Table of Terms

switch to abbreviated table of terms

This section shows entitlement rights instruments. These are secutities giving stockholders entitlement to purchase new securities issued by the corporation at a predetermined price (normally less than the current market price) in proportion to the number of securities already owned.

Line Term type Term Definition Synonym Simple Type Related Thing Multiples Business Justification Term Origin Definition Source Consensus Last Modified
1 Thing Allotment Right  Privileges allotted to existing security holders, entitling them to receive new securities free of charge.   Bonus Right.             ISO 10962 = Allotment (Bonus) rights   ISO 10962   Yes  30-Jun-10
2 Parent Is a       Stockholders Rights Instrument         Yes 30-Jun-10
3 Relationship fact number of securities determined by  The formula on how to calculate the number of securities based on the number of these instruments that the holder holds.        Allotment Right Formula     EDMC SMER   EDMC SMER  Conesnsus:Review    30-Jun-10
4 Relationship fact holder  The holder of the Allotment Right, which is an existing holder of the underlying security.        Allotment Right Holder     SR Modeling   SR Draft   Review  30-Jun-10
5 Simple fact Number Of Securities The number of securities based on the number of these instruments that the holder holds.      number      These are determined by a formula.   EDMC SMER   EDMC SMER   Review  30-Jun-10
6 Thing Allotment Right Formula  A formula used to calculate the number of securities for an Allotment Right, based on the number of these instruments that the holder holds.              EDMC SMER   EDMC SMER  Conesnsus:Review     30-Jun-10
7 Parent Is a       Formula           30-Jun-10
8 Simple fact Formula Text    The formula stated as text.      text        EDMC SMER   EDMC SMER   Review  30-Jun-10
9 Thing Allotment Right Holder  The party which is the holder of an allotment right. This is identified as being a party which is also an existing holder of the security identified as the underlying security.              SR Modeling   SR Draft   Review   30-Jun-10
10 Parent Is a       Stockholders Rights Instrument Holder         Review 30-Jun-10
11 Relationship fact identity  The holder of the Allotment Right is identified as a holder of the underlying security.        Security Holder     SR Modeling   SR Draft   Review  30-Jun-10
12 Thing Commodity Warrant  A derivative based on commodities contracts traded on exchanges.           Example: Commodity Warrants Australia (CWA) is a locally owned outfit that has been in business for 18 months. It sells warrants based on 12 commodities and financial markets - crude oil, gold, silver, live cattle, corn, orange juice, soy, coffee, cocoa, the Dow Jones Industrial Average, the NASDAQ Composite Index and the S&P 500 Index   SMER   EDMC SMER   Review   30-Jun-10
13 Parent Is a       Warrant         Yes 30-Jun-10
14 Relationship fact underlying  The underlying of the commodity Warrant is a commodity such as Gold.        Negotiable Commodity     ISO 10962 = Underlying Assets   SMER   Review   30-Jun-10
15 Relationship fact has exercise terms  The exercise terms for the commodity warrant, including the exercise convention which applies and the form of delivery when the warrant is exercised or expires.        Commodity Warrant Exercise Terms   Exercise terms as defined here also cover the automatic exercise of the warrant in the event of its expiry.    SR modeling   SMER   Review  30-Jun-10
16 Thing Commodity Warrant Exercise Terms  Terms setting out how a commodity warrant may be exercised, including the form which delivery takes.              SR modeling   SR Draft   Review   30-Jun-10
17 Parent Is a       Warrant Exercise Terms Set         Review 30-Jun-10
18 Relationship fact delivery  The exercise terms specify that when the warrant expires or is exercised the holder receives cash.        Cash Currency   Review - whether this is always the case or if there can be commodity warrants where exercise in the form of the raw commodity or a commodity futures contract. Neither has been found to date.    SR modeling   SR Draft   Review  30-Jun-10
19 Thing Company Warrant  Warrants which are issued by the issuer of the underlying.   Naked Warrant.             SMER   SMER   Review  30-Jun-10
