Entitlement Compensation Rules - Thailand

16.06.2011

Bonds

Market compensation basis:Trade Date rule
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.

Debt securities are due to settle cum-entitlement if settlement is scheduled to occur at the latest one day before the Record Date. For settlement to occur one day before the Record Date, the trade must be executed at the latest one day before the Ex-Date, that is, on the Record Date -3 business days (the Ex-Date being defined in this case as the Record Date -2 business days).

In the case of physical receipts of registered securities, CBL’s depository can only claim compensation if the physical certificates have been re-registered in the name of Clearstream Nominees. Where re-registration is not possible (registrar no longer exists; delisted securities; defunct companies etc.), no entitlement compensation will occur.
Service offered by CBL:Adjustment is performed based on information received from the depository.

Equities

Market compensation basis:Trade Date rule
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.

Equities are due to settle cum-entitlement if settlement is scheduled to occur at the latest one day before the Record Date. For settlement to occur one day before the Record Date, the trade must be executed at the latest one day before the Ex-Date, that is, on the Record Date -4 business days (the Ex-Date being defined in this case as the Record Date -3 business days).

In the case of physical receipts of registered securities, CBL’s depository can only claim compensation if the physical certificates have been re-registered in the name of Clearstream Nominees. Where re-registration is not possible (registrar no longer exists; delisted securities; defunct companies etc.), no entitlement compensation will occur.
Service offered by CBL:Adjustment is performed based on information received from the depository.