Entitlement Compensation Rules - Singapore
Bonds
Market compensation basis: | Settlement Date | |
Automatic Compensation Managed by Local CSD: | No | |
Restriction on custody events/transaction types: | No restriction | |
| Additional information: CBL’s depository proactively seeks to claim or to pay compensation if, based on CBL’s settlement instructions, a trade is to settle cum-entitlement but settlement actually occurs on/after the Record Date. | ||
Service offered by CBL: | Adjustment is performed based on information received from the depository. | |
Equities
Market compensation basis: | Trade Date | |
Automatic Compensation Managed by Local CSD: | No | |
Restriction on custody events/transaction types: | Applies to all types of custody events/all transaction types except rights issues. | |
| Additional information: CBL’s depository proactively seeks to claim or to pay compensation if, based on CBL’s settlement instructions, a trade is to settle cum-entitlement but settlement actually occurs on/after the Record Date. | ||
Service offered by CBL: | Adjustment is performed based on information received from the depository. | |