ISO 20022 · Corporate action event type
PDEFPrefunding
Published definition
Also called partial defeasance. Issuer has money set aside to redeem a portion of an issue and the indenture states that the securities could be called earlier than the stated maturity.
Code set and usage
Corporate action event type contains 67 registered codes. Its exact identifier is ExternalCorporateActionEventType1Code.
Specifies the corporate action event type, as published in an external corporate action event type code set. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.