Sweden - everything in one PDF [PDF]

Jul 5, 2016 - Sweden - Custody - Market claims. Debt securities. Equities. Settlement timing of market claims. Reporting

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Sweden Market information

Post-trade made easy

Table of contents Sweden - Market basics What's specific about this market link Safekeeping Settlement Income Market claims Corporate actions Voting Tax Lending and borrowing Money transfer Background market info Sweden - Which securities can you hold in Euroclear Bank? Sweden - Market links Sweden - Market directory Sweden - Settlement - Which settlement types are possible for each security type? Sweden - Settlement - Restrictions Sweden - Settlement - Settlement process Execution and credit/debit of your account(s) Sweden - Settlement - Recycling and cancellation Recycling General rule Recycling timeline Unsuccessfully positioned instructions Unmatched instructions Matched unsettled instructions Cancellation General rule Special case Failed delivery fee Sweden - Settlement - Reporting Reporting of reasons for unmatched/unsettled external instructions Reporting of alleged trades Sweden - Settlement - EUCLID instruction formats Settlement in Euroclear Sweden AB PM and AM clearing via SEB - Dematerialised equities, warrants, government and corporate debt securities Free of payment or against payment receipt instruction (03) Free of payment or against payment delivery instruction (07) Sweden - Settlement - ISO 15022 instruction formats Settlement in Euroclear Sweden AB PM and AM clearing via SEB - Dematerialised government and corporate debt securities Free of payment (MT 540) or against payment (MT 541) receipt instruction Free of payment (MT 542) or against payment (MT 543) delivery instruction Sweden - Settlement - EasyWay instruction formats Settlement in Euroclear Sweden AB PM and AM clearing via SEB - Dematerialised government and corporate debt securities Free of payment (RFP) or against payment (RVP) receipt instruction Free of payment (DFP) or against payment (DVP) delivery instruction Sweden - Custody - Interest, dividend and redemption payments

Overview Sweden - Custody - Market claims Debt securities Equities Settlement timing of market claims Reporting Sweden - Custody - Corporate actions Stock splits Sweden - Custody - Voting Annual and Extraordinary General Meeting notification Registration Voting procedures Solicitation of a note holder's consent notification Sweden - Tax - Service overview Sweden - Tax - Equities - Relief at Source Relief at Source procedure Eligibility criteria Documentation requirements Important Deadline for receipt of documentation Special rules for distributions in kind Special rules for residents of Sweden Eligibility criteria Documentation requirements Deadline for receipt of documentation Special rules for (non-) European UCITS funds UCITS funds Special rules for tax-exempt entities Sweden - Tax - Equities - Quick Refund Quick Refund procedure Eligibility criteria Documentation requirements Important Deadline for receipt of documentation Special rules for distributions in kind Special rules for proceeds from redemption and repurchase of shares Special rules for residents of Sweden Eligibility criteria Documentation requirements Deadline for receipt of documentation Special rules for (non-) European UCITS funds Special rules for tax-exempt entities Sweden - Tax - Equities - Standard Refund Standard Refund procedure Eligibility criteria Documentation requirements Deadline for receipt of documentation Special rules for distributions in kind Special rules for proceeds from redemption and repurchase of shares Special rules for tax-exempt entities Sweden - Tax - DTA table - Equities

Notes Sweden - Tax - Tax forms Relief at Source Equities Quick Refund Equities Standard Refund Equities Sweden - Tax - Securities tax information Terms and conditions Sweden - Lending and borrowing Eligible securities Notice periods Specific feature SEK - Money transfer Currency group Cash Correspondents Input and cancellation deadlines Specific instruction requirements Reporting

Sweden - Market basics 16/10/2017 Euroclear Bank Sweden Basics 5W - How much? 5W - How? 5W - What? 5W - When? 5W - Where? Equities Bonds

Safekeeping Settlement Custody Income Market claims Corporate actions Voting Tax Lending and borrowing Money transfer Background market info

What's specific about this market link Tax services in EUR: We offer tax services for dividends payable in euro.

Safekeeping Government debt securities

Corporate debt securities

Equities and related securities

Funds1

Eligible securities

Yes

Yes

Yes

No

Holding restrictions

No

No

No

No

Disclosure requirements

No

Yes

Yes

No

Specific account opening procedure

No

No

No

No

Type of link

Indirect

Depositary

Euroclear Sweden AB

Central securities depository

Euroclear Sweden AB

Regulator

Finansinspektionen

Settlement Government debt securities

Corporate debt securities

Equities and related securities

Funds1

Internal settlement

Yes

Yes

Yes

No

Bridge settlement

Yes

Yes

Yes

No

External settlement

Yes

Yes

Yes

No

Stock exchange settlement

No

No

No

No

Physical securities settlement

No

No

No

No

Settlement restrictions

Yes

Yes

Yes

No

Settlement optimisation

No

No

No

No

Pre-matching

No

Yes

Yes

No

Matching

applies

Yes

Yes

Yes

No

is binding

No

Yes

Yes

No

Free of Payment delivery without matching

No

No

No

No

Settlement currencies

SEK

SEK

SEK

No

Government debt securities

Corporate debt securities

Equities and related securities

Funds1

Input deadline

See Settlement timing reference card

Recycling

Yes

Yes

Yes

No

Cancellation deadline

Until transmission to domestic market

Until transmission to domestic market

Until transmission to domestic market

No

Settlement cycle

T+2

T+2

T+2

No

Transfer of legal ownership

S

S

S

No

Reporting

See Settlement reporting - Quick card See Settlement - Reporting page

Government debt securities How to format an instruction

Corporate debt securities

Equities and related securities

Funds1

Internal

EUCLID (data reference manual) SWIFT ISO 15022 (data reference manual)

Bridge

EUCLID (data reference manual) SWIFT ISO 15022 (data reference manual)

External

EUCLID (data reference manual) EUCLID (market-specific) SWIFT ISO 15022 (data reference manual) SWIFT ISO 15022 (market-specific) EasyWay (market-specific)

How to format an instruction for multi-deposited securities

Coming soon

Income Government debt securities

Corporate debt securities

Equities and related securities

Funds1

Record date - 1bd

Record date - 1bd

Record date - 1bd

No

Cash distributions

PD - 5bds

PD - 5bds

Varies

No

Stock distributions

PD - 5bds

PD - 5bds

Varies

No

Ex-date Record date

Market claims

Over the counter

Stock exchange

Government debt securities

Corporate debt securities

Equities and related securities

1 Funds

Detecting

No

No

Yes

No

Processing

No

No

Yes

No

Detecting

No

No

No

No

Processing

No

No

No

No

Corporate actions

Reporting

See Custody reporting - Quick card

Voting

Proxy voting

Government debt securities

Corporate debt securities

Equities and related securities

Funds1

No

No

Yes

No

Equities and related securities

Funds1

How to vote

See Voting page

Tax Government debt securities

Corporate debt securities

Withholding tax

See Tax - Service overview

Other taxes

No

No

No

No

Government debt securities

Corporate debt securities

Equities and related securities

Funds1

Varies

Varies

Varies

No

Lending and borrowing

Eligible securities

Money transfer

Currency

Swedish krona (SEK)

Conversion restrictions

No

Holding restrictions

No

Cash Correspondent

Skandinaviska Enskilda Banken AB Svenska Handelsbanken AB

Input deadlines

See Quick cash card

Cancellation deadlines

See Quick cash card

Reporting

See Cash and credit reporting - Quick card

How to format

See Money transfer page

Background market info

Time zone

Time difference between Brussels and domestic market

No

Daylight Saving Time (DST)

No

Short selling

No

(1) This only applies to funds held in your regular Securities Clearance Account and not to funds held in your FundSettle account. For more information on funds eligible in FundSettle, consult our FundSettle page.

