Record date for the mandatory reorganisation events
Clearstream Fund Centre1 informs clients that effective
16 June 2025
the mandatory presence of the Record Date in all corporate action notifications in relation to the mandatory reorganisation events, as required by the corporate action standards, will be ensured following the below rules:
- When the Record Date information (value or unknown) is provided by the agent/market, the same value is populated in the relevant field, :98a::RDTE// (ISO 15022), <RcrdDt > (ISO20022);
- When the Record Date is not provided by the agent/market or still unknown on payment date -1 business day:
- The value would be defaulted and populated in the relevant field, 98a::RDTE// (ISO15022), <RcrdDt > (ISO20022), and
- An additional narrative about the default rules applied will be provided in the field 70E::ADTX// (ISO15022), AddtlInf/AddtlTxt/AddtlInf (ISO 20022).
List of impacted mandatory reorganisation events:
- Exchange offer (EXOF);
- Reverse Stock Split (SPLR);
- Merger (MRGR);
- Conversion (CONV);
- Tender/Acquisition/Takeover/Purchase offer (TEND);
- Liquidation Payment (LIQU);
- Pari-Passu (PARI);
- Worthless (WRTH).
Corporate action standards
The mandatory presence of the Record date is required by the Corporate Action Joint Working Group (CAJWG) standards and the AMI-SeCo Single Collateral Management Rulebook for Europe (SCoRE) Corporate Action standards.
Further information
For further information, please contact the Connectivity Helpdesk or your Relationship Manager.
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1. Clearstream Fund Centre refers to Clearstream Fund Centre 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-261691.
