Compensation payments for flat bonds
Flat bonds do not accrue interest calculated by the trading systems. Clearstream Banking1 only performs a market claim for cum traded and ex settled transactions, if the trade date of the transaction is at least 2 days before the record date (= late trade).
A transaction is considered as traded "cum" in this context if the trade day of the transaction is before or on the record date (= ex date -1).
A transaction is considered as traded "ex" in this context if the trade day of the transaction is on or after the ex date.
Note: Compensation payments on the basis of market claims resulting from transactions, that are not excuted by Clearstream Banking, are to be executed bilaterally between the counterparties.
Further information
In case of further questions, please contact Customer Service Domestic via:
| Customer Service Domestic | |
| Email: | csdomestic@clearstream.com |
| Telephone: | +49-(0) 69-2 11-1 11 77 |
| Fax: | +49-(0) 69-2 11-61 11 77 |
1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.
