Record date implemented

UniCredit Bank Czech Republic and Slovakia,a.s.
Mon, 05/09/2016

CDCP Prague unifies entitlement and claim compensation for income from foreign securities.                                                                                                                               

In response to the migration of several Western European countries to the T2S platform, the procedures to determine entitlement to income from foreign securities settled by CDCP have been unified. As a result, the record date was introduced in the markets where it had not yet been recognised and market claim compensations (or reverse market claims) with respect to securities proceeds are to be performed thoroughly.

The table below presents an overview of the markets from which dividends are currently paid through CDCP and the criteria used for determining the claim / compensation claim with respect to the proceeds of the securities.

 

Securities Market

Bonds

Equities

Entitlement /

Compensation

Automatic

Compensation

Entitlement /

Compensation

Automatic

Compensation

International

Settlement Date

Yes

(only for CBL internal trades)

Trade Date

Yes

(only for CBL internal trades)

Austria

N/A

N/A

Trade Date

Yes

United Kingdom

Settlement Date

Yes

Trade Date

Yes

Netherlands

Trade Date

Yes

Trade Date

Yes

Czech Republic

Settlement Date

No *

Settlement Date

No *

Slovakia

Settlement Date

No *

Settlement Date

No *

 * Claims are not automatic. Refunds are to be requested directly from the counterparty in the case of OTC trades. In the case of stock exchange trades, refunds can be intermediated by CDCP.

The above unified entitlement and claim compensation rules will apply to all investors holding such foreign T2S eligible securities settled through CDCP.

Contact:

Veronika Honcová
Relationship Manager
T:  +420 955 960 055
veronika.honcova@unicreditgroup.cz