Thailand: Pending settlement update II
Clearstream Banking1 informs customers that further to Announcements A17153 and A18016, the Thailand Clearing House (TCH) will revise the price used to calculate cash settlement effective
12 February 2018
Impact on customers
The price used for cash settlement when security is not in a corporate action’s ex-period is:
- Buy-in price; or
- 130% of the mark-to-market price of the previous business day, whichever is higher.
When the security is in a corporate action’s ex-period, the price used for cash settlement is:
- Buy-in price; or
- 130% of the mark-to-market price of the business day before ex-date; or
- 130% of the mark-to-market price of the previous business day, whichever is highest.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. CBL refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.