ExternalCorporateActionEventType1Code
PARI Code: Pari Passu
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PARI means pari passu in the ISO 20022 corporate action event type code set. Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, for example, pari-passu or assimilation. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or may result from outside events, for example, merger, reorganisation, issue of supplementary tranches.
- Code
- PARI
- ISO name
- PariPassu
- Status
- Registered
- Last updated
- 2025-02-28
Official definition
Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, for example, pari-passu or assimilation. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or may result from outside events, for example, merger, reorganisation, issue of supplementary tranches.
Messages and fields that use ExternalCorporateActionEventType1Code
PARI questions
- What does PARI mean in ISO 20022?
- PARI is Pari Passu in the ExternalCorporateActionEventType1Code code set: Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, for example, pari-passu or assimilation. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or may result from outside events, for example, merger, reorganisation, issue of supplementary tranches.
- Where does PARI appear in a message?
- For example in camt.052, element Rpt/Ntry/NtryDtls/TxDtls/RltdCorpActn/EvtTp/Cd.
All ExternalCorporateActionEventType1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.