
䊏 CSDA is not offered in those countries which the global custodians
consider to have a substandard settlement infrastructure.
䊏 Investors’ settlement instructions which have missed a deadline
will be considered received the following day by some global
custodians. In other words, either the CSDA value will be applied
on a later date or ASDA will be applied.
䊏 The global custodian retains the right to reverse cash entries in the
event that trades remain unsettled after a particular length of
time.
䊏 CSDA on a sale will not be provided if there are insufficient
securities to satisfy the delivery.
Whichever accounting practice is used, it is in the global ...