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

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

A. ISO 15022 classifier for corporate actions by which the unit (currency and/or nominal) of a security is restated
B. ISO 15022 classifier for corporate actions involving parties wishing to acquire a security
C. 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
D. 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

Answer: ISO 15022 classifier for corporate actions by which the unit (currency and/or nominal) of a security is restated