Scope - Clearstream

MARKET PRACTICE BOOK - CORPORATE ACTIONS
42
Pre event launch – Confidential information
a
b
Initiator/Party Recipient Timing
Issuer
Legal Counsel/
Issuer/ Dealer
Manager/
Arranger/
Trustee (if
applicable)
Dealer
Manager/
Arranger/
Issuer
Issuer/Legal
Counsel/
Dealer
Manager/
Arranger
CA Agent and
Information
Agent
(if relevant)
Agents/
Legal
Counsel/
Trustee (if
applicable)
n/a
n/a
CA Agent
and
Information
Agent
(if relevant)
ICSDs
At discretion of
Issuer
At discretion of
Issuer, but before
the announcement
date/start of
exercise period
At discretion of
Issuer
During the set-up
of the corporate
action event: before
the announcement
date/start of
exercise period
During the set-up
of the corporate
action event: before
the announcement
date/start of
exercise period
Nature of
information
Within scope of
T&C
Within scope of,
and complying
with any
requirements
under, T&C
Defined in the
documentation
relating to the
corporate action
event
Preliminary
information (refer
to point 2.2.1.2.)
Complete
information
(refer to section
2.2.1.3.)
Actions
• Preliminary decision as to corporate
action event
• Appoint Legal Counsel
• Appoint Dealer Manager, CA Agent,
and Information Agent, if needed
• Inform Trustee of corporate action
event (if applicable)
• Agree the structure of the corporate
action event
• Create and agree ancillary
documentation which describes the
corporate action event
Perform any actions required for launch of
the corporate action event, if applicable
Set up the operational aspects of the
corporate action event with the CA Agent
and the Information Agent (if relevant)
before the launch (might also include
ICSDs) (see Annex 6C)
Set up the operational aspects of the
corporate action event with the ICSDs
before the launch (see Annex 6C)