Entitlement Compensation Rules - Sweden

16.06.2011

Bonds

Market compensation basis:Settlement Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction
Service offered by CBL:No service offered

Equities

Market compensation basis:Requested Settlement Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction
Additional information:
Unless otherwise stated in CBL’s settlement instructions, the party to which the rights are accrued will be identified by comparison of the agreed Settlement Date with the CSD market Record Date (according to Swedish market rules), as follows:
-Where the agreed Settlement Date occurs on/before the market Record Date, the rights must accrue to the delivering party's custodian institution (the recipient).
-Where the agreed Settlement Date occurs after the market Record Date, the rights must accrue to the delivering party.
-After market Record Date, when the rights accrue to the recipient of the securities, the delivering party’s custodian is responsible for the transfer of the related rights and securities, at its own expense.
-In conjunction with cash dividends, the cash compensation must take place in the same currency, with an amount equal to the amount that the CSD received.
Service offered by CBL:Adjustment is performed based on information received from the depository.