Asset servicing – South Korea – KGBs and MSBs
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 settled positions recorded at the close of business on the record 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. | 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
There are no corporate actions related to Korean government bonds and MSBs. Only income payments and redemptions.
Proxy Voting procedures
There is no proxy voting related to Korean government bonds and MSBs.
Entitlement compensation rules
Please refer to Entitlement Compensation Rules – South Korea – KGBs and MSBs.