BUYU

Buy Up

Buy securities up to next whole number.

CINL

Fractional Part for cash

Receive cash in lieu of fractions.

DIST

Distributed

Take distribution of fractions in the form of securities.

RDDN

Round Down

Round down to the nearest whole number.

RDUP

Round Up

Round up to the nearest whole number.

STAN

Standard

If the fraction is greater than or equal to 0.5 of the resulting security then round up, else round down.

144A

Rule 144A

Exchange of securities into the 144A tranche. Will typically be used in the 'restricted period', i.e. the period when a party can change its holdings between 144A and REGS.

ABST

Abstain

Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. If the voting right is not executed, it will not be added to the quorum. In this case, code NOAC should be used.

AMGT

Vote Against Management

Vote against management.

ATCH

Attach

Combine warrants and bonds or warrants and equities to form unit.

BEAR

Bearer Share Exchange

Exchange from registered shares into bearer shares.

BSPL

Bonus Share Plan

Receive equities from the Share Premium Reserve of the company and considered as a capital distribution rather than a disbursement of income with different tax implications (typically found in Australia).

BUYA

Buy Up

Buy additional securities to round up position.

CASE

Cash and Securities

Election choice includes a distribution of both cash and securities to holders.

CASH

Cash

Distribution of cash to holders.

CEXC

Consent and Exchange

Vote to consent to change the terms of the securities agreement and to exchange securities.

CONN

Consent Denied

Vote not to approve the event or proposal.

CONV

Convert

Convert underlying securities into other securities, not cash.

CONY

Consent Granted

Vote to approve the event or proposal.

CTEN

Consent and Tender

Vote to consent to change the terms of the securities agreement and to tender securities for cash.

DETH

Detach

Separate units into individual securities ,eg, warrants from bonds or warrants from equities.

EXER

Exercise

Exercise intermediate securities or warrants.

LAPS

Lapse

Allow event or entitled security to expire.

MKDW

Mark-Down

Mark Down the global certificate as a result of a corporate action (instruction from ICSDs to common depositories who are holding the global certificate on behalf of the ICSDs.

MKUP

Mark-Up

Mark up the global certificate as a result of a corporate action (instruction from ICSDs to common depositories who are holding the global certificate on behalf of the ICSDs).

MNGT

Vote With Management

Vote with management.

MPUT

Retain

An option that allows a holder to elect to retain their holding, eg, a putable bond.

NOAC

No Action

Option for the account owner not to take part in the event.

NOQU

Non Qualified Investor

The account owner is a Non-Qualified Investor.

OFFR

Proposed Rate

In a remarketing of variable notes, the margin that shareholders can propose in respect of the next interest period.

OTHR

Other

Generic corporate action option to be used in case that no other specific code is appropriate.

OVER

Oversubscribe

Subscribe to more equities than underlying securities position allows.

PROX

Proxy Card

Issue a proxy card in case of voting.

QINV

Qualified Investor

The account owner is a Qualified Investor

REGD

Registered Share Exchange

Exchange from bearer shares into registered shares.

REGS

Regulation S Exchange

Exchange of securities into the Regulation S tranche. Will typically be used in the 'restricted period', i.e. the period when a party can change its holdings between 144A and REGS.

SECU

Securities Option

Distribution of securities to holders.

SLLE

Sell Entitlement

Sell the intermediate securities.

SPLI

Split Instruction

Option to give a split instruction, eg, a split voting instruction on a meeting.

COND

Conditional

Feature whereby the holder can elect to place a condition on the acceptance of the option.

OPLF

Odd Lot Preference

Tender or Exchange with the Odd Lot Preference.

PROR

Pro Ration

Feature whereby the option can be subject to pro ration in case, eg, of over-subscription.

QOVE

Over and Above

Feature whereby the holder can elect a quantity to receive over and above normal ensured entitlement.

QREC

Quantity to Receive

Feature whereby the holder can elect a quantity to receive.

VVPR

Reduced Withholding Tax

Reduced withholding tax rate applies to the option.