Securities administration - U.S.A.

20.09.2017

Income collection

Public debt

Market Record date

No standard; usually Payment date -1 or the last business day of the month for payment on 7, 14, 21 or 28 of the following month

Ex-date

No Ex-date

Basis for entitlement

Settlement position on Record date

Standard interest calculation rule

Most common is 30/360; Actual/360 is also used

Corporate bonds

Market Record date

Usually Payment date -1 or the last business day of the month for payment on 7, 14, 21 or 28 of the following month

Ex-date

No Ex-date

Basis for entitlement

Settlement position on Record date

Standard interest calculation rule

30/360, Actual/360

Equities

Market Record date

As determined by the paying agent

Ex-date

Record date -1 if no specific Ex-date is received from the market

Basis for entitlement

Settlement position on Record date

Standard interest calculation rule

Not applicable

Investment funds

Market Record date

Usually Payment date -1 or the last business day of the month for payment on 7, 14, 21 or 28 of the following month

Ex-date

Record date -1 for exchange-traded funds, certain mutual funds and limited partnerships that trade on an exchange and Record date -2 for other investment funds if no specific Ex-date is received from the market

Basis for entitlement

Settlement position on Record date

Standard interest calculation rule

Not applicable

Corporate actions

The most important corporate actions on the US market are: tender offers, mergers, rights issues and exchange offers.

Shareholder meetings

The peak season for AGMs is February to July. Meeting notification is required by law.

Proxy voting

Proxy voting is allowed on the U.S. market. Proxy forms are mailed to the concerned addressee either directly by the company if the stock is held physically or by Broadridge for stock held in DTC, based on record date positions. The investor, investment manager or third party voting agent returns completed proxies to Broadridge (for shares held in DTC) or to the company/proxy solicitor (for shares held physically).

Entitlement is based on settled position at DTC on Record date.