20 Parent Is a       Warrant         Review 30-Jun-10
21 Disjoint mutually exclusive    A covered warrant is not also a third party warrant as the issuing parties are mutually exclusive.       Covered Warrant         Review 30-Jun-10
22 Relationship fact has exercise terms  The exercise terms for the covered warrant, including the exercise convention which applies and the form of delivery when the warrant is exercised or expires.        Company Warrant Exercise Terms Set   Exercise terms as defined here also cover the automatic exercise of the warrant in the event of its expiry.    SR modeling   EDMC SMER   Review  30-Jun-10
23 Relationship fact underlying  The underlying of the Coverd Warrant. This is a security issued by the issuer of the warrant.       Security     ISO 10962 = Underlying Assets   SMER   Review 30-Jun-10
24 Relationship fact issuer  The party which is the issuer of the Covered Warrant. This is the issuer of the underlying securities.        Underlying Issuer     SR Modeling; FIBIM = Issuer   SR Draft   Review  30-Jun-10
25 Simple fact Ratio    The ratio of warrant units to underlying security units for delivery when the warrant is exercised.      number      FIBIM does not appear to have equivalent term unless the class "ConversionTerms" is intended to be used for data elements for warrants underlyings.    SR Modeling   SMER   Review  30-Jun-10
26 Thing Company Warrant Exercise Terms Set  Terms setting out how a company warrant or naked warrant may be exercised, including the form which delivery takes.              SR modeling   SR Draft   Review   30-Jun-10
27 Parent Is a       Warrant Exercise Terms Set         Review 30-Jun-10
28 Disjoint mutually exclusive          Covered Warrant Exercise Terms         Review 30-Jun-10
29 Relationship fact delivery  The form of delivery when the covered warrant is exercised or expires. This takes the form of delivery of the underlying securities.        Security     SR modeling   SR Draft   Review  30-Jun-10
30 Thing Covered Warrant  Warrants which are issued by a holder of the underlying and not by the issuer.    Third Party Warrant.           These settle as securities.   ISO 10962 = Covered Warrants   SMER   Review  30-Jun-10
31 Parent Is a       Warrant         Review 30-Jun-10
32 Disjoint mutually exclusive    A covered warrant is not also a third party warrant as the issuing parties are mutually exclusive.       Company Warrant          Review 30-Jun-10
33 Relationship fact underlying  The underlying of the third party warrant. This is a security issued by someone other than the issuer of the warrant.   The issuer of the warrant is a holder of the warrants used as underlying for this warrant.        Security     ISO 10962 = Underlying Assets   SMER   Review 30-Jun-10
34 Relationship fact has exercise terms  The exercise terms for the third party warrant, including the exercise convention which applies and the form of delivery when the warrant is exercised or expires.        Covered Warrant Exercise Terms   Exercise terms as defined here also cover the automatic exercise of the warrant in the event of its expiry.    SR modeling   EDMC SMER   Review  30-Jun-10
35 Relationship fact issuer  The party which is the issuer of the Third Party Warrant. This is not the issuer of the underlying securities but a third party.        Third Party Warrant Issuer     SR Modeling; FIBIM = Issuer   SR Draft   Review  30-Jun-10
36 Simple fact Ratio    The ratio of warrant units to underlying security units for delivery when the warrant is exercised.      number      FIBIM does not appear to have equivalent term unless the class "ConversionTerms" is intended to be used for data elements for warrants underlyings.    SR Modeling   SMER   Review  30-Jun-10
37 Thing Covered Warrant Exercise Terms  Terms setting out how a Covered Warrant may be exercised, including the form which delivery takes.              SR modeling   SR Draft   Review   30-Jun-10
38 Parent Is a       Warrant Exercise Terms Set         Review 30-Jun-10
39 Disjoint mutually exclusive          Company Warrant Exercise Terms Set          Review 30-Jun-10
