Chapter STSM133010

Published date07 March 2016
Record NumberSTSM133010

CREST calculates and collects Stamp Duty Reserve Tax (SDRT) on the basis of electronic messages, or inputs, made by its participants. When a participant reports a securities transaction to CREST there are a number of mandatory fields that must be completed to enable the transaction to be completed or ‘settled’. These include:

  • the date of the agreement to transfer chargeable securities
  • the intended date of settlement, i.e. the date the parties have agreed that the transaction should be completed by the movement of the stock in one direction and consideration in the other
  • a description of the...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT