RC-Q/HC-Q : Line 1 Reporting Of Perpetual Preferred Stock (Doc ID 2824767.1)

Last updated on DECEMBER 05, 2021

Applies to:

Goal

HC-Q, line 1 consisted of available for securities which ties back to HC line 2.b and Equity Securities with readily determinable FV not held for trading tie which back to HC 2.c.
Perpetual preferred stock that does not have a stated maturity date and cannot be redeemed at the option of the investor, although it may be redeemable at the option of the issuer should also get reported in HC-Q Line 1 similar to HC line 2.c

issue:
Current logic for RC-Q line 1 reports only those Perpetual preferred stock which do not have any embedded options.

Perpetual preferred stock that does not have a stated maturity date and cannot be redeemed at the option of the investor, although it may be redeemable at the option of the issuer should also get reported in HC-Q Line 1
 

Solution

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