Transaction Management: New transformation process on German reorganisation events
LuxCSD1 informs clients that, effective
24 November 2025
it will change its transformation process on German reorganisation events.
Background
Following the Corporate Events Joint Working Group (CEJWG) standards aiming to harmonise corporate actions processing across Europe, LuxCSD will change its processing of transformations on reorganisation events on the German market.
For the following reorganisation events, settlement instructions which have a trade date after the event record date will not be transformed:
Mandatory reorganisation events
- Reclassification (CHAN);
- Squeeze Out (TEND);
- Exchange offer (EXOF);
- Reverse Stock Split (SPLR);
- Stock Split (SPLF);
- Merger (MRGR);
- Conversion (CONV);
- Redemption (REDM);
- Liquidation Payment (LIQU);
- Pari-Passu (PARI);
- Worthless (WRTH);
- German dividend option event on Cash Line (DVOP).
Clients are requested to contact their counterparty to align on a bilateral basis for their entered, not transformed trades.
Further information
For further information, please contact the LuxCSD Client Services or your Relationship Manager.
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1. LuxCSD refers to LuxCSD S.A., registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.