Asset servicing - Singapore
Income collection
| Service offered | Remarks |
| Notification to clients | |
Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer. | See Section 8 “Asset servicing” of the Client Handbook. See Connectivity manuals on the Clearstream website. |
| Payment of proceeds | |
Proceeds are calculated based on the positions recorded at the close of business on the domestic books close date and paid to the client's account upon successful receipt and reconciliation of funds. Proceeds will be paid with the value with which they are received. Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value. The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR. | According to Singapore market practice, payments in currencies other than SGD may be occur on VD+1 or longer up to one week. For further details on entries qualified as ACL, please refer to the section “5.6 Financing: availability of funds” of the Client Handbook. |
Corporate actions
| Service offered | Remarks |
| Notification to clients | |
CBL advises clients of their entitlement to participate in Singapore corporate actions (including, but not limited to, rights issues, stock splits and tender offers) subject to their availability to foreign investors. | No specific deviations from standard reporting provided by CBL apply to the Singapore market. |
| Instruction to CBL | |
Clients may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachments of warrants etc. | In addition, CBL informs clients, on an “as and if received” basis, of unscheduled securities events occurring on account holdings, such as rights offers, reinvestment options, exchange offers, purchase offers, mergers etc. |
Proxy Voting procedures
Proxy Voting services are available in CBL for this market. For details about the proxy voting services offered by CBL, please refer to the CBL Client Handbook and, for the market specific practices, please refer to the Market Profile - Singapore.
Entitlement compensation rules
Please refer to Entitlement Compensation Rules - Singapore.