Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'corporate action obligation'?

A. An obligation related to the holding of a Security.
B. Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit. SWIFT:SMAL
C. Some obligation to deliver some security in the thr context of corporate actions. All cash proceeds and security proceeds can be represented a s acontractual obligation. Where does that obligation arise? Usually in the Contract itself - but there may be other answers to this. Defines what has to be delivered. or paid. Entitlement meanwhile is a calculation based on the Contract.
D. action initiated by the board of directors of a corporation that affects all shareholders

Answer: An obligation related to the holding of a Security.