Canadian-Link服务

In 2008, the Depository Trust Company (直接转矩) launched Canadian-Link服务 asset servicing capabilities, providing 直接转矩 客户端s with functionality for income, redemption and corporate actions payments processing relating to Canadian securities. The services include dividends, redemptions (including full call), and maturities (excluding municipal event types), and reorganizations including rights, 认股权证, voluntaries and mandatory events.

All eligible and qualified 直接转矩 members, both broker-dealers and banks, can use Canadian-Link服务, but they must be participating in the program.

• Enhances custodial services with expanded processing capabilities for income, redemption and corporate actions payments.
• Enables customers to receive and make payments on all corporate action events for eligible Canadian issues including tender offers and rights issues in Canadian dollars or a mix of U.S. 和加元.
• Provides the option of settling in either U.S. 或加元.
• Provides tax benefits that allow 直接转矩 customers to obtain “at-source’ tax relief for Canadian issues. (“At-source” relief allows customers to pay the lower tax rate at the time of a dividend payment rather than a higher or maximum rate, which would require a customer to file a tax reclaim to recover the over-withheld amount.)

Voluntary reorganization events can be processed in Canadian dollars. The event announcements are updated as information is received. The event announcement can be reviewed on CA Web, 其中包括条款, 条件, options and payment rates.

Redemption and voluntary reorganization event elections will be made through the existing tender offer processor (PTOP). All rights and warrant processing will be done through existing rights and warrant functions (PSOP and WARR). Current payment allocation functionality will be updated to provide a view of allocated items on CA Web – including dividend payments as well.

额外的 end of day reports will be generated for customer reconciliation purposes.

To request additional information, please contact your relationship manager.