Sweden - Which securities can you hold in Euroclear Bank? 16/10/2017 Safekeeping Bonds 5W - What? Euroclear Bank Equities Sweden eligible

Form

Government debt securities Treasury bills

Dematerialised Registered

Treasury bonds

Dematerialised Registered

Corporate debt securities Commercial paper

Dematerialised Registered or bearer

Medium-term notes

Dematerialised Registered

Corporate bonds

Dematerialised Registered or bearer

Mortgage bonds

Dematerialised Registered or bearer

Bonds

Dematerialised Registered or bearer

Equities and related securities Equities (1)

Dematerialised Registered

(1) Including Remote Market Equities: multi-listed equities listed/traded on the Stockholmsbörsen and held by: Euroclear Sweden AB, as Remote Market CSD, through SIS for Swiss equities FCSD/APK through Nordea Bank Finland Plc for Finnish equities Euroclear UK & Ireland for UK equities (Astra Zeneca only)

Sweden - Market links 28/07/2015 Bonds link with local market Equities market structure link with domestic market Safekeeping Euroclear Bank 5W - Where? market set-up Sweden link structure link set-up market link

SEB = Skandinaviska Enskilda Banken AB (1) Corporate debt securities settle either through NewClear PM or NewClear AM in Euroclear Sweden AB, depending on the decision of the issuer and the approval of Euroclear Sweden AB. (2) We have a direct account in Euroclear Sweden AB. This account is operated for us by SEB.

Sweden - Market directory 30/08/2013 Sweden Knowledge base Euroclear Bank

For information on the main market players in Sweden (Depository, stock exchange, CSP, etc.) , go to my.euroclear.com > My Apps > Market directory and enter: Market: Sweden.

Sweden - Settlement - Which settlement types are possible for each security type? 30/08/2013 External settlement Bridge settlement Bridge link Bonds instructions Equities Bridge eligible 5W - What? Euroclear Bank cross border Sweden settlement eligibility type of settlement Internal settlement

Internal settlement

Bridge settlement

External settlement

Treasury bills

Yes

Yes

Yes

Treasury bonds

Yes

Yes

Yes

Commercial paper

Yes

Yes

Yes

Medium-term notes

Yes

Yes

Yes

Corporate bonds

Yes

Yes

Yes

Mortgage bonds

Yes

Yes

Yes

Bonds

Yes

Yes

Yes

Yes

Yes

Yes

Government debt securities

Corporate debt securities

Equities and related securities Equities (1)

(1) Including Remote Market Equities: multi-listed equities listed/traded on the Stockholmsbörsen and held by: Euroclear Sweden AB, as Remote Market CSD, through SIS for Swiss equities FCSD/APK through Nordea Bank Finland Plc for Finnish equities Euroclear UK & Ireland for UK equities (Astra Zeneca only)

Sweden - Settlement - Restrictions 10/06/2015 Settlement Sweden Euroclear Bank Bridge settlement External settlement Internal settlement 5W - What?

Debt securities cease to be available for delivery out of the Euroclear System one calendar day before the scheduled redemption date.

The maximum nominal amount for Euroclear Sweden AB settlement of any single transaction is SEK 500,000,000 (five hundred million). Consequently, we will reject any external receipt or delivery securities transaction instructions for government or corporate debt securities settling through the PM Clearing that are greater than this amount.

For securities denominated in EUR or traded in EUR on Stockholmsbörsen, external settlement is only possible free of payment.

Cross-market transfers and realignments of Swedish or Remote Market Equities are only possible free of payment.

If securities transaction instructions are input with a cash amount in decimals, the related settlement confirmation will contain the related cash amount rounded down to the next unit.

Sweden - Settlement - Settlement process 14/08/2017 External settlement 5W - When? Bonds Equities Warrants Sweden Market context Euroclear Bank Funds order routing

Settlement date

Local matching

Transfer of ownership

Treasury bills

T+2 (1)

On S-1

S

Treasury bonds

T+2 (1)

On S-1

S

Commercial paper

T+2 (1)

On S-1

S

Medium-term notes

T+2 (1)

On S-1

S

Corporate bonds

T+2 (1)

On S-1

S

Mortgage bonds

T+2 (1)

On S-1

S

Equities

T+2 (1)

-

-

Warrants

T+2 (1)

-

-

Government debt securities

Corporate debt securities

Equities and related securities

T = trade date S = intended settlement date (1) The T+2 settlement cycle applies to trades that settle in a CSD or an ICSD, if they are traded: on a regulated market on a Multi-lateral Trading Facility (MTF) or an Organised Trading Facility (OTF), if and when applicable over the counter, unless both parties agree otherwise

Execution and credit/debit of your account(s) (a) We credit certain Swedish government debt securities to your Securities Clearance Accounts in the batch process window dated the contractual settlement date. This is provided we have confirmation from the Depositary that the transaction has been clear marked by Euroclear Sweden AB (‘Euroclear Sweden’) in line with the rules and regulations of Euroclear Sweden. Such credits are made on the basis of an unconditional and irrevocable commitment by SNDO to deliver such securities to us. (b) In the case of a contingency situation in Euroclear Sweden (‘Delayed Settlement’ as shown in the rules and regulations of Euroclear Sweden) we may receive securities against payment from SNDO. Any payment we make is determined by reference to public sources that both we and SNDO find acceptable. Any difference between the amount payable and the amount indicated by you in your receipt instructions will be credited/debited to your Securities Clearance Account.

Sweden - Settlement - Recycling and cancellation 17/12/2013 Settlement Sweden Euroclear Bank 5W - When?

Recycling General rule We automatically recycle your external instruction if: your instruction did not

because

position successfully

for receipts, the cash/credit was not available for deliveries, the securities were not available

match

either:

your counterparty did not send its instruction the content of the matching fields did not correspond in your and your counterparty’s instructions

settle

your instruction was sent to the domestic market to settle; but we received negative settlement feedback from the domestic market

Recycling timeline Unsuccessfully positioned instructions

A

Contractual settlement date

B

Recycling period of 4 local business days after the contractual settlement date (A)

C

End of recycling period and start of cancellation: if your instruction still has not successfully positioned by the end of the recycling period (B), we will cancel it.

