Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'BPUT'?

A. ISO 15022 classifier for corporate actions that involve a decrease in a company's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split
B. ISO 15022 classifier for corporate actions involving information provided by the issuer having no accounting/financial impact on the holder
C. ISO 15022 classifier for corporate actions that occur when securities with different characteristics become identical in all respects
D. ISO 15022 classifier for corporate actions that involve early redemption of a security at the election of the holder subject to the terms and condition of the issue with no reduction in nominal value

Answer: ISO 15022 classifier for corporate actions that involve early redemption of a security at the election of the holder subject to the terms and condition of the issue with no reduction in nominal value