Create an Underlying Collateral Coupon Reinvestment Announcement for Buy Sellbacks and Sell Buybacks

In the Create Underlying Collateral Coupon Reinvestment panel, you can add a mandatory announcement for a Buy Sell Back or Sell Buy Back type corporate action.

You can enter this type of corporate action for a Buy Sellback or Sell Buyback position to adjust the coupon of the underlying collateral security. This type of corporate action allows you to define relevant information such as coupon due date, that is, the ex-date of the corporate action for each coupon of the underlying collateral security that needs to be adjusted on the related Buy Sellback or Sell Buyback position.

To manually create a mandatory corporate action announcement for a BSB/SBB position:

1. In Reference Data Center, in the left navigation pane, click Reference Desk > Corporate Actions > Announcements > Create Underlying Collateral Coupon Reinvestment.
   You see the Create Underlying Collateral Coupon Reinvestment panel.

2. Complete the options on the Create Underlying Collateral Coupon Reinvestment panel.

3. Click Submit.
   The system adds the corporate action to the Corporate Action table. It has a transaction type of REINVEST_COLLCPN and a Reason of BUY SELL BACK. You can change a corporate action announcement if it does not have a Released status.

4. If you added a mandatory corporate action announcement, you can set up a mandatory corporate action exclusion to prevent the system from processing a mandatory corporate action for a certain entity.