Austria: Introduction of record date
Clearstream Banking1 advises customers that effective
16 November 2015
the Austrian Central Securities Depository (OeKB CSD) is introducing a record date as a date for entitled positions.
Impact on customers
All security account holders that have a position in an ISIN at the end of the business day on the record date are entitled to take part in the specific distribution or reorganisation of securities and are considered for payment.
Compensation eligibility
The new record date rule will apply to shares which have an Austrian ISIN (AT) and which are held directly with the OeKB CSD. It will cover the following events:
- Dividend Payments (DVCA);
- Capital distribution (CAPD);
- Decrease in value (DECR);
- Capital gains distribution (CAPG);
- Share premium dividend (SHPR).
Corporate and government bonds
The date of entitlement for coupon payments and redemptions is the day before coupon date and going forward Clearstream Banking will send notifications to customers with the record date RDTE.
Record date exceptions
The record date regime has not been established for investment funds in Austria, so these will continue to follow the ex-date regime.
Further information
The Creation Link Guide - Austria will be updated with the above information in due course.
For further information, customers may contact Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.