The CAE packages have entities to modeling Corporate Actions and Events. The domain covers events and actions that may occur during the life of security, ranging from announcements regarding stock offerings, splits, dividends, and so forth, to credit events that are relevant to investors and regulators alike. Corporate actions include actions that require some action on the part of the holder, and in these and some other cases, there are process descriptions for the flow of activities involved.
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| Name | Code | Description |
| Abstention Response | fibo-cae-ce-cae:AbstentionResponse | Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. |
| Advice Of A Possible Action | fibo-cae-ce-cae:AdviceOfAPossibleAction | Advice – action voluntary This includes a number of things, it’s not always clear why these things are here. |
| All Or None Choice Corporate Action | fibo-cae-ce-cae:AllOrNoneChoiceCorporateAction | A Mandator Corporate Action with some choice for the Holder, where the Holder’s options are limited to all of the stated choices or none of them. |
| Annual General Meeting | fibo-cae-ce-cae:AnnualGeneralMeeting | Annual General Meeting. SWIFT = MEET |
| Assimilation Pari Passu | fibo-cae-ce-cae:AssimilationPariPassu | Assimilation. Occurs when securities with different characteristics, eg, shares with different entitlements to dividend or voting rights, become identical in all respects, ie, pari-passu. SWIFT = PARI |
| Attachment Action | fibo-cae-ce-cae:AttachmentAction | The combination of different security types to create a unit. Units are usually comprised of warrants and bond or warrants and equity. Securities may be combined at the request of the security holder or based on market convention. Further NOtes: is there some common term for these (see Detachment event)?; Are there separate scenarios for attachment of different kinds of security. Definition says “usually” Warrant. Probably applies to any fungible securities, whether or not warrants. For example two fungible tranches of a debt issues, that are funged later on in their life. Are these ever notified differently or have different details for warrants, fungible debt etc.? No. the message can relate to any, and the event defined here can be defined in terms of “any” securities. |
| Attachment Notification Message | fibo-cae-ce-cae:AttachmentNotificationMessage | Notification of the combination of different security types to create a unit. |
| Attachment Or Detachment Notification Message | fibo-cae-ce-cae:AttachmentOrDetachmentNotificationMessage | Notification of an action in which the issuer attaches or detaches securities. |
| Bond Action | fibo-cae-ce-cae:BondAction | Some action in relation to a bond, by the Issuer. |
| Bond Default Event | fibo-cae-ce-cae:BondDefaultEvent | Non payment of interest or non payment of debt principal when due. |
| Bond Default Notification | fibo-cae-ce-cae:BondDefaultNotification | Notification of non payment of interest or non payment of debt principal when due. |
| Bond Put Redemption | fibo-cae-ce-cae:BondPutRedemption | Early redemption of a bond at the election of the bondholder subject to the terms and condition of the issue. |
| Bond Put Redemption Instruction | fibo-cae-ce-cae:BondPutRedemptionInstruction | Early redemption of a bond at the election of the bondholder subject to the terms and condition of the issue. |
| Bonus Issue | fibo-cae-ce-cae:BonusIssue | Event in which security holders are awarded additional assets free of payment from the issuer in proportion to their holding. These may be from current profits or may be from accumulated reserves of the company. |
| Bonus Issue Notification | fibo-cae-ce-cae:BonusIssueNotification | Notification of event in which security holders are awarded additional assets free of payment from the issuer in proportion to their holding. |
| Bonus Rights Issue | fibo-cae-ce-cae:BonusRightsIssue | A Rights Issue in which the rights are given to the holders of the referenced shares for free. |
| Bonus Rights Issue Notification | fibo-cae-ce-cae:BonusRightsIssueNotification | Notification of a Bonus Rights Issue, that is a Rights Issue in which the rights are given to the holders of the referenced shares for free. |
| Bonus Share Plan Distribution | fibo-cae-ce-cae:BonusSharePlanDistribution | Event in which shares are issued from the Share Premium Reserve of the company and are considered as a capital distribution rather than a disbursement of income, with different tax implications. SWIFT Definition (adapted above) “Typically found in Australia, shares are issued from the Share Premium Reserve of the company and are considered as a capital distribution rather than a disbursement of income, with different tax implications.” To be researches further. There are certainly Share Plans in Australia, where you can take a dividend as shares. Thewse would be in the nature of Bonus Shares. They are a tradeoff from cash dividends. Other terms to model: A “Scheme of Arrangment” – does this change the capital reserves or is it just another word for restructure. An arrangement with the company’s debtors, and coule potentially change the capital base by converting the debt to shares (see other diagram note with these in). |
| Bonus Share Plan Distribution Notification | fibo-cae-ce-cae:BonusSharePlanDistributionNotification | Notification of issue of shares from the Share Premium Reserve of the company. |
| Call Action | fibo-cae-ce-cae:CallAction | Note this is an Issuer action. |
