side

Instruction is for a client side transaction.

MAKT

Market Side

Instruction is for a market side transaction.

BLCH

Block Trade Child

Transaction is a block trade child.

BLPA

Block Trade Parent

Transaction is a block trade parent.

144A

Pursuant to 144A

Ownership or transfer of an unregistered security issued, pursuant to US legal restrictions 144A.

NRST

Not Subject to Restrictions

Ownership or transfer of a security that is not subject to restrictions.

RSTR

Subject to Restrictions (not pursuant to 144A)

Ownership or transfer of a security that is subject to restrictions, and not pursuant to 144A.

CADJ

Swap/Substitution

Relates to a repo collateral substitution.

CALL

Repo Call

Relates to a change in the closing or maturity date or the providing of the termination date for an open repo.

PADJ

Principal/Exposure Adjustment

Relates to a principal adjustment.

PAIR

Pair-Off

Relates to a repo that is part of a pair-off.

RATE

Repo Rate

Relates to a change in the repo rate.

ROLP

Rollover

Relates to a repo rollover of a position extending the closing or maturity date.

TOPU

Top-Up

Relates to a cover of securities position due to deficit of collateral following mark to market valuation.

WTHD

Withdrawal

Relates to a return of securities position due to excess of collateral following mark to market valuation.

NSET

Default Settlement System/Method

Settle through the default settlement system/method. If there is a standing instruction in place for settlement through the alternate settlement system/method, then this standing instruction is to be ignored.

YSET

Alternate Settlement System/Method

Settle through the alternate settlement system/method. If there is a standing instruction in place for settlement through the default settlement system/method, then this standing instruction is to be ignored.

NNET

Not Netting Eligible

Settlement instruction is not eligible for netting.

YNET

Netting Eligible

Settlement instruction is eligible for netting.

NCCP

Not CCP Eligible

Settlement instruction is not CCP eligible.

YCCP

CCP Eligible

Settlement instruction is CCP eligible.

NLEG

Letter of Guarantee Not Accepted

Letter of guarantee is not accepted. If there is a standing instruction in place to accept a letter of guarantee, then this standing instruction is to be ignored.

YLEG

Letter of Guarantee Accepted

Letter of guarantee is accepted. If there is a standing instruction in place not to accept a letter of guarantee, then this standing instruction is to be ignored.