What happens if the relevant security is subject to a corporate action (such as a takeover or bonus issue)?
Where the relevant security is affected by a corporate action, amendments are likely to be required to any CFDs, Orders or Guaranteed Stop-Loss positions that refer to that security. Macquarie will in its sole discretion determine the appropriate adjustment, if any, as Macquarie considers necessary to preserve the economic equivalence of the rights and obligations of the parties immediately prior to the event. Examples of corporate actions include bonus issues, rights issues, share buybacks, takeovers, and cash returns of capital.