A

Contractual settlement date

B

Recycling period of either:

Unmatched instructions

30 calendar days after the contractual settlement date (A) 30 calendar days after the input date, if the contractual settlement date has passed

C

End of recycling period and start of cancellation: if your instruction still has not successfully positioned by

the end of the recycling period (D), we will cancel it.

Matched unsettled instructions

A

Contractual settlement date

B

Recycling period: we will recycle your instruction until:

it settles you cancel it

Cancellation General rule Instruction status

Options

We have not yet sent your external instruction to the domestic market.

You can cancel your instruction.

We have sent your external instruction to the domestic market.

You can no longer cancel your instruction.

Special case If you send us

then

an instruction with a past contractual settlement date

we will make at least one attempt to position it. After that:

if positioned, we will make one attempt to settle your instruction if settlement fails, we will cancel your instruction

Failed delivery fee Market practice in Sweden allows the buyer to charge a fee to any counterparty that fails to deliver Swedish dematerialised debt securities. The fee is 800 basis points above the one-week Stockholm interbank offer rate, as determined on S-2. The fee is calculated on

for

the cash amount

an against payment transaction

the nominal amount of the securities

a free of payment transaction

The fee will be charged to your account, if you fail to deliver securities because they were not available in your Securities Clearance Account on either S-1 or S.

Sweden - Settlement - Reporting 30/08/2013 Settlement Sweden Euroclear Bank Reporting 5W - What? 5W - When?

Reporting of reasons for unmatched/unsettled external instructions The reason(s) why an external instruction has not been matched or settled will be reported via EUCLID or SWIFT MT 537 and MT 548, if and when made available by SEB.

Reporting of alleged trades We will report alleged trades to you via EUCLID and SWIFT: if and when made available by SEB provided the counterparty has supplied SEB with your account number

If the allegement can be coupled with your instruction, we will report to you the reference of the alleged trade before receiving the matching or settlement feedback from the domestic market. Allegements will be removed from your reports as follows: Pending allegements will be removed upon receipt of positive matching and/or settlement feedback from the domestic market. Unmatched allegements will be removed ten calendar days after the contractual settlement date.

Sweden - Settlement - EUCLID instruction formats 16/10/2017 Settlement Sweden Euclid PC Euclid server 5W - How? Instruction formats Euroclear Bank instruction requirements External settlement

On this page:

Settlement in Euroclear Sweden AB PM and AM clearing via SEB - Dematerialised equities, warrants, government and corporate debt securities Free of payment or against payment receipt instruction (03) Free of payment or against payment delivery instruction (07)

Settlement in Euroclear Sweden AB PM and AM clearing via SEB Dematerialised equities, warrants, government and corporate debt securities Free of payment or against payment receipt instruction (03) Deliverer of securities (:87C:) Euroclear Bank code of the bank or broker in Euroclear Sweden AB that delivers the securities The Euroclear Bank code to be used should be linked to the SWIFT BIC of the deliverer of the securities. You can find this link on my.euroclear.com > My Apps > Counterparties search.

Delivering party (:85C: second line) SWIFT BIC of the delivering counterparty (account holder with the bank or broker)

Trade date (:31P:) This field is mandatory.

Narrative field (:77B:) Unless strictly necessary, this field should be left blank.

What you need to know Against payment possibilities in SEK. For the matching tolerance, consult our Settlement Matching tolerance per market webpage.

What your counterparty needs to know Where to transfer securities:

Euroclear Sweden AB-NewClear PM: to account 148919324 in Euroclear Sweden AB. The clearing member (i.e. receiving agent) is SEB. Euroclear Sweden AB-NewClear AM: to SEB as clearing member (i.e. receiving agent) in Euroclear Sweden AB.

Your counterparty must instruct its local agent, bank or broker on S-1 to deliver securities to SEB in favour of Euroclear, specifying the Euroclear Bank Securities Clearance Account number nnnnn and the full name and location of the Participant to be credited.

Free of payment or against payment delivery instruction (07) Receiver of securities (:87C:) Euroclear Bank code of the bank or broker in Euroclear Sweden AB that receives the securities The Euroclear Bank code to be used should be linked to the SWIFT BIC of the receiver of the securities. You can find this link on my.euroclear.com > My Apps > Counterparties search.

Receiving party (:88C: second line) SWIFT BIC of the receiving counterparty (account holder with the bank or broker)

Trade date (:31P:) This field is mandatory.

Narrative field (:77B:) Unless strictly necessary, this field should be left blank.

What you need to know Against payment possibilities in SEK. For the matching tolerance, consult our Settlement Matching tolerance per market webpage.

What your counterparty needs to know A matching instruction must be sent by your counterparty’s local agent (bank or broker) to allow matching with SEB on S-1.

Sweden - Settlement - ISO 15022 instruction formats 16/10/2017 Settlement Sweden ISO 15022 SWIFT 5W - How? Instruction formats Euroclear Bank instruction requirements External settlement

On this page:

Settlement in Euroclear Sweden AB PM and AM clearing via SEB - Dematerialised government and corporate debt securities Free of payment (MT 540) or against payment (MT 541) receipt instruction Free of payment (MT 542) or against payment (MT 543) delivery instruction

Settlement in Euroclear Sweden AB PM and AM clearing via SEB Dematerialised government and corporate debt securities Free of payment (MT 540) or against payment (MT 541) receipt instruction Place of settlement Sub-sequence: E1 - SETPRTY Field: :95P::PSET//VPCSSESS

Delivering agent Sub-sequence: E1 - SETPRTY Field: :95R::DEAG/ECLR/Euroclear Bank code of the delivering agent in Euroclear Sweden AB The Euroclear Bank code used should be linked to the SWIFT BIC of the delivering agent. You can find this link on my.euroclear.com > My Apps > Counterparties search. or :95P::DEAG//SWIFT BIC of the delivering agent in Euroclear Sweden AB The delivering agent's SWIFT BIC should be recognised by Euroclear Bank for the Swedish market. You can check this on my.euroclear.com > Resources > My Apps > Counterparties search.

Delivering party Sub-sequence: E1 - SETPRTY Field: :95P::SELL//SWIFT BIC of the account holder with the delivering agent

What you need to know Against payment possibilities in SEK. For the matching tolerance, consult our Settlement - Matching tolerance per market webpage.

What your counterparty needs to know Where to transfer securities:

Euroclear Sweden AB-NewClear PM: to account 148919324 in Euroclear Sweden AB. The clearing member (i.e. receiving agent) is SEB.

Euroclear Sweden AB-NewClear AM: to SEB as clearing member (i.e. receiving agent) in Euroclear Sweden AB

Your counterparty must instruct its local agent, bank or broker on S-1 to deliver securities to SEB in favour of Euroclear Bank, specifying the Euroclear Bank Securities Clearance Account number nnnnn and the full name and location of the Participant to be credited.

