What do I need to do in the event of a corporate action? A merger implies the exchange of outstanding securities, initiated by the issuer which may include options. Equity price and nominal value are reduced accordingly. After instruction, you can view your instructions in the “Completed” tab. Partial redemption without reduction of nominal value. (Examples of mandatory corporate actions: spin off, reduction of the par value, forward split, bonus issue, etc.). A disclosure is a requirement for holders or beneficial owners to disclose their name, location, holdings of any issue and other information to the issuer. Mandatory corporate actions are capital market transactions without options (e.g. Available from Monday - Friday: 7am - 8pm; Saturday: 9am - 5pm. A general meeting is a meeting of shareholders held for the election of directors and the transaction of other business. A partial redemption with reduction of nominal value implies the partial redemption of securities before their scheduled final maturity date with reduction of the nominal value of these securities. (Click here for more details) For enquiries, please call our Digital Banking hotline: Singapore: +65-6495 8333 Hong Kong: +852-2971 7111 Monday to Friday: 7am – 8pm; Saturday: 9am – 5pm Director at UBS Hong Kong 143 connections. A round lot is a number of shares used as a standard unit when buying or selling shares on a stockmarket. An exchange implies the exchange of holdings for other securities and/or cash. Option holders are contingent creditors of a company and not members of a company. UBS AG, Hong Kong Branch was formerly known as Swiss Bank Corporation Hong Kong Branch. asset manager) at final maturity. A merger is the combination of two companies into one by either closing the old entities into one new entity or by one company absorbing the other. Search ubs jobs in Hong Kong. You will receive a notification in E-Banking when there is a new corporate action. If you receive SMS alerts/notifications where you have not initiated or authorized, please call our support at: Monday - Friday: 7am - 8pm Saturday: 9am - 5pm, Available from Monday - Friday: 7am - 8pm; Saturday: 9am - 5pm. In E-Banking, go to "Mailbox > Corporate Actions > Completed". Sign in to save Industrial Placement 2021, Global Banking, Hong Kong at UBS. An odd lot sale implies the selling of odd-lots to/from the issuing company, initiated either by the holder of the security or through an offer made by the issuer. Even when the sender appears to be UBS. Participation in the corporate action event is voluntary. Over Subscription: Over subscription will only appear in the "Open" tab after you have fully subscribed to a particular event and if our custodian or market supports it. Ordinary dividends are recurring and regular. demerger, distribution, unbundling). In a bonus issue the issuer distributes additional assets and free of payment to security holders, in proportion to their holding. A common example is renounceable cum rights on a stock, which are attached to a stock and are issued to the original owner free of charge. This website uses cookies to make sure you get the best experience on our website. The objective of the offer is to reduce the number of outstanding equities and securities. UBS Investment Bank provides corporate, institutional and wealth management clients with expert advice, innovative solutions, execution and comprehensive access to international capital markets. Intermediate securities are rights/right securities which are distributed based on an underlying holding (e.g. Rights: The position will be shown as 0 on e-Banking before Ex date as the Rights will only be credited at Ex date. Managing Director, Head of Corporate Finance, China Merchant Bank International Hong Kong 114 connections. This will be sent by postal mail or electronically, depending on your statement preferences. Fudan University View profile View profile badges We will also inform you by push notification, SMS or e-mail, which can be configured in the “Notification” settings within E-Banking. Head of Greater China ECM at UBS Hong Kong 500+ connections. repurchase offers, capital increases, optional dividends). Hello, Friendly people this way. UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland.Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution in the world. shares resulting from a bonus may become fungible after a pre-set period of time or may result from outside events (e.g. A cash dividend is a distribution of cash to shareholders in proportion to their equity holding. If you haven’t issued any instruction(s) by the deadline, the default option will be applied. How do I change instructions for corporate actions. bond issues, medium-term notes. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. A consent is a procedure that aims to obtain consent of holder to a proposal by the issuer or a third party intended to progress an event to the next stage. A reverse stock split is a decrease in a company's number of outstanding equities/shares without any change in the shareholder's equity or the aggregate market value at the time of the split. Once your instruction has been processed, you will receive a separate booking advice statement. An extraordinary general meeting (also: special general meeting) is a shareholders' meeting called by a company to approve a proposed transaction or other matter too important or time-critical to leave to the ordinary annual general meeting. An ordinary general meeting is a meeting of a publicly listed company which is required by law to hold once a year during which the management reports to shareholders on the past year's performance and shareholders vote on major issues such as the election of directors, payment of dividends, etc. UBS, the Swiss bank, is being investigated by the Hong Kong