| Cancellation Of Shares | fibo-cae-ce-cae:CancellationOfShares | The cancellation of shares. Further Notes Only possible with shares not publicly issued i.e. treasury shares |
| Capital Distribution | fibo-cae-ce-cae:CapitalDistribution | An action in which capital of the issuing company is distributed. Trem Orign:SME Reviews |
| Capital Distribution Notification | fibo-cae-ce-cae:CapitalDistributionNotification | Notification of an action in which capital of the issuing company is distributed. |
| Capital Reserves Distribution | fibo-cae-ce-cae:CapitalReservesDistribution | Distribution of capital reserves of the issuing company. Further Notes Distribution comes from earnings and reduces the capital base. REVIEW: How does this differ from CAPG? That is, does this scenario exist outside of funds capital gains distribution? |
| Capital Reserves Distribution Notification | fibo-cae-ce-cae:CapitalReservesDistributionNotification | Notification of distribution of capital reserves of the issuing company. |
| Capitalization Issue | fibo-cae-ce-cae:CapitalizationIssue | A general kind of issue which increases the capital base of the company. Other kinds of issue: Like a Bonus Issue except that it would increase the capital. There could be several events which could be considered as Capitalization Issues. 25 May Later research: Scrip or Bonus issue is seen to be synonymous with this but more accurate. However, we question this – if you have the chance to purchase shares at a particular price (which is a right) would extend the definition of .. 20 July: this could have a broader meaning than Capital reserves Distribution It would include distribution of capital and trying to raise capital by additional capital injection Example: If the company issues bonds, that also changes the capital base. Now to change the capital base, there are two directions, up or down. Bonus issue falls into the above because you are increasing the capital base. A rights issue also increateses the capital base. Distributions of capital has the opposite effect. Paying out cash to reduce those items that are in your reserves. the reserves are greater than you need so you pay out cash on those. Labeling: capitalization implies the creation of capital so only suggests an increase the capital base |
| Capitalization Issue Notification | fibo-cae-ce-cae:CapitalizationIssueNotification | Notification of an issue which increases the capital base of the company. |
| Cash And Securities Response | fibo-cae-ce-cae:CashAndSecuritiesResponse | Response is to take a distribution of both securities and cash as offered. |
| Cash Disbursement Response Message | fibo-cae-ce-cae:CashDisbursementResponseMessage | Notification of response opting to take cash. |
| Cash Dividend Event | fibo-cae-ce-cae:CashDividendEvent | Distribution of cash to shareholders, in proportion to their equity holding. Ordinary dividends are recurring and regular. Shareholder must take cash and is not offered a choice in the form of distribution. |
| Cash Response | fibo-cae-ce-cae:CashResponse | Response is to take cash. |
| Change In Details Notification | fibo-cae-ce-cae:ChangeInDetailsNotification | Information regarding a generic change, eg, change in the terms of an issue, change in the identification of a security, change of board lot, change from global to definitive. |
| Change Of Security Trading Status Event | fibo-cae-ce-cae:ChangeOfSecurityTradingStatusEvent | An event in which the trading status of a tradable security changes. |
| Change Of State Event | fibo-cae-ce-cae:ChangeOfStateEvent | Some event relating to some change of state. |
| Change To Smallest Negotiable Unit | fibo-cae-ce-cae:ChangeToSmallestNegotiableUnit | Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit. SWIFT:SMAL |
| Class Action Proposed Settlement Event | fibo-cae-ce-cae:ClassActionProposedSettlementEvent | Proposed settlement to a class action filing. Situation where interested parties seek restitution for financial loss. |
| Combined Cash And Securities Response Message | fibo-cae-ce-cae:CombinedCashAndSecuritiesResponseMessage | Notification of response opting to take a distribution of both securities and cash as offered. |
| Company Option Event | fibo-cae-ce-cae:CompanyOptionEvent | 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. |
| Consent Denied | fibo-cae-ce-cae:ConsentDenied | Vote not to approve the event or proposal. SWIFT: CONN |
| Consent Granted.1 | fibo-cae-ce-cae:ConsentGranted.1 | Vote to approve the event or proposal. SWIFT: CONY |
| Consent Solicitation | fibo-cae-ce-cae:ConsentSolicitation | Solicitation of shareholders consent. Procedure aimed at obtaining consent of holders to proposal by issuer or a third party without a formal general meeting. |
| Consent Solicitation Communication | fibo-cae-ce-cae:ConsentSolicitationCommunication | Activity in which the issuer of a security, wanting consent, communicates this to the holders, from whom consent would need to be granted. |
| Consent Solicitation Request | fibo-cae-ce-cae:ConsentSolicitationRequest | Solicitation of shareholders consent. |
| Conversion Action | fibo-cae-ce-cae:ConversionAction | Conversion or optional exchange of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price. |
| Conversion Notification | fibo-cae-ce-cae:ConversionNotification | Conversion or optional exchange of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price. |
| Conversion Response | fibo-cae-ce-cae:ConversionResponse | Response of the holder is to convert. SWIFT: Convert (CONV) |
