CorporateActionNotificationV13seev.031.001.13

Definition: Standard code to specify the features that may apply to a corporate action option.

Type: OptionFeatures11Code (String)

Allowed Values:

• ASVO (Account Servicer Option): Option is offered by the account servicer only.
• BOIS (Beneficiary Owner Instruction): Indicates that the holder needs to instruct at beneficiary owner level only.
• COND (Conditional): Feature whereby the holder can elect to place a condition on the acceptance of the option.
• MAXC (Maximum Cash): Maximum cash option, may be subject to scaling, as such you may receive a combination of cash and securities outturn.
• MAXS (Maximum Securities): Maximum stock option, may be subject to scaling, as such you may receive a combination of securities and cash outturn.
• NOSE (No Service Offered): Feature whereby the holder must elect directly to the issuer's agent (issuer only supported option).
• OPLF (Odd Lot Preference): Tender or exchange with the odd lot preference.
• CAOS (Option Applicability): Option applicability is not subject to the account owner decision but depends on the terms defined by the issuer, for example in the case of equity linked notes or warrants.
• PINS (Previous Instruction Invalidity): Indicates the previously sent instructions becomes invalid. This is only applicable after a market deadline extension.
• PROR (Proration): Feature whereby the option can be subject to pro ration in case, for example, of over-subscription.
• VVPR (Reduced Withholding Tax): Reduced withholding tax rate applies to the option.
• QCAS (Instruct Cash Amount): Feature whereby the holder should only instruct a cash amount.
• SHAR (Shareholder Number): Indicates usage of a reference number to identify an investor or a shareholder with the issuer or the registration provider (for instance allocation code).