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

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

A. ISO 15022 classifier for corporate actions that involve the distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares
B. ISO 15022 classifier for corporate actions that indicate a failure by the issuer to perform obligations defined as default events under the bond agreement and that have not been remedied
C. 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
D. ISO 15022 classifier for corporate actions that reflect an exchange of holdings for other securities and/or cash

Answer: ISO 15022 classifier for corporate actions that indicate a failure by the issuer to perform obligations defined as default events under the bond agreement and that have not been remedied