Entitlement Compensation Rules - Cyprus

04.01.2019

Bonds

Market compensation basis:Settlement date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction

Additional information:

No standard procedure for market claims exists in the market. Entitlements are based on settled positions on Record Date and are confirmed by the CSD.

For any failed trades that do not settle on Record Date, the entitlement is claimed from the counterparty involved, by the custodian, under advice from the investor, or bilaterally between the counterparties.

Service offered by CBL:Adjustment is performed based on information received from the depository

Equities

Market compensation basis:Settlement date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction

Additional information:
No standard procedure for market claims exists in the market. Entitlements based on settled positions on Record Date and confirmed by the CSD.

For any failed trades that do not settle on Record Date, the entitlement is claimed from the counterparty involved, by the custodian, under advice from the investor, or bilaterally between the counterparties.

Service offered by CBL:Adjustment is performed based on information received from the depository