Euronext Securities Porto makes available to Issuers the service of corporate events processing (exercise of ownership rights), called “Corporate actions on stocks”, which can be subdivided into the following categories:
Euronext Securities Porto makes available to Issuers the service of corporate events processing (exercise of ownership rights), called “Corporate actions on stocks”, which can be subdivided into the following categories:
Capital increase by changing the nominal value of securities (mandatory reorganisation) |
Capital increase by bonus shares with increase of securities (securities distribution) |
Capital increase by Subscription (Distribution of rights and a voluntary reorganisation) |
Dividend, Interest and other Income Payments and Redemptions (cash distributions/reorganisations) |
Change of nominal value / Split
(mandatory reorganisation) |
Euronext Securities Porto also detects and generates Corporate Actions on Flows, which include the necessary procedures to ensure that Participants receive the outcome of the processed events to which they are entitled.
Corporate events regarding pending instructions include market claims, transformations and buyer protection.
“Buyer protection is a method to the effect that a buyer who has acquired the right to elect on a Corporate Action (CA) but does not hold the securities yet (i.e. party to a pending transaction), receives the outturn of his choice, by instructing the seller specifying the option(s) chosen. (T2S CASG).”
Buyer Protection in Portugal is done bilaterally, i.e., there must be a bilateral agreement between the both parts of a trade (Manual Buyer Protection).
In a Manual Buyer Protection procedure the buyer of a pending trade sends a Buyer Protection Instruction to the seller specifying which option of the event is to be exercised.
The procedures should be based in the T2S Corporate Actions Standards – Buyer Protection, that include the following:
English Version
English Version
Manual Operativo da INTERBOLSA
Portuguese Version
T2S Buyer Protection Standards
English Version
English Version
Manual buyer protection instruction template
English Version