40 Relationship fact delivery  The form of delivery when the third party warrant is exercised or expires. This is defined as the underlying financial instrument.       Security   Review action: check that the "or expires" is still true for these warrants. If not, adjust the definition in the parent terms set also.    SR modeling   SR Draft   Action  30-Jun-10
41 Thing Entitlement Rights Instrument  A security giving the holder of that security the entitlement to purchase or sell back to the issuer new securities or some other commodity or instrument at a predetermined price.              FIBIM = Entitlement; ISO 10962 = ENTITLEMENTS (RIGHTS)   SMER   Yes   30-Jun-10
42 Parent Is a       Derivative Contract         Yes 30-Jun-10
43 Parent Is a       Security         Yes 30-Jun-10
44 Simple fact Expiry Date    Legal expiry of the Contract.     date        FIBIM = ExpiryDate   SMER   Yes  30-Jun-10
45 Thing Exchange Traded Warrant  A warrant which is traded on a securities exchange.            This may be any kind of warrant except a (usually) Company Warrant. According to notes on Traditional Wwarrant:   Warrants may be privately issued and may not necessarily be traded on an exchange. (Wikipedia)   SMER   SMER   Review   30-Jun-10
46 Parent Is a       Exchange Traded Security         Review 30-Jun-10
47 Parent Is a       Warrant         Review 30-Jun-10
48 Relationship fact has listing  The listing of the warrant on a securities exchange.        Warrant Listing   Where Warrants are traded on an exchange, this is a regular listing on a regular securities exchange (like equities) and not a derivatives exchange.    SMER   SMER   Review 30-Jun-10
49 Thing Purchase Right  Anti-takeover device that gives a prospective acquiree’s shareholders the right to buy usually shares of the firm or shares of anyone who acquires the firm at a deep discount to their fair market value.           The underlying is usually shares but this not necessarily the case.    ISO 10962 = Purchase rights   ISO 10962   Yes    30-Jun-10
50 Parent Is a       Stockholders Rights Instrument         Yes 30-Jun-10
51 Simple fact Purchase Price    The price at which the holder of the Purchase Right may purchase the underlying security.      price      Definition copied from Purchase Price in Subscription right but not reviewed here.    EDMC SMER; FIBIM = StrikePrice   EDMC SMER   Review  30-Jun-10
52 Thing Stockholders Rights Instrument  A security giving stockholders entitlement to purchase new securities issued by the corporation at a predetermined price (normally less than the current market price) in proportion to the number of securities already owned.            Stockholders may sell these to non stockholders if they wish.   Rights are issued only for a short period of time, after which they expire.    ISO 10962 = Subscription Rights   SMER   Yes   30-Jun-10
53 Parent Is a       Entitlement Rights Instrument         Yes 30-Jun-10
54 Relationship fact issuer  The issuer of the Stockholder Rights instrument.        Stockholders Rights Instrument Issuer     SR Modeling; FIBIM = Issuer   SR Draft   Review  30-Jun-10
55 Relationship fact gives the right to buy  The underlying traded security (equity, bond etc.) which is the subject of the Rights instrument, that is, the instrument to which it confers the rights as described in the definition of that rights instrument type.        Security     ISO 10962 = Underlying assets   SMER   Yes 30-Jun-10
56 Relationship fact holder  The party which is a holder of the stockholder rights Instrument.        Stockholders Rights Instrument Holder   For certain classes of stockholder rights this is also the holder of the underlying security.    SR Modeling   SR Draft   Review  30-Jun-10
57 Simple fact Oversubscribe Option    Option whereby the holders of the rights instrument may get securities in the event that other right holders choose not to subscribe to theirs.      yes/no        SMER   SMER   Review  30-Jun-10
58 Thing Stockholders Rights Instrument Holder  A party which is the holder of a Stockholders Rights instrument.              SR Modeling   SR Draft   Review   30-Jun-10
59 Parent Is a       Security Holder         Review 30-Jun-10
60 Thing Stockholders Rights Instrument Issuer  The party which is the issuer of a Stockholders Rights instrument.            Specializes the term "Issuer" for different instrument classes; this specialization is not present in ISO FIBIM where the term is "Issuer" in each case.    SR Modeling; FIBIM = Issuer   SR Draft   Review   30-Jun-10
