MT535: (37) Field 22H: Indicator: Corporate Action Option Code Indicator
FORMAT
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Optional in optional subsequence B1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
CAOP |
N |
|
H |
Corporate Action Option Code Indicator |
DEFINITION
This qualified generic field specifies:
CAOP |
Corporate Action Option Code Indicator |
Specifies the corporate action options available to the account owner. |
CODES
Indicator must contain one of the following codes:
CASH |
Cash |
Distribution of cash to holders. |
DRIP |
Drip |
Reinvestment proceeds into securities. |
USAGE RULES
The qualifier CAOP is to be used for investment funds only, whereby the holder has the option to receive the distribution in cash or reinvest in securities.
