Entitlement Compensation Rules - Denmark
Securities denominated in nominal
Automatic compensation managed by local CSD: | Yes |
Detection basis: |
|
Applicable trade status: |
|
Detection period: | 20 business days after record date only if the trade is unmatched. If the trade is matched customers have unlimited time. |
Restriction on custody events/transaction types: | If the opt-out indicator is specified, no market claims are generated. |
Service offered by CBL: | Adjustment is performed based on the information received from the depository. |
Tax | There is always 27% tax on compensation. |
Securities denominated in units
Automatic compensation managed by local CSD: | Yes |
Detection basis: |
|
Applicable trade status: |
|
Detection period: | 20 business days after record date only if the trade is unmatched. If the trade is matched customers have unlimited time. |
Restriction on custody events/transaction types: | If the opt-out indicator is specified, no market claims are generated. |
Service offered by CBL: | Adjustment is performed based on the information received from the depository. |