| Conversion Suspension Action | fibo-cae-ce-cae:ConversionSuspensionAction | Suspensiion of conversion of securities generally a couple of weeks before a meeting takes place. SWIFT = SCOP |
| Conversion Suspension Notification | fibo-cae-ce-cae:ConversionSuspensionNotification | Suspensiion of conversion of securities generally a couple of weeks before a meeting takes place. SWIFT = SCOP |
| Corporate Action | fibo-cae-ce-cae:CorporateAction | An event which has some effect on the details or terms of an issued Financial Security or on market perception of the value of that security. |
| Corporate Action Announcer | fibo-cae-ce-cae:CorporateActionAnnouncer | The party which makes the CA announcement. Best label for this? unclear. note that they may be issuers of other stock but they do not have to be. You can initiate a corporate action but you are not the issuer of that security, but the action is still about a particular security. Not all actions are bound to specific to a security/. A n action may impact one or more securities, The actions may require different communications. So we should probably distinguish actions versus communications about events. ADD: Communication. Example: Bell breakout. Sample use case for CAE. |
| Corporate Action Holder Response | fibo-cae-ce-cae:CorporateActionHolderResponse | Response by the Holder of a security, to a previous Offer made by the Issuer. |
| Corporate Action Narrative | fibo-cae-ce-cae:CorporateActionNarrative | A message containing further narrative about some corporate action. This does not relate to any specific kind of action but is an additional stand-alone message. |
| Corporate Action Obligation | fibo-cae-ce-cae:CorporateActionObligation | An obligation related to the holding of a Security. |
| Corporate Action Securities Delivery Obligation | fibo-cae-ce-cae:CorporateActionSecuritiesDeliveryObligation | Some obligation to deliver some security in the thr context of corporate actions. All cash proceeds and security proceeds can be represented a s acontractual obligation. Where does that obligation arise? Usually in the Contract itself – but there may be other answers to this. Defines what has to be delivered. or paid. Entitlement meanwhile is a calculation based on the Contract. |
| Corporate Action Status Message | fibo-cae-ce-cae:CorporateActionStatusMessage | A message which relates to the status of a corporate action. |
| Corporate Change Of Status Event | fibo-cae-ce-cae:CorporateChangeOfStatusEvent | Some change to the status of some security. |
| Corporate Event | fibo-cae-ce-cae:CorporateEvent | Events v Actions Notifiable versus non notifiable. Whether notfiable could be required by statute or by listing rules. Notifiable: Does this apply only to those events compulsory on the issuer? See Tender Offer. In takeover scenarios, the issuer will have actions incumbent o nthem to inform the market (e..g Aus Part B response). Offerer initiates Part A (Takeover Offer) with the details. Akin to a information memorandum or prospectus on the takeover. All interest parties (and non shareholders) have a potential interest, as it has a potential effect on the shares. |
| Corporate Modification Event | fibo-cae-ce-cae:CorporateModificationEvent | Some change in details of some company, which needs to be described for publicly issued securities issued by that company. |
| Coupon Strip | fibo-cae-ce-cae:CouponStrip | Coupon stripping is the process whereby interest coupons for future payment dates are separated from the security corpus that entitles the holder to the principal repayment. |
| Coupon Strip Notification | fibo-cae-ce-cae:CouponStripNotification | Notification that the debt security is to be stripped, that is that interest coupons for future payment dates are separated from the security corpus that entitles the holder to the principal repayment. |
| Court Decision Subsequent Meeting | fibo-cae-ce-cae:CourtDecisionSubsequentMeeting | Meeting following a court decision. |
| Debt Drawing Notification | fibo-cae-ce-cae:DebtDrawingNotification | Redemption in part before the scheduled final maturity date of a security. SWIFT = DRAW |
| Debt Instrument Buyback Notification | fibo-cae-ce-cae:DebtInstrumentBuybackNotification | Notification of an event where det securities are bought back by the issuer. |
| Debt Redenomination | fibo-cae-ce-cae:DebtRedenomination | Event by which the unit (currency and/or nominal) of a debt is restated, eg, a debt in a national currency unit is restated in euro. |
| Detachment Notification Message | fibo-cae-ce-cae:DetachmentNotificationMessage | Notification of separation of components that comprise a security – usually units comprised of warrants and bond or warrants and equity. |
| Determination Event | fibo-cae-ce-cae:DeterminationEvent | An Event in which some amount or other parameter is determined, independently of any other event in which that which was determined is put into use. For example, the event by which interest is determined, as distinct from the event by which interest is paid on a different date or time. |
| Disbursement Response | fibo-cae-ce-cae:DisbursementResponse | Response by a holder to some choice of disbursement method, as offered by the issuer in some corporate action. |
| Disbursement Response Message | fibo-cae-ce-cae:DisbursementResponseMessage | Message conveying the response by a holder to some choice of disbursement method, as offered by the issuer in some corporate action. |