Free of payment (MT 542) or against payment (MT 543) delivery instruction Place of settlement Sub-sequence: E1 - SETPRTY Field: :95P::PSET//VPCSSESS

Receiving agent Sub-sequence: E1 - SETPRTY Field: :95R::REAG/ECLR/Euroclear Bank code of the receiving agent in Euroclear Sweden AB The Euroclear Bank code used should be linked to the SWIFT BIC of the receiving agent. You can find this link on my.euroclear.com > My Apps > Counterparties search. or :95P::REAG//SWIFT BIC of the receiving agent in Euroclear Sweden AB The receiving agent's SWIFT BIC should be recognised by Euroclear Bank for the Swedish market. You can check this on my.euroclear.com > Resources > My Apps > Counterparties search.

Receiving party Sub-sequence: E1 - SETPRTY Field: :95P::BUYR//SWIFT BIC of the account holder with the receiving agent

What you need to know Against payment possibilities in SEK. For the matching tolerance, consult our Settlement - Matching tolerance per market webpage.

What your counterparty needs to know A matching instruction must be sent by the counterparty’s local agent (bank or broker) to allow matching with SEB on S-1.

Sweden - Settlement - EasyWay instruction formats 16/10/2017 Settlement Sweden 5W - How? Instruction formats Euroclear Bank instruction requirements EasyWay External settlement

Settlement in Euroclear Sweden AB PM and AM clearing via SEB Dematerialised government and corporate debt securities Free of payment (RFP) or against payment (RVP) receipt instruction Place of settlement Sequence: SETTLEMENT PARTIES Field: Place of settlement: BIC - VPCSSESS

Delivering agent Sequence: SETTLEMENT PARTIES Subsequence for delivering agent Field: Delivering agent: Euroclear identification - Euroclear Bank code of the delivering agent in Euroclear Sweden AB The Euroclear Bank code used should be linked to the SWIFT BIC of the delivering agent. You can find this link on my.euroclear.com > My Apps > Counterparties search. or Delivering agent: BIC - SWIFT BIC of the delivering agent in Euroclear Sweden AB The delivering agent's SWIFT BIC should be recognised by us for the Swedish market. You can check this on my.euroclear.com > Resources > My Apps > Counterparties search.

Delivering party Sequence: SETTLEMENT PARTIES Subsequence for seller Field: Seller: BIC - SWIFT BIC of the account holder with the delivering agent

What you need to know Against payment possibilities in SEK. For the matching tolerance, consult our Settlement - Matching tolerance per market webpage.

What your counterparty needs to know Where to transfer securities:

Euroclear Sweden AB-NewClear PM: to account 148919324 in Euroclear Sweden AB. The clearing member (i.e. receiving agent) is SEB. Euroclear Sweden AB-NewClear AM: to SEB as clearing member (i.e. receiving agent) in Euroclear Sweden AB

Your counterparty must instruct its local agent, bank or broker on S-1 to deliver securities to SEB in favour of Euroclear Bank, specifying the Euroclear Bank Securities Clearance Account number nnnnn and the full name and location of the Participant to be credited.

Free of payment (DFP) or against payment (DVP) delivery instruction Place of settlement Sequence: SETTLEMENT PARTIES Field: Place of settlement: BIC - VPCSSESS

Receiving agent Sequence: SETTLEMENT PARTIES Subsequence for receiving agent Field: Receiving agent: Euroclear identification - Euroclear Bank code of the receiving agent in Euroclear Sweden AB The Euroclear Bank code used should be linked to the SWIFT BIC of the receiving agent. You can find this link on my.euroclear.com > My Apps > Counterparties search. or Receiving agent: BIC - SWIFT BIC of the receiving agent in Euroclear Sweden AB The receiving agent's SWIFT BIC should be recognised by us for the Swedish market. You can check this on my.euroclear.com > Resources > My Apps > Counterparties search.

Receiving party Sequence: SETTLEMENT PARTIES Subsequence for buyer Field: Buyer: BIC - SWIFT BIC of the account holder with the receiving agent

What you need to know Against payment possibilities in SEK. For the matching tolerance, consult our Settlement - Matching tolerance per market webpage.

What your counterparty needs to know Your counterparty’s local agent (bank or broker) must send a matching instruction to allow matching with SEB on S-1.

Sweden - Custody - Interest, dividend and redemption payments 16/10/2017 Income and redemption Bonds Equities Sweden 5W - When? 5W - How? 5W - What? Market context Euroclear Bank income

Overview Maturity

Interest rate

Interest calculation

Payment frequency

Record date

Currency

Government debt securities

Treasury bills

SEK

30 to 360 days

Discount to yield

N/A

N/A

PD – 5 bds

Treasury bonds

SEK/EUR

1 to 30 years

Fixed

360 days

Annual

PD – 5 bds

Corporate debt securities

Commercial paper

SEK/EUR

Up to 12 months

Discount to yield

N/A

N/A

PD – 5 bds

Mediumterm notes

SEK/EUR

1 to 10 years

Fixed, floating or zero coupon

360 days

Semi-annual or annual

PD – 5 bds

Corporate bonds

SEK/EUR

1 to 30 years

Fixed, floating or zero coupon

360 days

Quarterly, Semi-annual or annual

PD – 5 bds

Mortgage bonds

SEK

1 to 30 years

Fixed or zero coupon

360 days

Quarterly, Semi-annual or annual

PD – 5 bds

Bonds

SEK

N/A

N/A

N/A

N/A

PD – 5 bds

N/A

N/A

N/A

N/A

Equities and related securities

Equities

SEK/EUR

SEK: PD – 3 bds (1) EUR: PD – 5 bds

Warrants

SEK

N/A

N/A

N/A

bd = local business day PD = Payment Date

(1) Can also be PD – 5 bds, depending on the issuer’s decision.

N/A

N/A

Sweden - Custody - Market claims 31/07/2014 Market claims Sweden Euroclear Bank 5W - What?

Debt securities We neither detect nor process market claims related to interest payments on Swedish debt securities.

Equities We detect and process market claims related to custody distributions (cash and non-cash, including stock splits) on Swedish equities and depository receipts for internal and external instructions, if: the contractual settlement date of the instruction is before or the same as the Record Date the actual settlement date is after the Record Date

We only detect, not process, market claims generated by Bridge instructions (03C, 07C).

Settlement timing of market claims The expected settlement timing of market claims and the tax rate are shown in the table below. Instructions generating market claims

Internal receipt instruction (01)

Cash distributions

Non-cash distributions

Market claims

Tax rate applied

Market claims

Up to 2 months(1) after S, value P

According to applicable certificate(2)

Up to a few days before the end of the offer period

Internal delivery instruction (02) External receipt instruction (03) External delivery instruction (07)

P = payment date S = settlement date of the underlying settlement instruction Notes (1) If the market claim is still pending at that time, the parties to the trade must settle it themselves. (2) The tax rate that will be applied cannot be guaranteed if the market claim settles after the Quick Refund deadline.

Reporting From detection up to (but not including) settlement, pending market claims are reported in the Pending Market Claims Status Report. This report: lists securities transaction instructions that have generated a market claim indicates whether the market claim is being/will be processed through us shows statuses reflecting the market claims process

Debits and credits resulting from the settlement of market claims are reported in the Income Payable Report (cash distributions) or in the Securities and Related Cash Movements report (non-cash distributions).

