Transaction Management Rules - Canada

Market Coverage | Canada

Reference

Service level

CBL | 6-series account | CEU OneClearstream

Last Updated

29.05.2026

Market Claims

Overview

CBL

	Internal (CBL-CBL)	Cross-CSD (CBL-CEU)	Domestic (CBL-Domestic C/P)	Bridge (CBL-EB)
Detection	Yes	Yes	Yes	Yes
Compensation	Yes	Yes	Yes	No

CEU

	Internal (CEU-CEU)	Cross-CSD (CEU-CBL)	Domestic (CEU- Domestic C/P)	Bridge (CEU-EB)	T2S Cross CSD (CEU-T2S C/P)
Detection	Yes	Yes	Yes	Yes	n/a
Compensation	Yes ^a	Yes ^a	Yes ^a	No	n/a

a. Market claims and reverse market claims in non-T2S eligible currencies and securities are processed on the corresponding CBL account of the CEU clients.

Detection

Detection period	20 business days after the record date
Eligible assets	All securities
Eligible corporate action events	All distribution events
Eligible transactions for detection	All as of status matched
Detection key dates	Securities in units  Trade date  Ex-date  Record date  Effective/actual settlement date  Securities in nominal  Record date  Intended settlement date Effective settlement date

Processing

Eligible transactions for processing	All as of status settled
Opt-out/Ex/Cum/Hold/Partial indicator	Not supported
Characteristics of generated market claim instructions	Internal and Cross-CSD: Transaction code “CLAI” Status settled  Same trade date as per underlying instruction Settlement date being the payment date of the underlying event	External: Cash and securities proceeds are compensated upon receipt of confirmation from the local agent.
Market specifics	Compensations on domestic transactions are processed upon confirmation from the market and as cash/securities booking on the CBL accounts for non T2S-eligible proceeds. T2S eligible proceeds will be paid on the CEU account.
Tax basis for compensation	Net

Transformations

Overview

CBL

	Internal (CBL-CBL)	Cross-CSD (CBL-CEU)	Domestic (CBL-Domestic C/P)	Bridge (CBL-EB)
Detection	Yes	Yes	Yes	Yes
Cancellation	Yes	Yes	Yes	Yes
Re-instruction	Yes	Yes	Yes	No

CEU

	Internal (CEU-CEU)	Cross-CSD (CEU-CBL)	Domestic (CEU- Domestic C/P)	Bridge (CEU-EB)	T2S Cross CSD (CEU-T2S C/P)
Detection	Yes	Yes	Yes	Yes	n/a
Cancellation	Yes	Yes	Yes	Yes	n/a
Re-Instruction	Yes	Yes	Yes	No	n/a

Detection & Cancellation

Detection period	20 business days after the record date / market deadline
Eligible assets	All securities
Eligible corporate action events	All mandatory reorganisation events
Eligible transactions for detection/cancellation	All as of status matched
Detection key dates	Record date for Mandatory reorgansation events without options Market deadline for Mandatory reorganisation events with options

Processing

Eligible transactions for processing

All as of status matched 

Opt-out/Hold indicator

Opt-out not supported

Hold indicator is supported only for internal instructions

Market specifics

Re-instructions on domestic transactions are processed upon confirmation from the market and as cash/securities booking.

Buyer Protection

Not available