| Disclosure Message | fibo-cae-ce-cae:DisclosureMessage | Disclosure of some fact or facts, by the holder of some security, as a result of some formal requirement imposed upon holders or beneficial owners under some applicable regulation. |
| Dividend Distribution | fibo-cae-ce-cae:DividendDistribution | Any event relating to a dividend payment. |
| Dividend Option | fibo-cae-ce-cae:DividendOption | Distribution of a dividend to shareholder with the choice of payment method. Shareholder must choose the form of payment – stock, cash, or both. |
| Dividend Reinvestment | fibo-cae-ce-cae:DividendReinvestment | Dividend payment where cash dividend is rolled over into additional shares in the issuing company. |
| Drawing | fibo-cae-ce-cae:Drawing | Redemption in part before the scheduled final maturity date of a security. |
| Dutch Auction | fibo-cae-ce-cae:DutchAuction | Similar to a tender offer, a Dutch auction is an action by a party wishing to acquire a particular security. Current holders of the targeted security are invited to make an offer in which they would be willling to sell their holdings. UPDATE THIS DEFINITION: Similar to a tender offer, a Dutch auction is the result of an action by a third party wishing to acquire a particular security. Current holders of the targeted security are invited (and given a message by the issuer) to make an offer in which they would be willling to sell their holdings. OR It might also represent a separate scenario where third parties do this, as per the original SWIFT defition. You can only go to the Registrar which would the other scenario impossible. Agents and Registrars: The issue issuer os the company which issued the shares (as modeled); Most companies don’t interact directly with the market to find out who they need to disseminate the info to. They can, but more likely the employ “Issuers Agent”. That provides one point of contact from the organization. That agent handles all coms with the Registrars, and to the news wires etc., to disseminate the corporate action. Context: CAE only, or in the context of the Issue? When you issue the security you nominate an Agent, in the prospectus, there is specified an Issuing Agent. This is the one that does these things. Usually a merchant bank etc. in the old days. This is who will have directly facilitated that direct market engagement. Next question: This is part of going public, so these agents are appointed as part of going public. |
| Dutch Auction Notification | fibo-cae-ce-cae:DutchAuctionNotification | Notification of a Dutch auction, that is an action by a party wishing to acquire a particular security. Under the terms of this offer, current holders of the targeted security are invited to make an offer in which they would be willling to sell their holdings. |
| Event Announcement.1 | fibo-cae-ce-cae:EventAnnouncement.1 | The announcement |
| Ex Post Notification | fibo-cae-ce-cae:ExPostNotification | Notification of an event that is expected or unexpected and has happened. |
| Exchange Offer | fibo-cae-ce-cae:ExchangeOffer | Exchange offer; Capital reorganisation. Offer to shareholders to exchange their holdings for other securities and/or cash. Exchange offers are usually voluntary. Example: Where the “usually voluntary” comes in is that Announcement Payout Option 1: Cash 2. Stocks 3. Cash and Stock Holder picks option 1, 2 or 3 (= 1 & 2). the voluntary aspect is where it’s an Exchange Offer. It’s mandatory to pick one of 1 – 3. Otherwise defaults to cash on payment date. Option Payout Componnet is the terms for the choice. Exchange Offer may be voluntary, not always Mandator With Choice. for example, there are legal qualifications on what is possible. Preceded by Tender Offer. Consequences dependent on scenarios. Once the firm making the offer gets to a given (legally defined) threshold e.g. 90% then they have the right to acquire all of the outstanding shares. An Exchange Offer is therefore a specialization of a Tender Offer. It’s the specialization where the above mentioned requirements have been met. Further detail: Happens in a wider range of circumsntaces. Is soecifically associated with the issuer. this could be voluntary or not. EXOF could be any of the three (mand, vol, man w choice). tendre is always voluntary. |
| Exchange Offer Notification | fibo-cae-ce-cae:ExchangeOfferNotification | Notification of an offer to shareholders to exchange their holdings for other securities and/or cash. |
| Exercise Action | fibo-cae-ce-cae:ExerciseAction | Some action in which spome party decides to exercise some option or some optionality concept. |
| Exercise Ex Change Option Notification | fibo-cae-ce-cae:ExerciseExChangeOptionNotification | Notification of exercise by Holder of an exsting option for shareholders to exchange their holdings for other securities and/or cash. |
| Extraordinary General Meeting | fibo-cae-ce-cae:ExtraordinaryGeneralMeeting | Extraordinary General Meeting |
| Financial Securities Actor | fibo-cae-ce-cae:FinancialSecuritiesActor | Some actor which has some agency in securities issuance or trading, or is some third party in such. |
| Formal Offer | fibo-cae-ce-cae:FormalOffer | Event which is an offer to the holder or potential holder or other intersted party, to enter into a trade which is or would be legally binding on the part of the party making the offer (the offeror). |
| Fund Capital Gains Distribution | fibo-cae-ce-cae:FundCapitalGainsDistribution | Distribution of profits resulting from the sale of securities. Shareholders of Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distributions which are often reinvested in additional shares of the fund. |