Sweden - Custody - Corporate actions 28/03/2014 Corporate actions 5W - When? Reporting Sweden 5W - What? Euroclear Bank

You are informed of upcoming corporate actions affecting Swedish securities held in the Euroclear System through corporate action notifications (DACE notices). An overview of custody reporting is available in the Custody reporting – Quick card.

Stock splits For stock splits, we will automatically update the balances in your Securities Clearance Accounts on the local record date according to the applicable ratio. Participants should not modify their internal and external instructions that are pending on the local record date, as the adjustments will be carried out via the market claims procedure. However, pending Bridge instructions should be adjusted by yourself.

Sweden - Custody - Voting 21/12/2017 Sweden Proxy voting for clients 5W - How? Euroclear Bank Voting by proxy

Annual and Extraordinary General Meeting notification Registration Voting procedures Solicitation of a note holder's consent notification

Annual and Extraordinary General Meeting notification The place, date, time and deadlines for annual and extraordinary general meetings for Swedish Large Cap, Mid Cap and Small Cap companies listed on the NASDAQ OMX Stockholm Stock Exchange and for the Swedish companies listed on the NGM Stock Exchange are provided through corporate action notifications. These notifications contain a specific narrative summarising the procedure you need to follow to vote at the meeting. You can find relevant meeting agenda summaries and additional meeting information in the Corporate actions app by entering the corporate action event number provided in the corporate action notification. The entitlement to voting rights is determined on the local record date.

Registration The right to vote may be exercised only if shares are registered in the beneficial owner’s name on the local record date for that vote. The date by which shares must be registered in the beneficial owner’s name is the fifth calendar day, excluding Sundays and Swedish public holidays before the meeting. A corporate action instruction requesting registration of the equities in the beneficial owner’s name must be sent to us using either: a type 65 instruction (EUCLID proprietary format) an MT 565, Corporate Action Instruction (ISO 15022-compliant format)

Voting procedures Voting is possible through a proxy representative or by the physical presence of the beneficial owner at the meeting. To exercise your voting rights through us, you must send us: a corporate action instruction a proxy form signed by the beneficial owner to SEB

To designate a proxy of your choice, in whose name an admission card will be issued, or to request that an admission card be issued in the name of the beneficial owner to allow them to attend the meeting themselves, you must send us a corporate action instruction only (voting instruction field left blank). The corporate action instruction must be sent using either: a type 53-54 instruction (EUCLID proprietary format) an MT 565, Corporate Action Instruction (ISO 15022-compliant format) EasyWay

Solicitation of a note holder’s consent notification The date, time and deadlines for solicitation of a note holder’s consent are provided through corporate action notifications. These notifications contain a specific narrative summarising the procedure you need to follow to cast a vote. Relevant meeting agenda summaries and additional meeting information can be found on Corporate Actions Online by entering the corporate action event number provided in the corporate action notification.

Sweden - Tax - Service overview 05/07/2016 Bonds Equities Sweden Tax - At source Tax - Quick refund Tax - Standard refund 5W - What? Euroclear Bank

Other taxes

Withholding tax

Instruments

Tax rate

Tax relief

Proactive Tax Reclaim Service - PTRS

Market claims

Domestic debt securities

(1)

No

No

No

No

Equities

30% (2)

Relief at Source (3)

No

Yes

No

Quick Refund Standard Refund

Notes (1) If the beneficial owner is an individual resident in Sweden, you are responsible for paying the withholding tax, in compliance with local tax regulations, directly to the Swedish tax authorities. (2) Unless the beneficial owner is a corporate resident in Sweden, in which case dividend payments are not subject to withholding tax. (3) Unless the beneficial owner is resident in Switzerland, in which case it is only entitled to Standard Refund of withholding tax through the procedure applicable under the relevant Double Taxation Agreements (DTAs).

Sweden - Tax - Equities - Relief at Source 29/05/2017 Equities Sweden Tax - At source 5W - How? Euroclear Bank

Other taxes

Withholding tax

Instruments

Tax rate

Tax relief

Proactive Tax Reclaim Service - PTRS

Market claims

Equities

30%

Relief at Source

No

Yes

No

Special rules for distributions in kind

Special rules for residents of Sweden

Special rules for (non-)European UCITS funds

Special rules for tax-exempt entities

Relief at Source procedure Eligibility criteria You may obtain relief from withholding tax at Source if you hold Swedish equities on behalf of beneficial owners that are resident in a country, other than Switzerland, that has a Double Taxation Agreement (DTA) in place with Sweden. For a list of DTA countries, consult the DTA table - Equities. Exceptions The following are not entitled to DTA benefits: German funds such as Kapitalanlagegesellschaft (KAG) and special funds Irish offshore funds Luxembourg FCPs and SICAVs Malaysian companies incorporated under Labuan legislation

If you hold securities on behalf of beneficial owners that are resident in Switzerland, you cannot obtain Relief at Source.

Documentation requirements To apply for Relief at Source, you must send us the following documents: a duly completed and executed One-Time Certificate (SW_F001). You must send this document by post before the first relevant dividend payment. In completing the One-Time Certificate, you certify that the Swedish equities you may hold, from time to time, in your Securities Clearance Account(s) are held on behalf of beneficial owners (including yourself, if applicable) resident in a DTA country other than Switzerland an Amendment to One-Time Certificate/List of beneficial owners (SW_F002), if you hold the equities on behalf of beneficial owners resident in more than one DTA country, other than Switzerland. We must receive this information before each relevant dividend payment and for each relevant Securities Clearance Account.You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it to your email). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If sending by post, the list must be authenticated by an authorised signature.

Important

If you apply for Relief at Source of withholding tax on dividend payments on Swedish equities, you must provide us with: the country of residence for tax purposes the quantity of securities per country held per payment all other relevant documentation or certification for each beneficial owner for which relief is claimed, upon request

Deadline for receipt of documentation Please consult your Dace Notification (500/511) for confirmation of the deadline related to your payment. To benefit from the relief available, you must comply with the above procedural requirements in a complete and timely manner. Otherwise, your dividend payment(s) will be taxed at the maximum rate. If you miss the deadline for Relief at Source, you can apply for a Quick Refund.

Special rules for distributions in kind Distributions in kind on Swedish equities (such as purchase rights, securities, etc.) may be subject to the same withholding tax regime as dividends distributed in cash. Withholding tax is applied after the distribution, as the Swedish tax authorities establish the taxable value of the distribution in kind some time after distribution. When we have received the information related to the taxable basis, we will debit your Cash Account with the withholding tax liability. If you are credited with distributions in kind, you are therefore requested to reserve an amount for this purpose in your Euroclear Bank Cash Account. You may apply for Relief at Source from withholding tax by complying with the procedural requirements as described for cash dividends.

Special rules for residents of Sweden Eligibility criteria Dividends paid on Swedish equities to beneficial owners that are corporations resident in Sweden are not subject to withholding tax. If you hold Swedish equities on behalf of such beneficial owners, you must report the dividend payments to the Swedish tax authorities.

Documentation requirements To apply for Relief at Source, you must send us the following documents: a duly completed and executed One-Time Certificate (SW_F001) in case of an omnibus account, an Amendment to the One-Time Certificate/List of beneficial owners (SW_F002) that are residents of Sweden

You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it to your email). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If sending by post, the list must be authenticated by an authorised signature. Dividends paid on Swedish equities to beneficial owners that are individuals resident in Sweden are subject to withholding tax at a rate of 30%. According to Swedish regulations, beneficial owners that are Swedish individuals must hold Swedish equities either directly themselves, or through a Swedish or foreign nominee. Such a nominee is usually a bank, a broker, or another intermediary accountable to the Swedish tax authorities, which is obliged to apply Swedish withholding tax on dividend payments to individuals resident in Sweden and report such payments. If the equities are held by a foreign intermediary and the beneficial owner is a Swedish individual, the individual must request the intermediary to report the following information to the Swedish tax authorities at the end of the year: the payment of dividends the proceeds when selling the number of securities to the Swedish tax authorities

Deadline for receipt of documentation Please consult your Dace Notification (500/511) for confirmation of the deadline related to your payment. To benefit from the relief available, you must comply with the above procedural requirements in a complete and timely manner. Otherwise, your dividend payment(s) will be taxed at the maximum rate. If you miss the deadline for Relief at Source, you can apply for a Quick Refund.

Special rules for (non-) European UCITS funds UCITS funds Undertakings for the Collective Investment in Transferable Securities (UCITS) can apply for Relief at Source, if they are domiciled either: within the EEA in a state that has entered into a tax treaty that contains an article on exchange of information with Sweden in a state that has entered into an agreement with Sweden on the exchange of tax information

To apply for Relief at Source, you must send us:

European UCITS

Non-European UCITS

a duly completed and executed One-Time Certificate (SW_F001)

a duly completed and executed One-Time Certificate (SW_F001)

a list of beneficial owners per dividend payment. This breakdown should include the:

a list of beneficial owners per dividend payment. This breakdown should include the:

name of the umbrella fund

name of the umbrella fund

name of the sub funds/compartments and their holding

name of the sub funds/compartment and their holding

an attestation referring to the Directive 2009/65/EG

a copy of the approval from the Swedish Financial Supervisory Authority to market and sell units in the fund in Sweden

Special rules for tax-exempt entities As a general rule, foreign governments and other similar entities are treated as any other beneficial owner resident in their country and can apply for Relief at Source from withholding tax through the procedure applicable under the relevant DTA. Swedish tax law provides a list of entities that are entitled to an exemption from withholding tax. However, entities that are not included in the list may apply for recognition of tax-exempt status to the Swedish tax authorities. Application must be made by providing proof of entitlement to such status. If you hold securities for beneficial owners that are recognised as tax-exempt entities by the Swedish tax authorities, you can apply for Relief at Source from withholding tax by complying with the procedural requirements as described above. When lodging a claim, proof must be provided that the beneficial owner is recognised as tax-exempt entity by the Swedish tax authorities.

Sweden - Tax - Equities - Quick Refund 29/05/2017 Equities Sweden Tax - Quick refund 5W - How? Euroclear Bank

Other taxes

Withholding tax

Instruments

Tax rate

Tax relief

Proactive Tax Reclaim Service - PTRS

Market claims

Equities

30%

Quick Refund

No

Yes

No

Special rules for distributions in kind Special rules for proceeds from redemption and repurchase of shares Special rules for residents of Sweden Special rules for (non-) European UCITS funds Special rules for tax-exempt entities

Quick Refund procedure Eligibility criteria You may obtain application of the DTA rate of withholding tax through a Quick Refund if you hold Swedish equities on behalf of beneficial owners that are resident in a country, other than Switzerland, that has a Double Taxation Agreement (DTA) in place with Sweden. For a list of DTA countries, consult the DTA table - Equities. Exceptions The following are not entitled to DTA benefits: German funds such as Kapitalanlagegesellschaft (KAG) and special funds Irish offshore funds Luxembourg FCPs and SICAVs Malaysian companies incorporated under Labuan legislation

If you hold securities on behalf of beneficial owners that are resident in Switzerland, you cannot obtain a Quick Refund.

Documentation requirements To apply for a Quick Refund, you must send us the following documents: a cover letter requesting a Quick Refund, giving general information about the dividend payment(s), refund(s) claimed and your Cash Account number a duly completed and executed One-Time Certificate (SW_F001). You must send this document by post before the first relevant dividend payment. In completing the One-Time Certificate, you certify that the Swedish equities you may hold, from time to time, in your Securities Clearance Account(s) are held on behalf of beneficial owners (including yourself, if applicable) resident in a DTA country other than Switzerland an Amendment to One-Time Certificate/List of beneficial owners (SW_F002), if you hold the equities on behalf of more than one single beneficial owner, or category of beneficial owners. You do not have to send this document if you hold Swedish equities either for your own account or on behalf of a single third party beneficial owner We must receive this information before each relevant dividend payment and for each relevant Securities Clearance Account. You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it to your email). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If sending by post, the list must be authenticated by an authorised signature.

Important If you apply for a Quick Refund of withholding tax on dividend payments for Swedish equities, you must

provide us with the country of residence, the quantity of securities held per payment and all other relevant documentation or certification for each beneficial owner for which relief is claimed upon request

Note: your One-Time Certificate (OTC) should be dated - at the latest - on the record date of the payment for which you wish to request a Quick Refund

Deadline for receipt of documentation Please consult your Dace Notification (500/511) for confirmation of the deadline related to your payment. If you have missed this deadline, you can still claim a Standard Refund.

Special rules for distributions in kind Distributions in kind on Swedish equities (such as purchase rights, securities, etc.) may be subject to the same withholding tax regime as dividends distributed in cash. Withholding tax is applied after the distribution, as the Swedish tax authorities establish the taxable value of the distribution in kind some time after distribution. When we have received the information related to the taxable basis, we will debit your Cash Account with the withholding tax liability. If you are credited with distributions in kind, you are therefore requested to reserve an amount for this purpose in your Euroclear Bank Cash Account. You may apply for a Quick Refund of withholding tax by complying with the procedural requirements as described for cash dividends.

Special rules for proceeds from redemption and repurchase of shares Proceeds from redemptions and repurchases of a company’s own shares are treated as dividends at the time of the payment (i.e. as subject to withholding tax). However, for such payments made on or after 1 January 2005, the beneficial owner is entitled to claim a Standard Refund of the withholding tax applied on the portion of the proceeds that correspond to the acquisition price (including fees and commissions) of the redeemed or repurchased shares. The procedure to follow is the same as described above under Standard Refund with the additional requirement to attach proof showing the acquisition price (copy of contract note or similar document). After redemption, part of the acquisition cost shall be transferred from the parent shares to the redemption shares. The exact percentage to transfer is decided by the Swedish tax authorities for each case. The same rules apply to repurchase proceeds. However, for listed shares the beneficial owner is, as an alternative, permitted to calculate the acquisition price as being equal to 20 percent of the redemption value of the shares (without any need to provide proof of the real acquisition price). Finally it may be noted that if the non-resident shareholder sells the redemption shares or redemption rights there is no Swedish withholding tax. The same applies to repurchase shares and selling rights.

