Option Area

The Option bar is opened by default. An information icon appears on the option bar after your firm’s name if external comments exist for this event. Be sure to review these external comments for terms, rates, and additional information regarding this option as well as the event details option and payout information.

The information displayed is different for mandatory and voluntary reorganization events as well as per option type. In general, it displays:

Option summary fields,
A Position bar (for mandatory reorganizations only; expanded by default),
A Payment bar (expanded by default), containing
A Payment Activity bar.

Click the black bar of any option to expand it and display position and position activity information.

Mandatory Event Option Information

The information displayed in the Option summary area for Mandatory Events varies by event type. Columns in this area can include:

Field Name	Definition
Allocated Amount	The amount of the primary allocation. It is only shown if the allocation has already occurred.
Declared Payable Date	The payment date as announced by the issuer or offeror.
DTC Anticipated Payment Date	The date on which DTC expects to allocate.
DTC Cash Rate	The rate of DTC’s cash payout.
DTC Security Rate	The rate of DTC’s security payout.
Net SLN/Repo Position	The net position that represents the Record Date Stock Loan/Repo position activities that occurred during the Interim Monitoring period for this account.
Position	The eligible balance for this option.
Shares Disbursed	The amount of shares that have been disbursed. This amount is only displayed after an allocation has occurred.
Total Cash Due	For cash options, the amount that you can expect to see in cash as a result of this event.
Total Shares Due	For stock options, the number of shares that you can expect to see as a result of this event.

Voluntary Event Option Information

The information displayed in the Option summary area for Voluntary Events varies widely by event type.

Columns in this area can include:

Field Name	Definition
Allocation	The amount that is expected to be allocated as a result of this event.
Basic Subscription Balance	For EXER and OVER options for rights subscriptions, this is the subscription balance. It is only seen when oversubscription is available. Click the number in this column to view a popup window detailing the transactions that contribute to this balance.
Contra-CUSIP	The identifier of the contra-CUSIP involved in this reorg.
DTC Cash Rate	The rate of DTC’s cash payout.
DTC Declared Payable Date	The payment date as announced by DTC.
DTC Price Paid per Product	The generic exercise price or subscription price paid per product.
Price Paid per Product (Oversubscribe)	The price paid per product for the oversubscription.
Estimated Rate Flag	For EXER and OVER options for rights subscriptions, this indicates when the subscription rate is estimated.
Instructed Balance	This is the contra-CUSIP balance that has been instructed upon up to this point in time. Click the number in this column to view details for the voluntary offer instructions that make up the instructed balance.
Oversubscription Balance	For Rights Subscription events, this is the total number of oversubscribed units applicable to the payment or the subscription charge. Click the number in this column to view a popup window detailing the transactions that contribute to this oversubscription balance.
Position	The eligible balance for this option.
Price Paid per Product	The generic exercise price or subscription price paid per product.
Protect Balance	Applies to EXER and OVER options for rights subscriptions. This column is only seen when protects exist. Click the number in this column to view details about the amounts that contribute to this balance.
Subscription Rate	The number of rights needed to buy one full share of stock.
Total Cash Due	The amount that you can expect to see in cash as a result of this event.
Total Subscription Cost	For EXER and OVER options for rights subscriptions, this represents both the basic and oversubscription costs for all instructions for this event. This balance equals the cumulative running total of the basic, oversubscription, and protect charges. It is reduced upon allocation to account uncovered protects and refunded subscription costs due to proration and estimated price decreasing. If the final price increases, the subscription cost increases as well.