Enhanced processing of Dividend Reinvestment with choice (DRIP CHOS) corporate action event
As part of its continuous improvement to comply with the Securities Market Practice Group (SMPG) standards and the Single Corporate Action Rulebook (SCoRE), Clearstream Banking1 will enhance its processing of dividend reinvestments, effective
16 June 2025
Clearstream Banking will process DRIP CHOS events with interim securities if announced by the market (instead of DVOP).
Clearstream Banking will continue sending Dividend Option (DVOP) events where applicable.
Where market claims and transformations apply, those will be detected and triggered as per market practice.
Impact on clients
Clients will receive a distribution of interim securities via MT564 Intermediate Securities Distribution Type (RHDI) qualifier (Seq. D - Corporate Actions Details), :22F::RHDI (Intermediate Securities Distribution Type), DRIP (Dividend Reinvestment).
The above message will be followed by another MT564 Notification DRIP CHOS event with options SECU or CASH.
Reporting
Important note: Clients should update their current subscriptions to include CAEV DRIP, if not yet in place, as this will not be done automatically.
Further information
For further information, please contact the Clearstream Connectivity Helpdesk or your Relationship Manager.
------------------------------------------
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, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
