ABST

Abstain

Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. If the voting right is not executed, it will not be added to the quorum. In this case, code NOAC should be used.

AMGT

Vote Against Management

Vote against management.

BOBD

Beneficial Owner Breakdown Request

Breakdown of beneficial ownership required for withholding tax reclaim event.

BSPL

Bonus Share Plan

Receive equities from the Share Premium Reserve of the company and considered as a capital distribution rather than a disbursement of income with different tax implications (typically found in Australia).

BUYA

Buy Up

Buy additional securities to round up position.

CASE

Cash and Securities

Corporate action option includes a distribution of both cash and securities to holders.

CASH

Cash

Distribution of cash to holders.

CEXC

Consent and Exchange

Vote to consent to change the terms of the securities agreement and to exchange securities.

CONN

Consent Denied

Vote not to approve the event or proposal.

CONY

Consent Granted

Vote to approve the event or proposal.

CTEN

Consent and Tender

Vote to consent to change the terms of the securities agreement and to tender securities for cash.

EXER

Exercise

Exercise intermediate securities or warrants.

LAPS

Lapse

Allow event or entitled security to expire.

MNGT

Vote With Management

Vote with management.

MPUT

Retain

An option that allows a holder to elect to retain their holding, for example, a putable bond.

NOAC

No Action

Option for the account owner not to take part in the event. This would include opt-out for class actions and lodging of dissenters' rights.

NOQU

Non Qualified Investor

The account owner is a Non-Qualified Investor.

OFFR

Proposed Rate

In a remarketing of variable notes, the margin that shareholders can propose in respect of the next interest period.

OTHR

Other

Generic corporate action option to be used in case that no other specific code is appropriate.

OVER

Oversubscribe

Subscribe to more equities than underlying securities position allows.

PROX

Proxy Card

Issue a proxy card in case of voting.

PRUN

Unknown Proceeds

Proceeds not known during election period. The option can result in cash and/or securities.

QINV

Qualified Investor

The account owner is a Qualified Investor.

SECU

Securities Option

Distribution of securities to holders.

SLLE

Sell Entitlement

Sell the intermediate securities.

SPLI

Split Instruction

Option to give a split instruction, for example, a split voting instruction on a meeting.

BUYU

Buy Up

Buy securities up to next whole number.

CINL

Fractional Part for Cash

Receive cash in lieu of fractions.

DIST

Distributed

Take distribution of fractions in the form of securities.

RDDN

Round Down

Round the entitlement down to the last full unit/minimum nominal quantity, fractions are discarded.

RDUP

Round Up

Round up to the next full unit/minimum nominal quantity at no cost.

STAN

Standard

If the fraction is greater than or equal to 0.5 of the resulting security then round up, else round down as specified in the respective RDUP and RDDN codes.

UKWN

Unknown

Characteristics of the disposition of fractions are unknown.

DISS

Dissenter's Rights

Securities' holder has the right to disagree with a mandatory event. This right is not inherent in all offers and therefore must be noted in announcements only when applicable.

ERUN

Restriction Exchange

Exchange of Restricted to Unrestricted (or vice versa).

FCFS

First Come First Served

Securities will be accepted in the order they have been submitted until the target number of quantity sought is reached.

FINL

Final Offer

Final or last offer to holders subject to offer conditions being reached, for example, 50% accepted on a tender.

NDIS

Dissenter's Rights Not Applicable

Dissenter's rights are not applicable for this offer.

PART

Partial Offer

Partial offer.

SQUE

Squeeze Out Bid

Offer launched by a company, in possession of a large number of the shares (90% - 95%) of a company (generally as a result of a tender offer), in order to acquire the remaining shares of that company.

ASVO

Account Servicer Option

Option is offered by the account servicer only.

BOIS

Beneficiary Owner Instruction

Indicates that the holder needs to instruct at beneficiary owner level only.

CAOS

Corporate Action Option Applicability

The option applicability is not subject to the account owner decision but depends on the terms defined by the issuer, for example in the case of Equity Linked Notes or warrants.

COND

Conditional

Feature whereby the holder can elect to place a condition on the acceptance of the option.

MAXC

Maximum Cash

Maximum cash option, may be subject to scaling, as such you may receive a combination of cash and securities outturn.

MAXS

Maximum Securities

Maximum stock option, may be subject to scaling, as such you may receive a combination of securities and cash outturn.

NOSE

No Service Offered Indicator

Feature whereby the holder must elect directly to the issuer's agent (issuer only supported option).

OPLF

Odd Lot Preference

Tender or Exchange with the Odd Lot Preference.

PINS

Previous Instruction Invalidity

Indicates that the previously sent instructions become invalid. It is only applicable after a market deadline extension.

PROR

Pro Ration

Feature whereby the option can be subject to pro ration in case, for example, of over-subscription.

QCAS

Instruct Cash Amount

Feature whereby the holder should only instruct a cash amount.

SHAR

Shareholder Number

Indicates usage of a reference number to identify an investor or a shareholder with the issuer or the registration provider (for instance allocation code).

VVPR

Reduced Withholding Tax

Reduced withholding tax rate applies to the option.

CANC

Cancelled

Option is not valid; it has been cancelled by the market or service provider, and cannot be responded to. Any responses already processed against this option are considered void and new responses will be required.

INTV

Inactive

Option is not active and can no longer be responded to. Any responses already processed against this option will remain valid, for example, expired option.

ACCI

Accredited Investor

The holder of the security has to irrevocably certify that it is an Accredited Investor as defined in US Securities and Exchange Commission Regulation D.

DOMI

Country of Domicile

The holder of the security has to certify his domicile.

FRAC

Fraction Breakdown

Indicates that the rounding rule in the Fraction Disposition component at the option level can be offered at the beneficial owner level.

FULL

Full Beneficial Owner Break Down

The holder of the security has to provide his beneficial owner details for disclosure/instruction purpose.

NCOM

Non-Company Related Person

The holder of the security has to certify he is a Non-Company related person.

NDOM

Country of Non-Domicile

The holder of the security has to certify, in line with the terms of the corporate action, that it is not domiciled in the country indicated.

PABD

(I)CSD participant breakdown

The (I)CSD has to provide its participants' details for disclosure purpose to the issuer/issuer's agent.

PAPW

Beneficial Owner's Paperwork

Indicates if the Beneficial Owner is responsible to fill in the paperwork.

QIBB

QIB Certification

The holder of the security has to irrevocably certify that it is a Qualified Institutional Buyer as defined in US Securities and Exchange Commission Rule 144A.

TRBD

Tax Rate Break Down

The holder of the security has to provide basic details on nominals and associated tax rate to be used by the account servicer.

DIVI

Divisible

All values (including minimum and maximum prices) are divisible by the bid interval.

INCR

Incremental

No values within the bid range are divisible by the bid interval including the minimum and maximum prices. Each value between the minimum and maximum prices is incremented by the bid interval.

MULT

In Multiple

The minimum and maximum prices are not divisible by the bid interval. All successive values between the minimum and maximum prices are in multiples of the bid interval.