Securities administration - Spain
Income collection
| Market Record date | Ex-date | Basis for entitlement | Standard interest calculation rule | |
| Coupon payment | Payment Date -1 business day | Payment Date -2 business days | Settlement date | Actual/Actual |
| Dividend payment | Payment Date -1 business day | Payment Date -2 business days | Trade date | Not applicable |
Corporate actions
| Market Record date | Basis for entitlement | |
| Cash income entitlements | Payment Date -1 business day | Trade date |
Most common corporate events
The most common events in the Spanish market are Purchase offers, Rights issues, Bonuses (automatic, non-automatic), Subscription offers.
Other market specifics
Entitlement on voting and similar rights will be given to those investors that have registered their securities five days prior to the exercise of the right.
Market compensation rules
Please refer to the Entitlement Compensation Rules.