Special rules for residents of Sweden Eligibility criteria Dividends paid on Swedish equities to beneficial owners that are corporations resident in Sweden are not subject to withholding tax. If you hold Swedish equities on behalf of such beneficial owners, you must report the dividend payments to the Swedish tax authorities.

Documentation requirements To apply for a Quick Refund, you must send us the following documents: a duly completed and executed One-Time Certificate (SW_F001) an Amendment to One-Time Certificate/List of beneficial owners (SW_F002) that are residents of Sweden

You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it to your email). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If sending by post, the list must be authenticated by an authorised signature. Dividends paid on Swedish equities to beneficial owners that are individuals resident in Sweden are subject to

withholding tax at a rate of 30%. According to Swedish regulations, beneficial owners that are Swedish individuals must hold Swedish equities either directly themselves, or through a Swedish or foreign nominee. Such a nominee is usually a bank, a broker, or another intermediary accountable to the Swedish tax authorities, which is obliged to apply Swedish withholding tax on dividend payments to individuals resident in Sweden and report such payments. If the equities are held by a foreign intermediary and the beneficial owner is a Swedish individual, the individual must request the intermediary to report the following information to the Swedish tax authorities at the end of the year: the payment of dividends the proceeds when selling the number of securities to the Swedish tax authorities

Deadline for receipt of documentation Please consult your Dace Notification (500/511) for confirmation of the deadline related to your payment.

Special rules for (non-) European UCITS funds Undertakings for the Collective Investment in Transferable Securities (UCITS) can apply for Relief at Source, if they are domiciled either: within the EEA in a state that has entered into a tax treaty that contains an article on exchange of information with Sweden in a state that has entered into an agreement with Sweden on the exchange of tax information

To apply for Relief at Source, you must send us:

European UCITS

Non-European UCITS

a duly completed and executed One-Time Certificate (SW_F001)

a duly completed and executed One-Time Certificate (SW_F001)

a list of beneficial owners per dividend payment. This breakdown should include the:

a list of beneficial owners per dividend payment. This breakdown should include the:

name of the umbrella fund

name of the umbrella fund

name of the sub funds/compartments and their holding

name of the sub funds/compartment and their holding

an attestation referring to the Directive 2009/65/EG

a copy of the approval from the Swedish Financial Supervisory Authority to market and sell units in the fund in Sweden

Special rules for tax-exempt entities As a general rule, foreign governments and other similar entities are treated as any other beneficial owner resident in their country and can apply for a Quick Refund of withholding tax through the procedure applicable under the relevant DTA. Swedish tax law provides a list of entities that are entitled to an exemption from withholding tax. However, entities that are not included in the list may apply for recognition of tax-exempt status to the Swedish tax authorities. Application must be made by providing proof of entitlement to such status. If you hold securities for beneficial owners that are recognised as tax-exempt entities by the Swedish tax authorities, you can apply for a Quick Refund of withholding tax by complying with the procedural requirements as described above. When lodging a claim, proof must be provided that the beneficial owner is recognised as tax-exempt entity by the Swedish tax authorities.

Sweden - Tax - Equities - Standard Refund 29/05/2017 Equities Sweden 5W - How? Tax - Standard refund Euroclear Bank

Other taxes

Withholding tax

Instruments

Tax rate

Tax relief

Proactive Tax Reclaim Service - PTRS

Market claims

Equities

30%

Standard Refund

No

Yes

No

Special rules for distributions in kind Special rules for proceeds from redemption and repurchase of shares Special rules for tax-exempt entities

Standard Refund procedure Eligibility criteria You may obtain application of the DTA rate of withholding tax through a Standard Refund if you hold Swedish equities on behalf of beneficial owners that are resident in a country that has a Double Taxation Agreement (DTA) in place with Sweden. For a list of DTA countries, consult the DTA table - Equities. Exceptions Irish offshore funds, Luxembourg FCPs and SICAVs and Malaysian companies incorporated under Labuan legislation are not entitled to DTA benefits.

Documentation requirements To apply for a Standard Refund, you must send us the following documents: a cover letter (SW_F004), printed on letterhead paper, requesting a Standard Refund, giving general information about the dividend payment(s), refund(s) claimed and your Cash Account number. You must send this letter by post for each relevant dividend payment the relevant completed and executed copy of the tax refund form (SW_F005) intended for the Swedish tax authorities. You must send us this form for each relevant dividend payment and for each relevant beneficial owner (including yourself, if applicable) a power of attorney (SW_F006), if you execute the form on behalf of the beneficial owner. You must send this document by post for each relevant dividend payment and for each relevant beneficial owner a credit advice (SW_F007)

Deadline for receipt of documentation To be effective, our Tax Operations - Sweden team must receive your documentation no later than six weeks before the tax authorities’ deadline (five years, or two years if the beneficial owner is resident in Austria, from the end of the calendar year in which the dividend was paid).

Special rules for distributions in kind Distributions in kind on Swedish equities (such as purchase rights, securities, etc.) may be subject to the same withholding tax regime as dividends distributed in cash. Withholding tax is applied after the distribution, as the Swedish tax authorities establish the taxable value of the distribution in kind some time after distribution. When we have received the information related to the taxable basis, we will debit your Cash Account with the withholding tax liability. If you are credited with distributions in kind, you are therefore requested to reserve an amount for this purpose in your Euroclear Bank Cash Account.

You may apply for a Standard Refund of withholding tax by complying with the procedural requirements as described for cash dividends.

Special rules for proceeds from redemption and repurchase of shares Proceeds from redemptions and repurchases of a company’s own shares are treated as dividends at the time of the payment (i.e. as subject to withholding tax). However, for such payments made on or after 1 January 2005, the beneficial owner is entitled to claim a Standard Refund of the withholding tax applied on the portion of the proceeds that correspond to the acquisition price (including fees and commissions) of the redeemed or repurchased shares. The procedure to follow is the same as described above under Standard Refund with the additional requirement to attach proof showing the acquisition price (copy of contract note or similar document). After redemption, part of the acquisition cost shall be transferred from the parent shares to the redemption shares. The exact percentage to transfer is decided by the Swedish tax authorities for each case. The same rules apply to repurchase proceeds. However, for listed shares the beneficial owner is, as an alternative, permitted to calculate the acquisition price as being equal to 20 percent of the redemption value of the shares (without any need to provide proof of the real acquisition price). Finally it may be noted that if the non-resident shareholder sells the redemption shares or redemption rights there is no Swedish withholding tax. The same applies to repurchase shares and selling rights.

