What DRIP, Right/EXRI Event, What is Difference between CHOS and VOLU Event type? What is MT564 and MT568, What is EX and Record Date?

Question

Accepted Answer

Answering questions related to DRIP, Right/EXRI Event, CHOS and VOLU Event type, MT564, MT568, EX and Record Date.

DRIP stands for Dividend Reinvestment Plan, where dividends are reinvested to purchase additional shares of the same stock.
Right/EXRI Event refers to the event where a company issues new shares of stock to existing shareholders.
CHOS and VOLU Event type are both related to corporate actions, where CHOS refers to a change in the number of shares outstanding and VOLU refers to a change in the total number of shares.
MT564 and MT568 are both SWIFT messages used in securities transactions, where MT564 is used for corporate actions and MT568 is used for settlement instructions.
EX refers to the ex-dividend date, which is the date on or after which a security trades without a previously declared dividend.
Record Date is the date on which a company determines the shareholders who are eligible to receive a dividend.

Top UBS Security Specialist interview questions & answers