Entitlement Compensation Rules - Denmark

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:
There are no specific compensation rules and entitlement compensations are executed manually. Clearstream Banking’s depository monitors failed trades and, if a trade fails over a Record Date, the depository pursues the market claim, settles it and advises Clearstream Banking.
Service offered by CBL:Adjustment is performed based on information received from the depository.

Equities

Market compensation basis:Settlement Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction
Additional information:
There are no specific compensation rules and entitlement compensations are executed manually. Clearstream Banking’s depository monitors failed trades and, if a trade fails over a Record Date, the depository pursues the market claim, settles it and advises Clearstream Banking.
Service offered by CBL:Adjustment is performed based on information received from the depository.