In general the default option is decided by the company that issues the corporate action. This default option will be applied if we do not receive any instructions from your side before the deadline. It is up to every bank and intermediary party to keep the same default option or to change the default option. While MeDirect tends to keep the market default option, our team evluates every corporate action to ensure the that the default option is suitable and in the best interest of our clients. MeDirect will always inform you about the default option in the corporate actions notification.