Convertible securities and DR conversions
The attached Conversion Guide provides:
- terms and conditions with respect to procedures for converting Convertible Securities via custody processes;
- terms and conditions with respect to procedures for converting Depository Receipts into the underlying asset via custody processes, that is, the “cancellation” of Depository Receipts;
- the CreationOnline and Xact via SWIFT instruction format specifications for the conversions, from the perspective of each home market.