Ineligibility calendar

Securities subject to an upcoming taxable income event or corporate action may be substituted out of a collateral account so that they can be processed on the original Collateral Giver’s source account.

For exposures in automatic mode, the system will set an ‘Ineligibly Period’ based on the event record date, in order to trigger an automatic substitution, replacing the allocated piece with other eligible securities of equal or higher value. Similarly, securities in Collateral Giver source accounts will not be allocated to cover collateral exposures during the ineligibility period

For further information on the ineligibility periods, substitution processes please refer to the Collateral Management Product Guide .