Ex-rec period changed from 1 Sep 2010
Quote:
Originally Posted by
Mr Tommy
NZO is listed on Direct Broking as XD
Isnt the ex date for the dividend friday 17 Sept ?
NZX: Change to ex-rec period
19 August 2010. NZX advises that due to the change to the "ex-rec" period which becomes effective following the cutover to the new settlement system, the Ex Date will be changing for all corporate actions with a Record Date
that falls on or after 1 September 2010.
The change to the "ex-rec" regime provides that the Ex Date will be two Business Days before the Record Date (three full trading days before "books close"). This removes the requirement to adjust trades.