Corporate action: Difference between revisions

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(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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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. 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]].
{{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.


{{Seealso}}
[[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}}