CorporateActionMovementPreliminaryAdvice002V14seev.035.002.14

Definition: Standard code to specify the additional business process "tax refund" linked to a corporate action event.

Type: AdditionalBusinessProcess10Code (String)

Allowed Values:

• CLAI (Claim Or Compensation): Relates to a claim on the associated corporate action event.
• REVR (Notification Of Reversal): Indicates a preadvice of movement reversal.
• TAXR (Tax Refund): Relates to a tax refund from the authorities on the associated corporate action event.
• PPUT (Partial Mandatory Put Redemption): Partial mandatory exchange of a portion of bonds where the exchanged securities are usually remarketed. The issuer may offer holders the right to retain instead of exchanging their securities. A lottery will be used to determine eligibility for the event.
• PPRE (Partial Pre Funding): Partial pre-funding of a debt instrument prior to maturity drawn through a lottery process. One new security is issued with an earlier maturity date for the refunded (called portion) and the other new security is issued with the original maturity date for the non refunded (remaining) portion. Applicable only in the frame of a partial defeasance corporate action event.
• FPRE (Full Prefunding): Full pre-funding of a debt instrument by the issuer prior to original maturity when the issuer deposits assets in trust. Applicable only in the frame of a partial defeasance corporate action event.
• REAC (Required Action): Proceeds / entitlements of the mandatory event can only be paid if specified action is taken by the account owner.
• INCP (Incentive Premium Payment): The event is a payment of an incentive premium related to the voting conditions prescribed at a general meeting.