Asset servicing

Please refer to the  CBL Client Handbook or CEU OneClearstream Client Handbook, as applicable,  for information about processing, reporting and connectivity for asset servicing.

Income collection

Debt securities

Service offered	Remarks
Notification to clients
Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer.	See Section “Asset servicing” of the relevant Client Handbook. See Connectivity manuals on the Clearstream website.
Payment of proceeds
Interest on Norwegian fixed income securities are calculated based on the positions on the fifteenth calendar day preceding the payment date and paid to the client's account upon successful receipt and reconciliation of funds. Proceeds will be paid with the value with which they are received. Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value. The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR.	For further details on entries qualified as ACL, please refer to the section “Financing: availability of funds” of the relevant Client Handbook.

Equities

Service offered	Remarks
Notification to clients
Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer.	See Section “Asset servicing” of the relevant Client Handbook. See Connectivity manuals on the Clearstream website.
Payment of proceeds
Proceeds are calculated based on the positions recorded at the close of business on the record date and paid to the client's account upon successful receipt and reconciliation of funds. Proceeds will be paid with the value with which they are received. Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value. The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR.	For further details on entries qualified as ACL, please refer to the section “5.6 Financing: availability of funds” of the Client Handbook.

Corporate actions

Service offered	Remarks
Notification to clients
Standard reporting. On voluntary and standard mandatory events, Clearstream informs clients, on an "as and if received” basis, of unscheduled securities events occurring on account holdings.	No specific deviations from standard reporting provided by Clearstream apply to the Norwegian market.
Instruction to Clearstream
Clients may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants etc. In addition, Clearstream informs clients on an "as and if received" basis of unscheduled securities events occurring on account holdings, such as rights offers, reinvestment options, exchange offers, purchase offers, mergers etc.	Clients are requested to instruct within the deadlines and/or procedures specific to each type of event. In the absence of instructions from its client, Clearstream will apply a “default option”, which may differ for each type of event.

Proxy voting procedures

Proxy voting services are available in Clearstream for this market.

Clients that want to vote at general meetings (physically or by proxy) must instruct CBL to register their shares in the name of the beneficial owner prior to the record date (if introduced by the company) of the general meeting, and as defined by the respective company. The re-registered shares must be transferred to a separate VPS account in the name of the beneficial owner. In the case of representation a Power of Attorney is recommended.

For details about the proxy voting services offered by Clearstream, please refer to the relevant Client Handbook.

Transaction management