coding-schemes.fpml.corporate-action-1-1.xml Maven / Gradle / Ivy
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<gcl:CodeList xmlns:gcl="https://docs.oasis-open.org/codelist/ns/genericode/1.0/" xmlns:doc="http://www.fpml.org/coding-scheme/documentation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://docs.oasis-open.org/codelist/ns/genericode/1.0/ genericode.xsd">
<Annotation>
<Description>
<doc:definition>Defines a scheme of values for specifying the type of corporate
action.</doc:definition>
<doc:publicationDate>2013-07-26</doc:publicationDate>
</Description>
</Annotation>
<Identification>
<ShortName>corporateActionScheme</ShortName>
<Version>1-1</Version>
<CanonicalUri>http://www.fpml.org/coding-scheme/corporate-action</CanonicalUri>
<CanonicalVersionUri>http://www.fpml.org/coding-scheme/corporate-action-1-1</CanonicalVersionUri>
<LocationUri>http://www.fpml.org/coding-scheme/corporate-action-1-1.xml</LocationUri>
</Identification>
<ColumnSet>
<Column Id="Code" Use="required">
<ShortName>Code</ShortName>
<Data Type="token">
<Parameter ShortName="maxLength">63</Parameter>
</Data>
</Column>
<Column Id="Source" Use="optional">
<ShortName>Source</ShortName>
<Data Type="string"/>
</Column>
<Column Id="Description" Use="optional">
<ShortName>Description</ShortName>
<Data Type="string"/>
</Column>
<Key Id="PrimaryKey">
<ShortName>key</ShortName>
<ColumnRef Ref="Code"/>
</Key>
</ColumnSet>
<SimpleCodeList>
<Row>
<Value>
<SimpleValue>Bankruptcy</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by bankruptcy. A legal proceeding involving a
person or business that is unable to repay outstanding debts. The bankruptcy
process begins with a petition filed by the debtor (most common) or on behalf of
creditors (less common). All of the debtor's assets are measured and evaluated,
whereupon the assets are used to repay a portion of outstanding debt. Upon the
successful completion of bankruptcy proceedings, the debtor is relieved of the
debt obligations incurred prior to filing for bankruptcy. The value maps closely
to the ISO code (BRUP) defined as the legal status of a company unable to pay
creditors. Bankruptcy usually involves a formal court ruling. Securities may
become valueless.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>BonusIssue</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a bonus issue. A bonus issue or bonus share
is a free share of stock given to current shareholders in a company, based upon
the number of shares that the shareholder already owns. While the issue of bonus
shares increases the total number of shares issued and owned, it does not change
the value of the company. The value maps closely to the ISO code (BONU) defined
as a bonus, scrip or capitalisation issue. Security holders receive additional
assets free of payment from the issuer, in proportion to their
holding.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>ClassAction</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a Class Action. An action where an
individual represents a group in a court claim. The judgment from the suit is
for all the members of the group (class). The value maps closely to the ISO code
(CLSA) defined as the situation where interested parties seek restitution for
financial loss. The security holder may be offered the opportunity to join a
class action proceeding and would need to respond with an
instruction.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>CreditEvent</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a credit event. A credit event is any
sudden and tangible (negative) change in a borrower's credit standing or decline
in credit rating. A credit event brings into question the borrower's ability to
repay its debt. It is the defining trigger in a credit derivative contract, or
credit default swap. If the borrower experiences a credit event, then the buyer
of the contract must pay the seller an agreed-upon sum to cover the loss. The
value maps closely to the ISO code (CREV) defined as an occurrence of credit
derivative for which the issuer of one or several underlying securities is
unable to fulfill his financial obligations (as defined in terms and
conditions).</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Default</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a default. The failure to promptly pay
interest or principal when due. Default occurs when a debtor is unable to meet
the legal obligation of debt repayment. Borrowers may default when they are
unable to make the required payment or are unwilling to honor the debt. The
value maps closely to the ISO code (DFLT) defined as the failure by the company
to perform obligations defined as default events under the bond agreement and
that have not been remedied.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>EarlyRedemption</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by an early redemption. The value maps closely
to the ISO code (MCAL) defined as the redemption of an entire issue outstanding
of securities, for example, bonds, preferred equity, funds, by the issuer or its
agent, for example, asset manager, before final maturity.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>EquityRights</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by Equity Rights.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Liquidation</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a liquidation. When a business or firm is
terminated or bankrupt, its assets are sold (liquidated) and the proceeds pay
creditors. Any leftovers are distributed to shareholders. The value maps closely
to the ISO code (LIQU) defined as a distribution of cash, assets or both. Debt
may be paid in order of priority based on preferred claims to assets specified
by the security.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Merger</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a merger. Mergers and acquisitions
(abbreviated M&A) is an aspect of corporate strategy, corporate finance
and management dealing with the buying, selling, dividing and combining of
different companies and similar entities that can help an enterprise grow
rapidly in its sector or location of origin, or a new field or new location,
without creating a subsidiary, other child entity or using a joint venture. The
distinction between a "merger" and an "acquisition" has become increasingly
blurred in various respects (particularly in terms of the ultimate economic
outcome), although it has not completely disappeared in all situations. The
value maps closely to the ISO code (MRGR) defined as an offer made to
shareholders, normally by a third party, requesting them to sell (tender) or
exchange their equities.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>ReverseSplit</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a reverse split. A reverse stock split or
reverse split is a process by a company of issuing to each shareholder in that
company a smaller number of new shares in proportion to that shareholder's
original shares that are subsequently canceled. A reverse stock split is also
called a stock merge. The reduction in the number of issued shares is
accompanied by a proportional increase in the share price. The value maps
closely to the ISO code (SPLR) defined as a decrease in a company's number of
outstanding equities without any change in the shareholder's equity or the
aggregate market value at the time of the split. Equity price and nominal value
are increased accordingly.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>SpinOff</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a spin Off. A spin-out, also known as a
spin-off or a starburst, refers to a type of corporate action where a company
"splits off" sections of itself as a separate business. The value maps closely
to the ISO code (SOFF) defined as a a distribution of subsidiary stock to the
shareholders of the parent company without a surrender of shares. Spin-off
represents a form of divestiture usually resulting in an independent company or
in an existing company. For example, demerger, distribution,
unbundling.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>StockReclassification</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a Stock Reclassification.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>StockSplit</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a stock split. A stock split or stock
divide increases the number of shares in a public company. The price is adjusted
such that the before and after market capitalization of the company remains the
same and dilutiondoes not occur. The value maps closely to the ISO code (SPLF)
defined as a distribution of subsidiary stock to the shareholders of the parent
company without a surrender of shares. Spin-off represents a form of divestiture
usually resulting in an independent company or in an existing company. For
example, demerger, distribution, unbundling.</SimpleValue>
</Value>
</Row>
<Row>
<Value>
<SimpleValue>Takeover</SimpleValue>
</Value>
<Value>
<SimpleValue>FpML</SimpleValue>
</Value>
<Value>
<SimpleValue>Corporate action triggered by a takeover. A takeover is the purchase of
onecompany (the target) by another (the acquirer, or bidder). The value maps to
the ISO code (TEND) but is finer grained than TEND which emcompasses
Tender/Acquisition/Takeover/Purchase Offer/Buyback. ISO defines the TEND code as
an offer made to shareholders, normally by a third party, requesting them to
sell (tender) or exchange their equities.</SimpleValue>
</Value>
</Row>
</SimpleCodeList>
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