Transaction management rules - Estonia, Latvia, Lithuania (Nasdaq CSD)

14.01.2020

Processing of market claims on the market	Applicable
Eligible corporate action events	All income and non-income distribution events
Detection period	20 T2S opening days after the record date
Eligible transactions	All as of status matched
Detection key dates	Securities in nominal: Record date Intended settlement date Effective settlement date Securities in units: n/a
Opt-out/Ex/Cum indicator	The Opt-out as well as the Cum-/Ex-Indicator can be used for matching purposes (additional matching field), but are not taken into account for market claims detection.
Characteristics of market claims	Transaction code “CLAI” Status unmatched Same trade date as per underlying instruction Settlement date is the payment date of the underlying event Partial settlement indicator as per underlying instruction (always NPAR for claims in cash)
Tax status of claims	Interest: Market claims are processed on a gross basis without tax adjustment.
Non T2S-eligible proceeds	Market claims are not generated for: Cash distributions in a currency other than EUR Securities distributions in non-T2S eligible securities
Processing of market claims by Clearstream Banking	Applicable

TD before Ex-date	ISD before or on RD	ASD before or on RD	Opt-out indicator	Ex/Cum indicator	Market claim to be created (T2S rules)	Direction	Issuer CSD compliance
Y/N	Y	N	Blank	N/A	Y	From Seller to Buyer	Y

TD before
Ex-date

ISD before or on RD

ASD before or on RD

Opt-out indicator

Ex/Cum indicator

Market claim to be created

(T2S rules)

Direction

n/a

Opt-out

n/a

Processing of transformations on the market	Applicable
Eligible corporate action events	All income and non-income distribution events
Detection period	20 T2S opening days after the record date
Eligible transactions	All as of status matched, but still pending
Detection key dates	Record date, for mandatory reorganisations without options Market deadline, for mandatory reorganisations with options
Opt-out indicator	Supported as additional matching field
Characteristics of re-instructions due to transformations	Transaction condition “TRAN” Status unmatched Same trade date as underlying instruction Settlement date being the latest date between the payment date of the underlying event and the intended settlement date of the underlying instruction Partial settlement indicator as per underlying instruction (always NPAR for claims in cash)
Non T2S proceeds	Transformations are not generated for: Cash proceeds in a currency other than EUR; Securities proceeds in non-T2S eligible securities.
Processing of transformations by Clearstream:	Applicable

No Buyer Protection (BP) key dates are reported as not provided by the market.

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