Corporate tax | Commentary

D9.410 General

Corporate tax | Commentary

Deemed payments

D9.410 General

Securities are transferred with accrued interest (cum-div) if they are transferred with the right to receive interest payable on the first interest-payment day after the settlement day, or on the settlement day if that is an interest-payment day1.

Securities are transferred without accrued interest (ex-div) if they are transferred without that right2.

Securities are transferred with unrealised interest if they are transferred with the right to receive interest payable on an interest-payment day falling before the settlement day3.

Exceptions to these rules are described in D9.425–D9.433.

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