Entitlement Compensation Rules - Canada
Bonds
| Market compensation basis: | Settlement Date | |
| Automatic Compensation Managed by Local CSD: | Yes (if the instruction is matched on Record Date) | |
| Restriction on custody events/transaction types: | No restriction | |
| Additional information: The CSD will identify outstanding trades and automatically make the appropriate entitlement adjustment. If the instructions are unmatched on Record Date, CBL’s depository will identify late settlement trades and automatically issue a claim against the counterparty. CBL’s depository will credit the proceeds, when applicable, upon receipt of the payment to the client account. | ||
| Service offered by CBL: | For instructions matched on Record Date, entitlement is received on Payment Date. For instructions unmatched on Record Date, adjustment is performed based on information received from CBL’s depository. | |
Equities
| Market compensation basis: | Trade Date | |
| Automatic Compensation Managed by Local CSD: | Yes (if the instruction is matched on Record Date) | |
| Restriction on custody events/transaction types: | No restriction | |
| Additional information: The CSD will identify outstanding trades and automatically make the appropriate entitlement adjustment. If the instructions are unmatched on Record Date, CBL’s depository will identify late settlement trades and automatically issue a claim against the counterparty. CBL’s depository will credit the proceeds, when applicable, upon receipt of the payment to the client account. | ||
| Service offered by CBL: | For instructions matched on Record Date, entitlement is received on Payment Date. For instructions unmatched on Record Date, adjustment is performed based on information received from CBL’s depository. | |