Special rules for tax-exempt entities As a general rule, foreign governments and other similar entities are treated as any other beneficial owner resident in their country and can apply for a Standard Refund of withholding tax through the procedure applicable under the relevant DTA. Swedish tax law provides a list of entities that are entitled to an exemption from withholding tax. However, entities that are not included in the list may apply for recognition of tax-exempt status to the Swedish tax authorities. Application must be made by providing proof of entitlement to such status. If you hold securities for beneficial owners that are recognised as tax-exempt entities by the Swedish tax authorities, you can apply for a Standard Refund of withholding tax by complying with the procedural requirements as described above. When lodging a claim, proof must be provided that the beneficial owner is recognised as tax-exempt entity by the Swedish tax authorities.

Sweden - Tax - DTA table - Equities 20/12/2017 Equities DTA tables Sweden Tax - At source Tax - Quick refund Tax - Standard refund Euroclear Bank

Country

Withholding tax rate

Armenia

15

Albania

15

Argentina

15

Australia

15

Austria

10

Azerbaijan

15

Bangladesh

15

Barbados

15

Belarus

10

Belgium

15

Bolivia

15

Bosnia and Herzegovina

15 (1)

Botswana

5

Brazil

25

Bulgaria

10

Canada

15

Chile

10

China

10

Croatia

15 (1)

Cyprus

15

Czech Republic

10

Denmark

15

Egypt

20

Estonia

15

Finland

15

France

15

Gambia

15

Georgia

10

Germany

15

Greece

0

Hungary

15

Iceland

15

India

10

Indonesia

15

Ireland

15

Israel

15

Italy

15

Jamaica

22.5

Japan

10

Kazakhstan

15

Kenya

25

Kosovo

15 (1)

Latvia

15

Lithuania

15

Luxembourg

15

Macedonia

15

Malaysia

15

Malta

15

Mauritius

15

Mexico

15

Montenegro

15 (1)

Namibia

15

The Netherlands

15

New Zealand

15

Nigeria

10

Norway

15

Pakistan

30

The Philippines

15

Poland

15

Portugal

10

Romania

10

Russia

15

Saudi Arabia

10

Serbia

15 (1)

Singapore

15

Slovak Republic

10

Slovenia

15 (1)

South Africa

15

South Korea

15

Spain

15

Sri Lanka

15

Switzerland

15

Taiwan

10

Tanzania

25

Thailand

30

Trinidad and Tobago

20

Tunisia

20

Turkey

20

Ukraine

10

United Kingdom

5

United States

15

Venezuela

10

Vietnam

15

Yugoslavia

15

Zambia

15

Zimbabwe

20

Notes (1) The treaty concluded between Sweden and the former Yugoslavia (Macedonia excluded).

Sweden - Tax - Tax forms 05/07/2016 Equities Sweden Tax - Quick refund Tax - At source Forms Tax - Standard refund Euroclear Bank

Relief at Source Equities Sweden - SW_F001 - One-Time Certificate Sweden - SW_F002 Amendment to One-Time Certificate

Quick Refund Equities Sweden - SW_F001 - One-Time Certificate Sweden - SW_F002 Amendment to One-Time Certificate

Standard Refund Equities Sweden - SW_F004 - Covering letter for Standard Refund Sweden - SW_F005 - Claim for repayment of Swedish tax on dividends Sweden - SW_F005_FIO - Claim for repayment of Swedish tax on dividents Sweden - SW_F005b - Claim for repayment of Swedish tax on dividends for... Sweden - SW_F005b_FIO - Claim for repayment of Swedish tax on dividends for... Sweden - SW_F006 - Power of attorney Sweden - SW_F007 - Credit Advice

Sweden - Tax - Securities tax information 30/08/2013 Equities Sweden Tax - At source Tax - Quick refund Tax - Standard refund 5W - What? Euroclear Bank

The ‘Securities tax information’ spreadsheet lists the tax services available through Euroclear Bank for Sweden per ISIN code. This document also provides you with a high level overview of the tax documentation that needs to be submitted to benefit from Relief at Source, Quick refund or Standard Reclaim whenever applicable. For more details on the documentation requirements, consult the corporate action notifications (DACE notices).

Important The information in the corporate action notifications (DACE notices) always prevails over the ‘Securities tax information’ spreadsheet. Updates are available every Monday at 13:00 (Brussels time).

Terms and conditions Please read these terms and conditions carefully. By accessing this securities tax information section of the Euroclear Bank website, you agree to be bound by the terms and conditions below. If you do not agree with the terms and conditions, please do not access this section of the Euroclear Bank website. The information contained in this section of the website (the "Securities Tax Information Section") is designed to provide information on Euroclear Bank tax relief at Source and refund procedures to Euroclear Bank Participants or their authorised agents. Access by any other party is strictly prohibited. The information included in this Securities Tax Information Section is intended for the benefit of Participants and their clients. This information may not be re-distributed, re-used or re-sold to any other person except with the prior consent of Euroclear Bank. The information provided in this Securities Tax Information Section of the Euroclear Bank website is for informational purposes only and is not and should not be construed or treated as investment, financial, legal or tax advice. Accordingly, it is each Participant's sole responsibility to verify the tax treatment of each security before acting upon the information contained in this Securities Tax Information Section. Euroclear Bank disclaims any responsibility as to the accuracy and completeness of the information.

Sweden - Lending and borrowing 14/10/2014 Lending and borrowing Sweden Euroclear Bank 5W - What? SLB securities lending securities borrowing

Eligible securities All securities eligible for settlement in Euroclear Bank are eligible for the Euroclear Bank Securities Lending and Borrowing Programme, except: commercial paper warrants stripped issues

Notice periods (in Business Days) Recalls

Pending deliveries

Treasury bills

3

6

Treasury bonds

3

6

Commercial paper

3

6

Medium-term notes

3

6

Corporate bonds

3

6

Mortgage bonds

3

6

Equities

2

6

Warrants

2

6

Government debt securities

Corporate debt securities

Equities and related securities

For more information on the Recall period, consult How recalls work.

Specific feature When a second or subsequent tranche of a multi-tranche issue is distributed in the domestic market after the batch process dated the issuance date (S), you may borrow securities to settle new-tranche securities transaction instructions through the batch process dated S.

SEK - Money transfer 09/11/2012 Money transfer Sweden Euroclear Bank 5W - How? 5W - What? 5W - When? 5W - Where? cash instruction cash transaction

This section gives you all the information you need to send money transfer instructions in the Swedish krona (SEK) via Euroclear Bank: the currency group the Cash Correspondent’s information input and cancellation deadlines specific instruction requirements reporting

Currency group SEK belongs to currency group A.

Cash Correspondents Skandinaviska Enskilda Banken AB, Stockholm

SWIFT BIC: ESSESESS Euroclear Bank account number: 52018532901

Svenska Handelsbanken AB

SWIFT BIC: HANDSESS Euroclear Bank account number: 40367029

Input and cancellation deadlines The Quick cash card gives an overview of the input and cancellation deadlines for money transfer instructions in EUCLID/SWIFT or telex/SWIFT free format.

Specific instruction requirements For your MT 210 instructions, you must input the SWIFT BIC of the relevant Euroclear Bank Cash Correspondent in field :56A:.

Reporting For an overview of all money transfer reports, consult the Cash and credit reporting – Quick Card.

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