ConversionTrigger

Primitive - Conversion Trigger Type#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/types/conversion_triggers/ConversionTrigger.schema.json

Description Abstract type representation of required fields require for conversion rights types.

Primitives are Abstract and Should Not be Used for Data. They are used to enforce uniformity in OCF data types - specifically "types" and "objects".

Properties:

Property	Type	Description	Required
type	`Enum - Trigger Type` Description: Enumeration of types of triggers common to various legal rights - e.g. does the satisfaction of a condition trigger an automatic conversion or merely a right to convert? If `UNSPECIFIED`, the system of record cannot represent this data in a structured form. ONE OF: • AUTOMATIC_ON_CONDITION • AUTOMATIC_ON_DATE • ELECTIVE_IN_RANGE • ELECTIVE_ON_CONDITION • ELECTIVE_AT_WILL • UNSPECIFIED	When the trigger condition is met, is the conversion automatic, elective or automatic with an elective right not to convert	`REQUIRED`
trigger_id	`STRING`	Id for this conversion trigger, unique within list of ConversionTriggers in parent convertible issuance's `conversion_triggers` field.	`REQUIRED`
nickname	`STRING`	Human-friendly nickname to describe the conversion right	-
trigger_description	`STRING`	Long-form description of the trigger	-
conversion_right	ONE OF the Following Types/Objs: • schema/types/conversion_rights/ConvertibleConversionRight • schema/types/conversion_rights/WarrantConversionRight • schema/types/conversion_rights/StockClassConversionRight	When the conditions of the trigger are met, how does the convertible convert?	`REQUIRED`

Source Code: schema/primitives/types/conversion_triggers/ConversionTrigger