What happens if the underlying is subject to a corporate action (such as a takeover or bonus issue)?
Where the underlying share is affected by a corporate action, amendments are likely to be required to any positions, Orders (including Guaranteed Stop-Loss orders or Stop-Loss orders) that refer to that Share. Macquarie will in its sole discretion determine the appropriate adjustment, if any, as Macquarie considers necessary to aim 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.
Related Questions
- What happens if the relevant security is subject to a corporate action (such as a takeover or bonus issue)?
- What happens if the underlying share is subject to a corporate action (such as a takeover or bonus issue)?
- What happens if the underlying is subject to a corporate action (such as a takeover or bonus issue)?
