Security Masterfile Code Manual

Security Events Codes & Trading Status

Security Status Codes

The three status codes are as follows:

C

=

Coded

T

=

Available for trading and settlement

D

=

Defunct

The precise significance of each status is explained as follows.

Coded status:

This status is used for securities that have only skeleton data on file, and for special items that are not available for the reporting of trades through The Stock Exchange Settlement system. The event codes associated with the status do not describe true events, but it is convenient to consider them as event codes.

Available for trading and settlement status:

This status is used for all securities in which bargains may be dealt with between Stock Exchange Member Firms under the provision of Rule 535, and which have sufficient data on file for these bargains to be handled by The Stock Exchange’s central settlement system. The event codes associated with this status mainly indicate security description changes that do not affect the code number used to identify the security.

Defunct status:

An item and its code number on the file may cease to be required or serviced. Of the item is a security, trading in a new version may continue under a new code number. An item can be made defunct only if an event associated with the defunct status has occurred, otherwise it remains coded or available for trading and settlement.

Security Event Codes for Coded Status

Coded

C DA

=

New issue data available:

C DC

=

New issue data confidential:

C ML

=

Multiple listing:

C ND

=

No Stock Exchange dealings allowed:

C NH

=

Insufficient settlement data:

C TX

=

Text item:

C XX

=

Spare code:

Security Event Codes for Trading and Settlement Status

Trading

T CA

=

Conversion rights altered:

 

T CS

=

Shares converted into stock:

 

T CX

=

Conversion rights expired:

 

T IR

=

Interest rate change:

 

T RG

=

Re-organisation of capital:

Indicates that a simple re-organisation of capital has occurred that involves only this security and is not one of the following events:

  1. call
  2. Consolidation where the number of shares in issue changes.
  3. Subdivision.

As a result, the security description usually changes. A possible example is non-cumulative participating preference shares being reorganised into cumulative preference shares.

The code is also used where two or more of the following events occur simultaneously:

  1. Conversion rights altered (code CA)
  2. Conversion rights expired (code CX)
  3. Share converted into stock (code CS)
  4. Interest rate change (code IR)
  5. Par value change (code PC)
  6. Redemption terms altered (code RT)
  7. Subscription rights altered (code SA)
  8. Stock converted into shares (code SC)

If one of these events occurs on its own, the indicated code is used.

T RT

=

Redemption terms altered:  

T SA

=

Subscription rights altered:

 

T SC

=

Stock reconverted into shares:

 

T LC

=

Listing cancelled

Indicates that the listing of a security has been cancelled as a result f a report by the Quotations Department. Reasons for such action are:

  1. The company no longer feels able to comply with the requirements for listing
  2. The security has been suspended for more than three years.
  3. The market in the shares is too narrow.

The security remains in existence and the 520 or 525 Notice issued will indicate whether applications to make specific bargains under Rules 535(2) or 535(4) (a) may be submitted. If the 520 or 525 Notice makes no mention of specific bargains, the provisions of permanent notice C29 apply.

T LR

=

Listing restored:

 

T LS

=

Listing suspended:

 

T NC

=

Name change:

 

T OK

=

No event:

 

T PC

=

Par value change:

 

T SN

=

Settlement number:

 

T 1K

=

Dealings subject to accrued interest on the basis of 365 days.

 
Security Event Codes for Defunct Status
Defunct

D BC

=

Books finally closed:

 

D CE

=

Coding excision:

Indicates that an item is no longer required because of a decision by Securities Master File. Such a decision may be made for one of the following reasons.

  1. The code number was allocated in error.
  2. An agreed change of coding policy has occurred.

D CL

=

Call:

 

D CN

=

Consolidation:

 

D CV

=

Converted:

 

D CX

=

Conversion rights expired:

 

D NA

=

Information not adequate:

 

D PP

=

Ranking pari passu:

 

D RD

=

Redeemed:

 

D RG

=

Re-organisation of capital:

The code is also used where two or more of the following events occur simultaneously:

  1. Call (code CL)
  2. Consolidation (code CN)
  3. Conversion rights expired (code CX)
  4. Redeemed (code RD)
  5. Repaid (code RP)
  6. Subdivision (code SP)
  7. Subscription rights expired (code SX)

D RN

=

No longer renounceable:

 

D RP

=

Repaid:

 

D SP

=

Subdivision:

 

D SX

=

Subscription rights expired:

 

D TM

=

Takeover or merger:

 

D TX

=

Text item:

Indicates a text item that is no longer required for one of the following reasons:

  1. The issuer or security with which the item is associated is now defunct.
  2. The item itself is no longer required.

D XX

=

Spare code: