Thailand: Pending settlement update IV
Further to Announcements A17153, A18016, A18023, and A18027, Clearstream Banking1 informs customers that the Thailand Clearing House (TCH) will revise the price used to calculate cash settlement of pending settlement positions (PENR), effective
15 October 2019
Impact on customers
The price used for cash settlement when securities with PENR are 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; or
- 130% of the highest trading price of such security, counting from trade date until one business day before cash settlement date, whichever is highest.
When the securities with PENR are 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; or
- 130% of the highest trading price of such security, counting from trade date until one business day before cash settlement date, whichever is highest.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking 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.