Entitlement Compensation Rules - Czech Republic

28.05.2018

Bonds

Market compensation basis:

Settlement Date - for local CZ/CS ISINs.

Trade Date - for foreign securities registered in CSD Prague.

Automatic Compensation Managed by Local CSD:

No - for local CZ/CS ISINs.

Yes - for foreign securities registered in CSD Prague.

Restriction on custody events/transaction types:No restriction
Additional information:
Compensation claiming is not regulated on the local market. The market practice is that due entitlements are claimed directly on the counterparties.
Service offered by CBL:Adjustment is performed based on information received from the depository.

Equities

Market compensation basis:

Settlement Date - for local CZ/CS ISINs.

Trade Date - for foreign securities registered in CSD Prague.

Automatic Compensation Managed by Local CSD:

No - for local CZ/CS ISINs.

Yes - for foreign securities registered in CSD Prague.

Restriction on custody events/transaction types:No restriction
Additional information:
Compensation claiming is not regulated on the local market. The market practice is that due entitlements are claimed directly on the counterparties.
Service offered by CBL:Adjustment is performed based on information received from the depository.