| Fund Capital Gains Distribution Notification | fibo-cae-ce-cae:FundCapitalGainsDistributionNotification | Notification of distribution to shareholders of funds, of profits resulting from the sale of securities. |
| Holder Disclosure | fibo-cae-ce-cae:HolderDisclosure | An action by a holder to voluntarily disclose some information. Examples: ENRON Disclosure rules. This is an action by the Holder on discovery of their legal requirement. Is there an Issuer action If so there may be an Issuer action asking for such disclosure. Or this may not exist since at the time of the action the Issuer should know all this. Conclusion: From a CA viewpoint specifically, the Disclosure would be from the holder. |
| Holder Disclosure Message | fibo-cae-ce-cae:HolderDisclosureMessage | An action by a holder to voluntarily disclose some information. |
| Holder Event | fibo-cae-ce-cae:HolderEvent | A CAE event relating to actions on the part of the holder. |
| Holder Initiated Action | fibo-cae-ce-cae:HolderInitiatedAction | Any action initiated by a Holder of a Security. |
| Holder Initiated Instruction | fibo-cae-ce-cae:HolderInitiatedInstruction | A message being an instruction by the holder of some security, made not in response to come choice offered by the issuer, but made on the holder’s own initiative. |
| Holder Response Message | fibo-cae-ce-cae:HolderResponseMessage | A message conveying the Holder’s choice in some Corporate Action. |
| Holder Response To Choice | fibo-cae-ce-cae:HolderResponseToChoice | Instructions consequent upon notifications. Instruction messages – some of these are responses to notifications. May be MT 565 related – has consent Yes, consent No, no action, accept shares, accept cash and securities etc. There are also ones that can be initiated by holders (not in this process step) such as puts. These can be presented without a notification previously having been sense. These are the ones we deided not to classify as “Corporate Actions” as these can be initiated by the holder. As such these are an instruction rather than a notification. |
| Information Event | fibo-cae-ce-cae:InformationEvent | A corporate event which is simply a notification about something. People may wish to respond |
| Instalment Call | fibo-cae-ce-cae:InstalmentCall | Increase of share capital through additional payment on face value of partly-paid shares, with part payments in several instalments. SWIFT = PPMT |
| Instruction Message | fibo-cae-ce-cae:InstructionMessage | A message which embodies some instruction. |
| Interest Payment | fibo-cae-ce-cae:InterestPayment | Payment of Interest to the Holder. Further notes: Are there options on the Holder? Yes, you can opt to be paid in a certain currency. It is not always defined in the security terms. So if the Terms in the Security terms sheet gives you an option, there is a choice for the Holder at this point. Such choices would include: – Currency – Pay in Kind (“Spinoff” or PiK – see PiK corporate Action) Could be mandatory. If there were an option then the letter announcing it would require a response. This is usually stated in the message. Is there a message even if there is no option? Yes. Usually have to generate the events artificially as the Servicing organization. you can’t rely on a feed or message coming in but because it is part of the security contract the above has to generate at the expected time, and arrange the payments. Q: That is the point at there was a choice you would expect to see a message, or end up still having to generate it but with the choices. A: The ones with Choices come as announcements and don’t ave to be generated by the Service. Older definitin (re-scoped now: An Event in which a payment occurs. Anything can have a payment event. If a thing hits a pay date, whether it’s voluntary or mandatory, that’s a payment event. Divide into: Securities Cash Combination Payment or Distribution? Are these exclusive? Take an event that’s always a combination of options, and an option is a combination of payouts. Generates transactions – determine what txns happen when a customer chooses that option. Distribution / delivery: generic concept Payment – implis cash distribution. So payment is specialization of distribution. |
| Interest Payment Action | fibo-cae-ce-cae:InterestPaymentAction | Regular interest payment, only in cash, distributed to holders of an interest bearing asset. According to the terms of the issue, a bondholder may be able to elect the currency interest is paid in. |
| Interest Payment In Kind | fibo-cae-ce-cae:InterestPaymentInKind | Interest payment, in any kind except cash, distributed to holders of an interest bearing asset. SWIFT = PINK |
| Interest Payment With Principal | fibo-cae-ce-cae:InterestPaymentWithPrincipal | A payment of a portion of the principal of an interest bearing asset, in addition to the interest payment. SWIFT = PRII |
| Interest Rate Adjustment | fibo-cae-ce-cae:InterestRateAdjustment | Scheduled change to the coupon rate for a floating or adjustable rate security. |
| Interest Rate Adjustment Notification | fibo-cae-ce-cae:InterestRateAdjustmentNotification | Announcement of the current coupon rate for a floating or adjustable rate security. |
| Issuer Corporate Action | fibo-cae-ce-cae:IssuerCorporateAction | Some corporate action initiated by the issuer of the Security. This is an action which is compulsory on the issuer of the security. |
