Corporate action: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "An action with regard to a security — a merger, rights issue, restructuring or similar — whcih obliges a shareholder to make a vote or exercise an election of some kind. C..." |
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{{g}}A [[corporate action]] — in ISDAspeak, a {{eqderivprov|Corporate Event}}, with regard to a [[security]] is an extraordinary event which changes the capital structure of the organisation — for example, a [[merger]], takeover, rights issue, stock split, restructuring — which obliges a shareholder to make a vote or exercise an election of some kind. To be distinguished from a normal [[annual general meeting]] —part of the peacetime governance of any publicly traded company, which, though giving rise to opportunities to vote, is ''not'' regarded as a [[corporate action]] as such. | |||
{{ | [[Corporate action]]s can get tasty in the context of a [[stock lending]] arrangement, if the {{gmslaprov|Borrower}} is [[short]] the security in question on the [[record date]]. | ||
*{{gmslaprov|Corporate actions}} | |||
{{sa}} | |||
*{{gmslaprov|Corporate actions}} under the {{gmsla}} | |||
*{{eqderivprov|Extraordinary Event}} in the {{eqdefs}} | |||
Latest revision as of 13:48, 31 December 2023
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A corporate action — in ISDAspeak, a Corporate Event, with regard to a security is an extraordinary event which changes the capital structure of the organisation — for example, a merger, takeover, rights issue, stock split, restructuring — which obliges a shareholder to make a vote or exercise an election of some kind. To be distinguished from a normal annual general meeting —part of the peacetime governance of any publicly traded company, which, though giving rise to opportunities to vote, is not regarded as a corporate action as such.
Corporate actions can get tasty in the context of a stock lending arrangement, if the Borrower is short the security in question on the record date.