Types of corporate actions
This section illustrates the main types of adjustments related to share capital operations and payment of an extraordinary dividend. Whenever possible, the examples have been taken from real cases. In the "Corporate Actions Policy" is available an introduction on types of adjustment interventions.
More details about the principle underlying all the adjustments on derivative contracts at:
If you want download the Rules of the Markets and the accompanying Instructions click here
The case studies illustrated and the examples provided, notwithstanding their informative nature, derive from the direct experience gained by managing adjustments over the years. The objective of this document is to minimise uncertainty around the way in which the adjustments were adopted by Borsa Italiana, in order to guarantee the utmost transparency of information and remove the distortion effects that may result from an erroneous interpretation of the adjustments adopted.