Regulatory Alerts1999-03-30
Instruction COSOB No. 99-04 of October 11, 1999, on Coupons of Debt Securities
The COSOB issued Instruction No. 99-04 on October 11, 1999, to establish the calculation methods for coupons of debt securities listed on the official stock exchange. The regulation specifies that accrued coupon fractions include the settlement period defined in Decision No. 03/99 and assigns coupon rights to investors holding the securities four business days prior to the payment date. This instruction entered into force immediately upon its signature by the President in Algiers.
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