| Issuer Corporate Action Announcer | fibo-cae-ce-cae:IssuerCorporateActionAnnouncer | The announcer of an event which is also the issuer of the security that the event is about. |
| Issuer Corporate Action Notification Message | fibo-cae-ce-cae:IssuerCorporateActionNotificationMessage | Notification of an action by the issuer of the security. |
| Issuer Formal Offer | fibo-cae-ce-cae:IssuerFormalOffer | An action in which the issuer of the security makes a formal offer. |
| Issuer Formal Offer Notification | fibo-cae-ce-cae:IssuerFormalOfferNotification | Notification of some formal offer by the issuer of the security. |
| Liquidation Event | fibo-cae-ce-cae:LiquidationEvent | Liquidating dividend/Liquidation consist of 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. SWIFT = LIQU |
| Listing Status Delisting Message | fibo-cae-ce-cae:ListingStatusDelistingMessage | Security is no longer able to comply with the listing requirements of a stock exchange and is removed from official board quotation. |
| Management Action | fibo-cae-ce-cae:ManagementAction | An event relating to the management of a company or other concern. |
| Mandatory Cash Dividend Event | fibo-cae-ce-cae:MandatoryCashDividendEvent | Cash dividend with no option. |
| Mandatory Corporate Action | fibo-cae-ce-cae:MandatoryCorporateAction | An event where there are no choice on the part of the Holder. |
| Mandatory Corporate Event Process | fibo-cae-ce-cae:MandatoryCorporateEventProcess | Mandatory corporate event: Action requires an action by the shareholder Corporate action event initiated by the corporation. Participation by shareholders is mandatory (for those relating to shares). |
| Mandatory With Choice Corporate Action | fibo-cae-ce-cae:MandatoryWithChoiceCorporateAction | An event which is going to happen but there are choices to be made by the Holder. |
| Maturity Extension (cae) | fibo-cae-ce-cae:MaturityExtension | As stipulated in a bond’s Terms and Conditions, the issuer or the bondholder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder’s approval. |
| Maturity Extension Notification | fibo-cae-ce-cae:MaturityExtensionNotification | Notification of an extension to the maturity date of a bond by the issuer, in line with existing terms and conditions. |
| Meeting | fibo-cae-ce-cae:Meeting | A Management Event in which stakeholders meet one another either face to face or through some electronic or voice medium, in order to process some management activity (the Agenda). |
| Non Issuer Corporate Action Announcer | fibo-cae-ce-cae:NonIssuerCorporateActionAnnouncer | The announcer of an event which is not the issuer of the security that the event is about. |
| Notification Event | fibo-cae-ce-cae:NotificationEvent | A notification to the shareholders that therre is a corporate action out there. This is distinct from the CA itself. not the same as Event Announcement. There are steps between when the announcement happens and the rest Announcement: at the level of sub custodians. then you gether the people who are affected by the event that’s to come. Then you send the announcement – a notification to the holder, informing them of the options that are available to them. If it’s mandatory these distinctions still happen, but there is no choice. So still announcement is made, then when it effects people you send out notificaiton and collect responses. “EVENT”: two aspects: The event itself Events within the Corporat eAction, e.g. notification, deadline when a responses is due by, payment dates, Define as: lifecycle of the Corporate Action. Sometimes have to re-notify, there may be changes in the life oc the “Corporate Event”. So the Corporate Event is a sequence of events. |
| Odd Lot Offer | fibo-cae-ce-cae:OddLotOffer | Offer by issuer to allow holders of an odd lot of a security to order a commission-free transaction at market price, to sell the odd lot, or to buy an amount of shares which will bring the position to a round lot (board lot). SWIFT = ODLT |
| Odd Lot Sale | fibo-cae-ce-cae:OddLotSale | Sale of odd-lot back to the issuing company. |
| Odd Lot Sale Instruction | fibo-cae-ce-cae:OddLotSaleInstruction | Notification of holder choice to sell odd-lot back to the issuing company. |
| Optional Cash Dividend Event | fibo-cae-ce-cae:OptionalCashDividendEvent | Cash dividend with currency options. This is a dividend payment where payment is mandatorily in the form of Cash. The choice is what currency the cash is to be received in. |
| Ordinary General Meeting | fibo-cae-ce-cae:OrdinaryGeneralMeeting | Ordinary General Meeting SWIFT = OMET |
| Organization Name Change | fibo-cae-ce-cae:OrganizationNameChange | The issuing company changes it’s name. Event shows the change from old name to new name and may involve surrendering physical shares with the old name to the registrar. SWIFT = NAME |
| oversubscription Amount | fibo-cae-ce-cae:oversubscriptionAmount | The amount of additional rights that may be purchased by the holder over and above the initial allocation. Further notes: In addition to a Subscription Price (see the Price term in the Subscription rights term), there is an additional privilege extended to the holders, to subscribe to additional shares. This also is in a certain proportion. This is to catch if not enough rights were subscribed, you may be left with some left over. These can then be given to the over-subscribers. Additional terms: if this exists there is a ratio for this as well. Notes Some people may pass up the right, and another person may pick this up through over-subscription. Therefore there is no oversubscription on a Bonus issue because people are getting it for free. |
