Entitlement Compensation Rules - Netherlands

22.01.2018

Securities denominated in nominal

Automatic compensation managed by local CSD:

Yes

Detection basis:

  • Record Date
  • Intended Settlement Date

Applicable trade status:

  • matched
  • settled
  • pending
  • partially settled

Detection period:

20 business days after Record Date

Restriction on custody events/transaction types:

Market claims will not be generated for:

  • instructions specifying Opt-out indicator;
  • cash distributions announced in a currency other than EUR;
  • cash distributions resulting in a negative payment, for example, negative interest rate; and
  • the following settlement instructions types: AUTO, CORP, COLI/COLO, ISSU/PLAC, NETT, TRPO, INSP/TURN, OWNE/OWNI

Service offered by CBL:

Adjustment is performed based on information received from the depository.

Securities denominated in units

Automatic compensation managed by local CSD:

Yes

Detection basis:

  • Trade Date
  • Actual Settlement Date
  • Ex-Date
  • Record Date

Applicable trade status:

  • matched
  • settled
  • pending
  • partially settled

Detection period:

20 business days after Record Date

Restriction on custody events/transaction types:

Market claims will not be generated for:

  • instructions specifying Opt-out indicator;
  • cash distributions announced in a currency other than EUR;
  • cash distribution resulting in a negative payment, for example, negative interest rate; and
  • the following settlement instructions types: AUTO, CORP, COLI/COLO, ISSU/PLAC, NETT, TRPO, INSP/TURN, OWNE/OWNI

Service offered by CBL:

Adjustment is performed based on information received from the depository.