Record date for voluntary corporate actions
Clearstream Banking1 informs customers that for the following voluntary events Tender Offer/Purchase offer (TEND), Repurchase Offer (BIDS) and Exchange Offer (EXOF), the record date will be reported in Sequence D field :98A::RDTE of the MT564 Corporate Action Notification from
18 May 2020
Clearstream Banking will no longer report the record date in the narrative field of an MT564 Corporate Action Notification for these voluntary events.
This change will allow a further automation of the decision management process by Clearstream Banking. The validation of customer instructions in terms of instructed quantity against the eligible position on the record date will be processed in STP mode.
Clearstream Banking will continue to:
- reject instructions with the instructed quantity superior to the eligible position on the record date;
- calculate and report the entitlement based on the eligible position on the record date.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.