Entitlement Compensation Rules - Denmark

01.04.2019

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 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:

  • 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 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.