Securities administration - Ireland
Income collection
Equities and corporate bonds | |
Market Record date | Set by the registrar, usually 3 to 4 weeks before Payment date |
Ex-date | Set by the SE, usually Record date +2 weeks |
Basis for entitlement | Record date |
Standard interest calculation rule | Equities: Not applicable Corporate bonds: Actual/Actual |
Government bonds | |
Market Record date | Payment date – 1 |
Ex-date | Record date – 1 |
Basis for entitlement | Record date |
Standard interest calculation rule | Actual/Actual |
Euroclear Bank detects and/or processes market claims on against payment and free of payment transactions in Irish corporate securities related to income payments (interest, cash dividends, dividend reinvestments, dividends with options), bonus issues and rights distributions.
Euroclear Bank further offers transformations on mandatory reorganisations in securities without options.
For market compensation process in the CREST system, please refer to UK Market Profile.
Corporate actions
Most common corporate events
The most common events in the Irish market are cash stock options (drips, scrips), rights issues/subscriptions, bonuses, takeovers / mergers, splits/reverse splits.
Organisation of AGM/EGMs
There is no rule or peak season for local company AGM. Local companies are not required to publish or announce the AGM.
Other market specifics
There may be meetings on Irish corporate securities for which Euroclear Bank internal deadline may be either before or after the record date. In function of the order of dates, Euroclear Bank processes voting instructions as follows:
- if Euroclear Bank deadline date and time is before the record date, Euroclear Bank will block the instructed position until end-of-day on the record date;
- if Euroclear Bank deadline date and time is after the record date, Euroclear Bank will not block the instructed position.