Entitlement Compensation Rules - Portugal

15.12.2017

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:

 When Opt-out indicator is specified, no market claims will be generated.

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:

 When Opt-out indicator is specified, no market claims will be generated.

Service offered by CBL:

Adjustment is performed based on information received from the depository.