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

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

A. ISO 15022 classifier for corporate actions that involve prolonging the maturity date of a bond
B. 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
C. 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
D. ISO 15022 classifier for corporate actions that offer holders the option to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time

Answer: 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