| Partial Defeasance Action | fibo-cae-ce-cae:PartialDefeasanceAction | The setting aside by a borrower of cash or bonds sufficient to service the borrower’s debt. |
| Payment Or Interest Payment Action | fibo-cae-ce-cae:PaymentOrInterestPaymentAction | The payment of some mandatory payment as defined in the contractual terms of the security, such as interst payment of amortization. this is income generated to the HOlder because of the security contract. |
| Place Of Incorporation Change | fibo-cae-ce-cae:PlaceOfIncorporationChange | 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. SWIFT = PLAC |
| Post Merger Securities Exchange | fibo-cae-ce-cae:PostMergerSecuritiesExchange | Mandatory or voluntary exchange of an outstanding securities as the result of two or more companies combining assets. Cash payments may accompany share exchange. |
| Post Merger Securities Exchange Notification | fibo-cae-ce-cae:PostMergerSecuritiesExchangeNotification | Notification of mandatory or voluntary exchange of outstanding securities as the result of two or more companies combining assets. |
| Post Merger Securities Exchange only defines Additional | fibo-cae-ce-cae:PostMergerSecuritiesExchange_only_fibo-cae-ce-cae:definesAdditional | A subtype of associative entity ‘defines Additional’ to restrict child entities for the parent, Post Merger Securities Exchange |
| Priority Issue | fibo-cae-ce-cae:PriorityIssue | 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. |
| Put Action | fibo-cae-ce-cae:PutAction | The putting of some debt security back to its issuer by the holder |
| Redemption | fibo-cae-ce-cae:Redemption | Repayment in full of a debt security, investment trust or a preferred stock issue, at stated maturity. SWIFT = REDM |
| Rights Distribution | fibo-cae-ce-cae:RightsDistribution | The distribution of rights to shareholders, in proportion to their equity holding. |
| Rights Distribution Notification | fibo-cae-ce-cae:RightsDistributionNotification | Notification of the distribution of rights to shareholders, in proportion to their equity holding. |
| Rights Exercise Event | fibo-cae-ce-cae:RightsExerciseEvent | Exercising the right to purchase the shares. Furhter Notes: This is an action on the part of the holder. SWIFT: Call/exercise on nil-paid securities/rights resulting from a rights distribution (RHDI) (To be used for the second event in case rights issue is dealt with in 2 events, first event being the RHDI). |
| Rights Issue | fibo-cae-ce-cae:RightsIssue | Some issue of rights to holders. |
| Rights Issue Notification | fibo-cae-ce-cae:RightsIssueNotification | Notification of some issue of rights to holders. |
| Scrip Dividend | fibo-cae-ce-cae:ScripDividend | Dividend paid in the form of scrip (temporary certificate) which represents the company’s promise to pay a cash dividend. Occurs when earnings are sufficient but issuer wishes to conserve cash holdings. Shareholders are not offered a choice. |
| Securities Combination Or Detachment | fibo-cae-ce-cae:SecuritiesCombinationOrDetachment | An event in which a security is split into separate securities or separate seucrities are combined into one security. Includes splits, detachments, attachments and so on. |
| Securities Disbursement Response Message | fibo-cae-ce-cae:SecuritiesDisbursementResponseMessage | Notification of response opting to take the securities offered. |
| Security Action | fibo-cae-ce-cae:SecurityAction | Some action taken with respect to some Security, by the Issuer of that security. THIS IS REDUNDANT |
| Security Delivery Response | fibo-cae-ce-cae:SecurityDeliveryResponse | Response is to take the securities |
| Share Action | fibo-cae-ce-cae:ShareAction | Some action relating to equity shares. Add: relationship to Share |
| Share Buyback Offer | fibo-cae-ce-cae:ShareBuybackOffer | Issuer bid; Reduction of circulation shares; Reverse Rights. Offer by Issuing company to existing shareholders to repurchase the company’s own shares or other securities convertible into shares. |
| Share Buyback Offer Notification | fibo-cae-ce-cae:ShareBuybackOfferNotification | Notification of an offer by the issuing company to existing shareholders to repurchase the company’s own shares or other securities convertible into shares. |
| Share Value Change Action | fibo-cae-ce-cae:ShareValueChangeAction | Event in which there is some change to the value of Shares. |
| Share Value Change Notification | fibo-cae-ce-cae:ShareValueChangeNotification | Notification of a change in the face value of a share. |
| Share Value Decrease Action | fibo-cae-ce-cae:ShareValueDecreaseAction | Reduction of the share capital and face value of a single share. The number of the circulating shares remains unchanged. May include a capital pay-out to shareholder. |
| Share Value Decrease Notification | fibo-cae-ce-cae:ShareValueDecreaseNotification | Notification of a reduction of the share capital and face value of a single share. |
| Share Value Increase Action | fibo-cae-ce-cae:ShareValueIncreaseAction | Increase of the share capital. The face value of the single share is changed without modification of the number of shares in circulation. May include a capital payout to shareholder. |
| Share Value Increase Notification | fibo-cae-ce-cae:ShareValueIncreaseNotification | Notification of an increase of the share capital. The face value of the single share is changed without modification of the number of shares in circulation. |
| Shares Distribution Event | fibo-cae-ce-cae:SharesDistributionEvent | The distribution of shares in response to the exercise of some rights. |
| Shares Premium Dividend Payment | fibo-cae-ce-cae:SharesPremiumDividendPayment | This corporate event pays shareholders an amount in cash issued from the shares premium reserve. It is similar to a dividend but with different tax implications. SWIFT = SHPR |
| Spin Off | fibo-cae-ce-cae:SpinOff | Demerger; Distribution; Unbundling. A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture resulting in an independent company. |
| Stock Dividend | fibo-cae-ce-cae:StockDividend | Dividend paid to shareholders in the form of shares of stock in the issuing company or in another company. Shareholder must take stock and is not offered a choice in the form of distribution. |
| Stock Split | fibo-cae-ce-cae:StockSplit | The increase in a company’s number of outstanding shares of stock without any change in the shareholder’s equity or the aggregate market value at the time of the split. |
| subscription Price | fibo-cae-ce-cae:subscriptionPrice | The price at which the Subscription Rights instrument itself may be purchased. |
| Take No Action Notification Message | fibo-cae-ce-cae:TakeNoActionNotificationMessage | Notification of a Take No Action response. SWIFT: Term: NOAC Definition: “Take no action” |
| Take No Action Response | fibo-cae-ce-cae:TakeNoActionResponse | Take No Action. SWIFT: Term: NOAC Definition: “Take no action” |
| Tax Reclaim Activity | fibo-cae-ce-cae:TaxReclaimActivity | We dont’ have detailed information on what kinds of activities there are, but there may be a broad range of these. For instance, may be giving the issuer’s location, or the rules for tax reclaims. Different rules exist. May set the rules on each action. For instance, It versus Fr, different rules. The CA notificaiton may be setting out the rules on each tax reclaim. Example: Aus: Issuer may make declaration to tax department, that securities are widely issued, this has some effect on withholding etc. Countries may have standing rules fo rreclaims, but may be special rules at an issue action level for large issue action. this would go out as a message (notification) using this message code. Similar to VAT in Canada – as an individual you pay VAT and reclaim it when you leave the country. Fill out a form etc. Then they send the VAT back. Conclusions: A general activity of Tax Reclaim – not formally modeled, just iterated here; notification which is the SWIFT message notoification type. |
| Tax Reclaim Activity Message | fibo-cae-ce-cae:TaxReclaimActivityMessage | Message about some Tax Reclaim activity. SWIFT:”Event related to tax reclaim activities.” |
| Tender Offer | fibo-cae-ce-cae:TenderOffer | Offer made to shareholders, normally by a third party, requesting them to sell (tender) their shares for a specified price usually at a premium over prevailing market prices. Generally, the objective of a tender is to take control of the target company. |
| Tender Offer Notification | fibo-cae-ce-cae:TenderOfferNotification | Notification of an offer made to shareholders, normally by a third party, requesting them to sell (tender) their shares for a specified price usually at a premium over prevailing market prices. |
| Third Party Corporate Action | fibo-cae-ce-cae:ThirdPartyCorporateAction | Some action initiated by some third party to the security, i.e. not the issuer. |
| Third Party Corporate Action Issuer Message | fibo-cae-ce-cae:ThirdPartyCorporateActionIssuerMessage | Message from security issuer, notifying holders of a third party action. |
| Third Party Corporate Action Notification Message | fibo-cae-ce-cae:ThirdPartyCorporateActionNotificationMessage | Notification of a third party corporate action. |
| Third Party Corporate Action Originator Message | fibo-cae-ce-cae:ThirdPartyCorporateActionOriginatorMessage | Message from a third party, notifying holders of a third party action. |
| Third Party Formal Offer Notification | fibo-cae-ce-cae:ThirdPartyFormalOfferNotification | Notification of some third party offer, to the shareholders. |
| Trading Status Active Message | fibo-cae-ce-cae:TradingStatusActiveMessage | Trading in security has commenced or security has been re-activated after a supsension in trading. |
| Trading Status Message | fibo-cae-ce-cae:TradingStatusMessage | A message about trading status. |
| Trading Status Suspended Message | fibo-cae-ce-cae:TradingStatusSuspendedMessage | Trading in the security has been suspended. |
| Voluntary Corporate Action | fibo-cae-ce-cae:VoluntaryCorporateAction | An event with some choice on the part of the Holder. |
| Voluntary Distribution | fibo-cae-ce-cae:VoluntaryDistribution | An action in which funds are distributed voluntarily by the issuer of a security. |
| Vote Against Management | fibo-cae-ce-cae:VoteAgainstManagement | Vote against management. |
| Voting No Action | fibo-cae-ce-cae:VotingNoAction | Option for the account owner not to take part in the event. SWIFT: NOAC |
| Voting Response | fibo-cae-ce-cae:VotingResponse | Some response to a voting activity. |
| Warrant Exercise Action | fibo-cae-ce-cae:WarrantExerciseAction | Option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the issue). Fiurther Notes: Note this is the issuer offering the holders the opportunity to do this exercise, it is not the exercise itself – misnamed in SWIFT. SWIFT = EXWA |
| Worthless Security Booking Out | fibo-cae-ce-cae:WorthlessSecurityBookingOut | Booking out of some worthless security by the Issuer. SWIFT:”Booking out of valueless securities.” |