Securities and Futures Commission (SFC) for failing to carry out adequate due diligence before working on share offerings for several Chinese companies. Hong Kong has lost some of its appeal after China imposed a strict security law on the city last year to stamp out anti-government protests. UBS e-banking in Hong Kong; UBS Quotes; Corporate & Institutions. A warrant is a security entitling the holder to buy a proportionate amount of stock at a specified price at some specified future date. This includes shareholders, both common and preferred, as well as bondholders. Watch what some of our colleagues have to say about working at UBS. The bank's latest quarterly statement notes that it is at risk of being suspended from doing business in the city. On September 14, Swiss banking giant UBS held an intimate gathering to unveil their new rehang of its corporate collection in the bank’s Hong Kong headquarters. The company distributes materials relating to corporate finance, foreign exchange, fixed income products and other banking business, and related research in Hong Kong. The corporate actions tool in E-Banking lets you issue instructions for capital market transactions with options. UBS Hong Kong is a licensed bank, division of UBS AG, a Swiss global financial services company headquartered in Basel and Zürich, Switzerland. UBS Neo; UBS Connect; Investment Bank Client Portal; More logins. Amy Lo is Co-Head of Wealth Management Asia Pacific, Head and Chief Executive of UBS Hong Kong, and a Group Managing Director at UBS. You have a maximum of 10 seconds to check the order details and submit the transaction by clicking on "Execute". shares) and which give the holder the right to take part in a future corporate action event as for instance an optional dividend. The ex-date represents the date on which the seller of a security, and not the buyer of a security, will be entitled to a recently announced dividend. For now, corporate actions are only available on e-Banking. A takeover offer is an offer of an acquiring company to the target company's shareholders to buy the target company's shares to gain control of the business. After the deadline, the default option applied, can be seen in the "Completed" Tab as "Expired". UBS Hong Kong is a division of the Swiss-based global financial services company UBS AG. [HONG KONG] Credit Suisse Group and UBS Group are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world's fastest growing major economy relaxed curbs on foreign financial firms. merger, reorganisation, issue of supplementary tranches, etc.)). As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims as specified by the security. ... Financial Sponsors Group, CCS, UBS Hong Kong SAR. Senior Team Head at Bank of China (Hong Kong) ... Christine Ding Head of International Corporate Bank, Greater China at Barclays Corporate Banking Hong Kong SAR. Welcome back. Equity price and nominal value are increased accordingly. Your client advisor will reach out to you in such cases to discuss your election. "Future of" series paints the picture of evolving megatrends in our economy, society and environment, and highlights how investors can be well-positioned for long-term returns. Any event initiated by a company that brings material change to a company, or debt instrument and affects its stakeholders. An interest payment with principal is an event which consists of two components: the decrease of the amortized value of a pool factor security and an interest payment. The acquiring party will buy from the holders with the lowest offers. An interest payment is a contractual debt payment based on the coupon rate of interest and the principal amount, distributed to holders of an interest bearing asset as for instance bonds, notes, debt obligations. You are free to change your cookies' settings in the privacy settings. In some instances option holders may be entitled to vote on and be bound by a scheme of arrangement between the creditors and the company. bonds, preferred equity, funds) by the issuer or its agent (e.g. A stock dividend is a dividend paid to shareholders in the form of equities/shares of the issuing corporation. Additional information about "UBS Portfolio Health Check" and "Further Investment Ideas" Clients of UBS Advice™ are reminded to refer to Section VII of the Investment Services Terms and Conditions and specifically to Clause 3 for information about the criteria applied by the Bank in monitoring the Client's portfolio and the limitations of the service. Shareholders may choose to receive shares or cash. The owner may separate the cum right from the stock and sell it. Voluntary corporate actions are capital market transactions with options (e.g. (Examples of voluntary corporate actions: repurchase offer, takeover offer, class action, capital increase, etc.). A company may not grant options which enable the holder to take up unissued shares at a time which is five or more years from the date of the grant. Associate Director at UBS Investment Bank Beijing, China. In E-Banking, go to “Mailbox > Corporate Actions,” click on an event to view details (including information letters as a PDF) and issue instructions. Following type of offers can be distinguished: tender offer, purchase offer, takeover offer. UBS e-banking allows you to set up SMS and e-mail notifications for various events such as Account Balance and Account Transactions. Nil paid securities are tradeable securities which did not incur any costs on its original owner. You are free to change your cookies' settings in the privacy settings. The pool factor is used to indicate the remaining principal balance and expressed as a factor of 1. These events are generally approved by the company's board of directors; shareholders are permitted to vote on some events.
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