Forward split

Detail	Value
Type	forward_split
Category	basis
Ledger treatment	Quantity and basis adjustment

#What we detect

A multiplier change matching a standing ForwardSplit record whose unit ratio reconciles with the multipliers.

#Evidence required

• A standing record matching both multipliers and the activation time.
• M_old × (toUnits ÷ fromUnits) equals M_new within 4ε. With no published ratio, the factor is derived and a warning says so.

#When evidence is missing or conflicts

• A ratio that does not reconcile: unclassified.
• A split record publishing cash: recognised as fractional cash in lieu, and not booked.

#How it is booked

Units ×factor. The protected floor ×factor. Zero income.

#In practice

NFLXx 10:1, VUGx 6:1, KLACx 10:1, CRWDx 4:1 and others, each reconciled to the issuer unit ratio.

#In the API

• v2: type: "forward_split", treatment: "quantity_basis", with validation, the lifecycle and the evidence on GET /v2/actions/{id}.
• v1: shown as split.