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

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

A. ISO 15022 classifier for corporate actions that involve conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio
B. ISO 15022 classifier for corporate actions that involve a public offer where priority is given to existing shareholders
C. 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
D. ISO 15022 classifier for corporate actions that involve a requirement for holders or beneficial owners to disclose their name, location and holdings of any issue to the issuer

Answer: ISO 15022 classifier for corporate actions that involve conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio