Hedge
RIXML 2.5 Element
Contains hedge clauses noting historical business relationships like managing public offerings within specified timeframes or other stock-specific legal clauses. Required Description element with optional code attribute for categorization.
Hedge is a clause that notes if firm acted as manager or co-manager of a public offering of a company within the past three years, or some other stock-specific clause. This section changes less frequently.
Usage
Optional within IssuerSecurityID elements, multiples allowed. Used for less frequently changing disclosures about historical business relationships and standardized legal clauses.
Business Context
Supports regulatory compliance by documenting historical business relationships that could create perceived conflicts of interest, providing transparency about past involvement in securities transactions.
Where It Fits
Canonical Path
Definition
| Type | |
| Namespace | http://www.rixml.org/2017/9/RIXML |
| Min Occurs | 1 |
| Max Occurs | 1 |
Attributes
codestring |
Indicates the publisher defined hedge code for a specific hedge. For example, a publisher may need to disclose a banking relationship with a company, and may call this hedge code A. optional |
Children
Descriptionstring1..1 |
A description of the hedge. requiredSince 2.1 |
Example
<Hedge>
<Description> ... </Description>
</Hedge>Version History
Unchanged since introduction in RIXML 2.1
Semantic Relationships
Contrasts With1 relationship
Disclosure information changes relatively frequently as it covers current involvement, while Hedge information changes less frequently covering historical relationships
RIXML Research Data Dictionary v2.5.1, p.68— Disclosure