Scope - Clearstream

Put Option
Event
Proceeds Instruction
Asset Servicing Checklist A
A NNEXES - MARKET PRACTICE BOOK
Holder's option to present some or all of securities during a specific period for payment in cash, to be paid on the Interest Payment Date.
Family/ Grouping Field Name Value Application method Definition Priority
Event - Details of the
Event
Event - Conditional
Event
Instruction - Details
related to Inx
Instruction -
Withdrawal
information
Instruction -
Certification
Corporate Action Event
Description
Put Option (Holder's Option) (blank) Put Option (Holder's Option) M
Redemption Type Final Redemption, Partial Redemption without (blank) It indicates the type of redemption (at maturity , i.e. final redemption, or before
reduction, Partial Redemption with reduction,
Drawing at random, Drawing pro-rata, Call, Put
maturity , i.e. partial redemption, call or put)
Exercise Period Frequency (blank) (blank) Specifies the frequency (occurrence) of the event. E.g. single/ with a frequency/ at M
any time.
Minimum Notice Period [NUMBER] (blank) Min. notice in days the issuer must give to notify of a change. Eg. for a
suspension period, min X days before the occurrence, for a price/ratio change,
min X days before the effective date.
M
Maximum Notice Period [NUMBER] (blank) Max. notice in days the issuer must give to notify the outcome of an event. Eg. if M
the proceed amount is unknown, the issuer will advise Max X days after the fixing
date.
Conditional Event Option Y, N If conditions exist Defines under which circumstances an option may be exercised C
Event Conditions Free text If conditions defined that prevent conversion / exercise
during specific periods
Notice day count for event
conditions
Specifies the conditions and period/dates during which conversion/exercise rights
may or may not be undertaken
[RULE] If Conditional Event Option = Y Rule that defines the minimum number of days before the start date of the option
period, the issuer will advise if the option goes through or not. Or, if there is a
condition to be fullfilled during the option period (eg. the conversion instructions
will be executed if at least X percent participated to the conversion option), this
field indicates the maximum number of days after the option period the issuer will
advise if the option goes through or not.
C
Period of Action [DATES] (from - to) specific to event (blank) Period (Date and Time) during which the specified option or all options of the CA M
event remain valid.
Agent Deadline (Final) [DATE], [TIME], [TIMEZONE] See ISMAG Recommendation on Agent Deadlines in
"CA Processing".
Last day/time in the location of the Agent by when the Agent will accept
instructions about a given CA event
Agent Deadline (Intraday) [TIME], [TIMEZONE] If American or Asian style warrants, or PUT at any time. Time & Timezone applicable by when the agent needs to receive instructions
See ISMAG Recommendation on Agent Deadlines in
"CA Processing".
about a given CA event to process the same business day, e.g. 15:00 GMT
Exercisable Quantity
(Minimum)
Exercisable Quantity
(Multiple)
Exercise Date Definition
Rule
[QUANTITY] If different from Denomination (Minimum) [for issues in Minimum quantity of securities that must be exercised
nominal], or Minimum Tradeable Size [for issues in
units]
C
[QUANTITY] If different from Denomination (Minimum) [for issues in Minimum multiple quantity of securities that must be exercised
nominal], or Minimum Tradeable Size [for issues in
units]
C
[RULE] If American/Asian style Warrants, and Put 'at any time' Rule that defines the date when the agent executes the instruction, e.g. usually
either the date when both the instruction and notice received by the agent/issuer,
or that date date +1BD, etc. Expected settlement date derived from this.
C
Instruction Withdrawal Flag Y, N (blank) Indicates whether withdrawal of instruction is allowed M
Instruction Withdrawal Rule [RULE] If withdrawal flag = Y. For put options: if frequency is
'at any time'. For Warrants: if 'American/Asian Style'
Instruction Withdrawal
Deadline
Rule that defines when instructions are irrevocable, e.g. once the
notice/instruction has been received by the agent, this becomes irrevocable.
[DATE], [TIME], [TIMEZONE] If withdrawal flag = Y + if different than Agent deadline. Date/time by when instruction withdrawals are permitted
For put options: if frequency is different from 'at any
time'. For Warrants: if 'European/Bermudan Style'.
C
Certification Flag Y, N (blank) Whether or not certification is required from the account owner.
Y: certification required
N: no certification required
Certification Type SNUS, LNUS, QIBC, ACCI, CERR, OTHR,
UNKN
Electronic Certification
Foreseen
If Certification Flag = Y Code indicating the type of certification required.
SNUS Short form Non-U.S. : Beneficial ownership certification under US
securities or tax laws
LNUS Full form Non-U.S. : Beneficial ownership certification under US securities
or tax laws
C
QIBC Qualified buyer : Qualified institutional buyer certification
ACCI Accredited Investor : Accredited investor certification required
C
CERR Certificate required : Physical certificate required
OTHR Other : Specific electronic certification
UNKN Unknown : Required certification type unknown
C
'Y' by Default If Certification Flag = Y. See ISMAG Recommendation
on Paperless Event Processing in "CA Processing".
No paper forms required, electronic certification accepted C
Proceeds - Main Redemption Date [DATE] (blank) Date, prior to Final Maturity, upon which securities can be redeemed in return for M
Proceeds Information
the payment of principal.
Proceeds - Main
Proceeds Ratio
Proceeds - Accrued
interest
Expected Settlement Date
Rule
[RULE] If American or Asian style warrants, or Put options 'at
any time'
Rule that defines the number of business days between the exercise/conversion
date and the expected settlement of securities/cash proceeds
Redemption Price Available Y, N (blank) Indicates whether the redemption price is available, or still to be fixed at a later
date.
Redemption Price [%], [AMOUNT] If Redemption Price Available = Y Code used to specify the percentage or price payable per denomination, i.e. at
par, above par or below par.
Expressed in % for issues in Nominal form, in Amount for issues in Unit form.
Fixing or Valuation Date [DATE] If there is a fixing or valuation to be actioned to The date that will be considered to calculate the parameters and components for C
calculate the settlement amount (and/or cash fraction
amount), for European/Bermuda style Warrants, and for
put options with redemption date(s) if price unknown
calculation of the proceeds amount.
Fixing or Valuation Date
Rule
[RULE] If Fixing/Valuation required to calculate the settlement
amount and/or cash fraction amount
Rule that defines when the fixing or valuation will occur, e.g. X days after exercise C
date.
Fixing or Valuation Method Ratio, Formula If a fixing or valuation is required Method by which the proceeds ratio will be calculated C
Redemption Premium
Amount
[AMOUNT], [CCY] (blank) Cash payment (not interest), in addition to principal, at the redemption of a bond;
may be subject to different rates of taxation. Expressed as an amount per
denomination.
Accrued Interest Flag Y, N (blank) Indicates if the holder is entitled to accrued interest M
Accrued Interest Period
Rule
Asset Servicing Checklists “A”: Final Documentation Fields • May 2010
[RULE] (blank) Rule that defines the period on which the exercising holder will receive the
interest, e.g. from the last interest payment date to, but excluding the exercise
date
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