Mandatory With Choice Corporate Action

From Open Risk Manual

Definition

Mandatory With Choice Corporate Action. A Corporate Action event which is going to happen but there are choices to be made by the Security Holder.

There is usually some default, e.g. if you don't choose by the payment date there is some default e.g. the issue currency. Voluntary differ from this in that the Holder chooses whether to do anything or not.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.