# SpinOff

Used to record a distribution of subsidiary securities to the shareholders of the parent company without a surrender of securities or payment and details related to the spinoff. A spin-off represents a form of divestiture resulting in an independent company

## Example Usage

```typescript
import { SpinOff } from "@apexfintechsolutions/ascend-sdk/models/components";

let value: SpinOff = {};
```

## Fields

| Field                                                                                                                                | Type                                                                                                                                 | Required                                                                                                                             | Description                                                                                                                          | Example                                                                                                                              |
| ------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------ |
| `corporateActionGeneralInformation`                                                                                                  | [components.EntrySpinOffCorporateActionGeneralInformation](../../models/components/entryspinoffcorporateactiongeneralinformation.md) | :heavy_minus_sign:                                                                                                                   | Common fields for corporate actions                                                                                                  |                                                                                                                                      |
| `payDate`                                                                                                                            | [components.PayDate](../../models/components/paydate.md)                                                                             | :heavy_minus_sign:                                                                                                                   | The anticipated payment date at the depository                                                                                       | {<br/>"day": 14,<br/>"month": 5,<br/>"year": 2024<br/>}                                                                              |
| `quantity`                                                                                                                           | [components.EntrySpinOffQuantity](../../models/components/entryspinoffquantity.md)                                                   | :heavy_minus_sign:                                                                                                                   | Corresponds to the position's settled quantity                                                                                       | {<br/>"value": "0.25"<br/>}                                                                                                          |
| `rate`                                                                                                                               | [components.EntrySpinOffRate](../../models/components/entryspinoffrate.md)                                                           | :heavy_minus_sign:                                                                                                                   | The rate at which shares will be disbursed to the shareholder                                                                        | {<br/>"value": "0.25"<br/>}                                                                                                          |
| `recordDate`                                                                                                                         | [components.EntrySpinOffRecordDate](../../models/components/entryspinoffrecorddate.md)                                               | :heavy_minus_sign:                                                                                                                   | The date on which positions are recorded in order to calculate entitlement                                                           | {<br/>"day": 14,<br/>"month": 5,<br/>"year": 2024<br/>}                                                                              |