Data Table for Payment in Kind - Bonds

Payment In Kind – Bond corporate action messages require Event Type (tag 55) set to PIKBOND for message routing to the correct XML processing rule.

The following table describes the required and optional data fields for Payment in Kind Bonds.

Tag # – Tag Name	Required/Optional	Data Type	Value/Description of Field

Tag # – Tag Name	Required/Optional	Data Type	Value/Description of Field
1076 – Update Indicator	Required	CHAR	Y/N indicator used within message stream process. Valid values: Y = Update N = New Record B = Both. Check for existing match. If found, update record; else insert.
55 – Event Type	Required – defaults on panel. Used by message stream for identification of the event. Must be PIKBOND	CHAR	Used for STAR processing.
1432 – From XReference ID Type	Required	CHAR (30)	Security identifier type (CUSIP, ISIN, SEDOL) – Code Value.
14 – From XReference ID	Required	CHAR (100)	Security identifier.
4003 – Original Source	Optional	VARCHAR2 (15)	Original Source of the announcement.
1695 – Client Specific ID	Optional	VARCHAR2 (50)	Client generated ID for corporate action event.
1264 – From Pre Action Price	Optional	NUMBER (28,12)	Price pre spin-off for From Security. Used In the Fair Market Value Report.
319 – From Post Action Price	Optional	NUMBER (28,12)	Price post spin-off for From Security. Used In the Fair Market Value Report
1728 – Corporate Action Type	Required	VARCHAR2 (50)	PIK BOND.
65 – Ex Date	Required	DATE	Event ex date.
1694 – Record Date	Optional	DATE	Record date of the event.
1260 – Announcement Date	Optional	DATE	Announcement date of the event.
1275 – Pay Date	Required	DATE	Pay Date of the event.
54 – Corporate Action Status	Required	VARCHAR2 (2)	Valid values: RD = Released PD = Pending IC = Incomplete
3961 – Corporate Action Sub Priority	Required	INTEGER	Defaults to 1. Priority used if there are multiple events on the same day.
1734 – Mandatory / Voluntary Indicator	Required	CHAR (2)	Defaults to M. Mandatory or Voluntary event indicator. Valid values: M = Mandatory V = Voluntary
1197 – Sweep Date	Optional	DATE	Ability to override message stream logic for setting a date.
1740 – Corporate Action Notes	Optional	VARCHAR2 (255)
1001 – Baby Bond Rate	Optional	NUMBER (28,12)	Rate of Action. This rate is used to determine the amount of baby bond shares the holder will receive.
8012 – Dividend Reclass	Optional	CHAR (10)	Valid Values: Y = Cash Receivable N or NULL = Reclass
3965 – Treatment of Fractional Shares	Required	VARCHAR2 (3)	How Fractional Shares are to be handled. Valid values: E = European N = Post Fractional Shares D = Round Down U = Round Up R = Round to Nearest Whole Share
1692 – Cash Rate	Optional	NUMBER (28,12)	Cash Rate. The rate to compare to the PIK bond coupon to determine the interest payment that is in cash.
1705 – Baby Bond Price	Optional	NUMBER (28,12)	If the Baby Bond Rate is not zero or null, this field is required for a Mandatory CA. The Baby Bond Price field should not be entered for a Voluntary CA.