61 Parent Is a       Security Issuer         Review 30-Jun-10
62 Thing Subscription Right  Privileges allotted to existing security holders, entitling them to subscribe to new securities at a price normally lower than the prevailing market price.             ISO 10962 = Subscription Rights   ISO 10962   Yes   30-Jun-10
63 Parent Is a       Stockholders Rights Instrument         Yes 30-Jun-10
64 Relationship fact holder  The holder of the Subscription right, which is an existing holder of the underlying security.        Subscription Right Holder     SR Modeling   SR Draft   Review  30-Jun-10
65 Simple fact Purchase Price    The price at which the holder of the Subscription Right may purchase the underlying security.      Price        EDMC SMER; FIBIM = StrikePrice   EDMC SMER   Yes  30-Jun-10
66 Thing Subscription Right Holder  The party which is the holder of a subscription right. This is identified as being a party which is also an existing holder of the security identified as the underlying security.              SR Modeling   SR Draft   Review   30-Jun-10
67 Parent Is a       Stockholders Rights Instrument Holder         Review 30-Jun-10
68 Relationship fact identity  The holder of the Allotment Right is identified as a holder of the underlying security.        Security Holder     SR Modeling   SR Draft   Review  30-Jun-10
69 Thing Third Party Warrant Issuer  A party which is the issuer of a Coverd Warrant. This party is by definition not the issuer of the underlying securities.            Specializes the term "Issuer" for different instrument classes; this specialization is not present in ISO FIBIM where the term is "Issuer" in each case.    SR Modeling; FIBIM = Issuer   SR Draft   Review   30-Jun-10
70 Parent Is a       Warrant Issuer         Review 30-Jun-10
71 Disjoint mutually exclusive          Underlying Issuer          Review 30-Jun-10
72 Thing Traditional Warrant  Financial instruments which permit the holder to purchase or sell back to the issuer a specified amount of a share.           Warrants may be privately issued and may not necessarily be traded on an exchange.   From Wikipedia: A warrant issued with a bond gives the holder the right to purchase equity shares issued by the company that issued the bond with the warrant.    ISO 10962 = Traditional Warrants   SMER   Review   30-Jun-10
73 Parent Is a       Company Warrant         Review 30-Jun-10
74 Relationship fact underlying  The underlying of the Traditional Warrant is a Share in the company which issues the warrant.        Issued Share     ISO 10962 = Underlying Assets   SMER   Review 30-Jun-10
75 Thing Underlying Issuer  A party which is the issuer of a Covered Warrant. This party is by definition the issuer of the underlying securities.            Specializes the term "Issuer" for different instrument classes; this specialization is not present in ISO FIBIM where the term is "Issuer" in each case.    SR Modeling; FIBIM = Issuer   SR Draft   Review   30-Jun-10
76 Parent Is a       Warrant Issuer         Review 30-Jun-10
77 Disjoint mutually exclusive          Third Party Warrant Issuer         Review 30-Jun-10
78 Relationship fact identified as  The Covered Warrant Issuer or Underlying Issuer is identified as the issuer of the underlying security.        Security Issuer     SR Modeling   SR Draft   Review  30-Jun-10
79 Thing Warrant  Financial instruments which permit the holder to purchase or sell back to the issuer a specified amount of a financial instrument, commodity, currency or other during a specified period at a specified price.           Warrants are for any kind of instrument.  Warrants may be privately issued and may not necessarily be traded on an exchange.    ISO 10962 = Warrants   ISO 10962   Yes   30-Jun-10
80 Parent Is a       Entitlement Rights Instrument         Yes 30-Jun-10
81 Relationship fact issuer  The party which is the issuer of the Warrant. This may or may not be the same party as is the issuer of the underlying security, depending on the type of warrant.       Warrant Issuer     SR Modeling; FIBIM = Issuer   SR Draft   Review  30-Jun-10
82 Relationship fact underlying  The underlying of the warrant is the instrument, commodity, index, basket etc. which is used to determine the value of the warrant.        SOME OF Financial Instrument AND Market Referential Parameter AND Negotiable Commodity AND Basket   It may or may not also be the thing which the holder receives when they exercise the option or when it expires, depending on the type of warrant.    ISO 10962 = Underlying Assets   SMER   Review 30-Jun-10
83 Relationship fact has exercise terms  The exercise terms for the warrant, including the exercise convention which applies and the form of delivery when the warrant is exercised or expires.        Warrant Exercise Terms Set   Exercise terms as defined here also cover the automatic exercise of the warrant in the event of its expiry.    FIBIM = OptionStyle type OptionStyleCode   EDMC SMER   Review  30-Jun-10
84 Simple fact Expiry Date    Expiry date of the warrant. This is the last date on which the holder may exercise the right to buy or sell back the underlying security.      date Range:0 to 1     Expiry date does not need to be present if the Warrant has Perpetual Maturity.   FIBIM = ExpiryDate   SMER   Yes  30-Jun-10
85 Simple fact Perpetual Maturity    Whether this is a perpetual warrant, in other words it has no expiry date.      yes/no      This new term (not in ISO FIBIM or CFI) indicates that the three exercise terms identified in FIBIM (American, European and Bermuda) are not exhaustive. Perpetual is a fourth exercise style.    SMER   SMER   Yes  30-Jun-10
86 Simple fact Put Warrant    If Yes, this warrant gives the holder the right to sell the underlying security back to the issuer at a predetermined price; if No, the warrant gives the holder the right to purchase the instrument at the predetermined price (a call warrant).     yes/no      ISO 10962 CFI has term "Call/Put" which has 3 available entries: Call, Put and Call/Put, the latter being intended to signify the two separate semantics of a warrant with both and a warrant with neither. This Yes/No term does not support either meaning for that third option.    ISO 10962 = Call/Put:Put   SMER   Yes  30-Jun-10
87 Thing Warrant Exercise Terms Set  Terms setting out how a warrant instrument may be exercised.   Further Notes  Exercise terms as defined here also cover the automatic exercise of the warrant in the event of its expiry.   These terms include the exercise style  (FIBIM = OptionStyle type OptionStyleCode) and the delivery.              SR modeling   SR Draft   Review   30-Jun-10
88 Parent Is a       Contract Terms Set         Review 30-Jun-10
89 Relationship fact has exercise convention  The exercise convention specified for the Warrant. This may be European, American or Bermuda.        ONE OF European OR Bermuda OR American Exercise Convention   Note that most Warrants may be exercised up to the expiry date, which equates to American exercise convention. The exercise window is then the date from the issue of the warrant to the expiry date.    FIBIM = OptionStyle type OptionStyleCode   EDMC SMER   Review  30-Jun-10
90 Relationship fact delivery  The form of delivery when the warrant is exercised or expires.        Financial Instrument   This is defined as any financial instrument (including cash), and is narrowed down for specific kinds of warrant in their specific exercise terms.    SR modeling   SR Draft   Review  30-Jun-10
91 Thing Warrant Issuer  The issuer of a Warrant. This is defined in terms of what individual entity is the issuer and also what other roles they may or may not play for a specific type of warranty, specifically whether or not they are also the issuer of the underlying, if the underlying is a security.            Specializes the term "Issuer" for different instrument classes; this specialization is not present in ISO FIBIM where the term is "Issuer" in each case.    SR Modeling; FIBIM = Issuer   SR Draft   Review   30-Jun-10
92 Parent Is a       Security Issuer         Review 30-Jun-10
93 Thing Warrant Listing  The listing of a warrant on a securities exchange.   Action: confirm whether all the facts shown for listing of tradable securities generally, apply to the listing of a warrant. Also determine whether any of the terms in Listing need to be specialized or added to for Warrant Listing.             SMER   SMER   Action   30-Jun-10
94 Parent Is a       Security Listing         Review 30-Jun-10