Entitlement Compensation Rules - Luxembourg

16.06.2011

Bonds

Market compensation basis:Settlement Date
Automatic Compensation Managed by Local CSD:Yes
Restriction on custody events/transaction types:Refer to Service offered by CBL below.
Additional information:
As the majority of Luxembourg securities are settled within CBL, compensation is made according to the Settlement Date rule.
Service offered by CBL:Compensation on income entitlement: please refer to the CBL Customer Handbook.

Bonds deposited in VP Lux

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. The CSD will request compensation only when specifically requested by the participants of its system.
Service offered by CBL:Adjustment is performed based on information received from the CSD.

Equities

Market compensation basis:Trade Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:Refer to Service offered by CBL below.
Service offered by CBL:Compensation on income entitlement: please refer to the CBL Customer Handbook.

Investment funds

Market compensation basis:Trade Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:Refer to service offered by CBL.
Service offered by CBL:Compensation on income and non-income entitlement: please refer to the CBL Customer Handbook.