Optional Conversions
Optional conversions are treated in the same way as take-over's as alternative codes are usually available which assume the conversion has been taken on the appropriate day during the year.
Conversion Example
An example of how the information lines would appear is illustrated below:
|
PEEL HLDGS |
A-401-324 |
BALANCE B/F |
|
5.25% (NET) CNV CUM PRF GBP1 |
JUL 97 |
OPT. CONVERSION: 35.714 ORD PER 100 PREF |
|
|
JUL 97 |
USE CODE A-401-368 |
In situations where your Client has taken the option to convert you would need to simply substitute Security Code A-401-324 with Security Code A-401-368 within all relevant transactions.