Entitlement Compensation Rules - Singapore

16.06.2011

Bonds

Market compensation basis:Settlement Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction
Additional information:
CBL’s depository proactively seeks to claim or to pay compensation if, based on CBL’s settlement instructions, a trade is to settle cum-entitlement but settlement actually occurs on/after the Record Date.
Service offered by CBL:Adjustment is performed based on information received from the depository.

Equities

Market compensation basis:Trade Date
Automatic Compensation Managed by Local CSD:Yes
Restriction on custody events/transaction types:Applies to all types of custody events/all transaction types except rights issues.
Additional information:
CBL’s depository proactively seeks to claim or to pay compensation if, based on CBL’s settlement instructions, a trade is to settle cum-entitlement but settlement actually occurs on/after the Record Date.
Service offered by CBL:Adjustment is performed based on information received from the depository.