CFCL General information – Greece
Reference
CFCL eligible fund types
CSD link
Investment funds that are eligible in Greece CSD, Euronext Securities Athens S.A. or T2S can be made eligible in CFCL.
Custody chain and depository
Greece is a T2S market.
The OneClearstream service level provides clients with a single point of access to all T2S markets with comprehensive instruments coverage. This is complemented by full harmonisation of asset services and connectivity channels between CFCL, CBL, and CEU. This service is available to all our clients via a single interface and log-on.
The service description is valid for CFCL clients, unless otherwise highlighted in the documentation. CFCL utilises the T2S infrastructure platform to access Greece’ CSD (Euronext Securities Athens S.A.) through the intermediaries of CBL. CFCL uses CBL as a global custodian across all markets.
Type of link | Indirect |
CSD (as CBL’s depository) | Custodian (as CBL’s depository) | CBL (as CFCL’s depository) | |
Name | Euronext Securities Athens S.A. | Citibank Europe plc, Greece branch | Clearstream Banking S.A. |
FATCA GIIN | C0K19U.00001.ME.300 | NXUTG8.00192.BR.300 | N1V1GJ.00000.LE.442 |
LEI | 213800T8UR2VI6Q2RH18 | N1FBEDJ5J41VKZLO2475 | 549300OL514RA0SXJJ44 |
Country of incorporation | Greece | Ireland | Luxembourg |
Account type | Omnibus | Omnibus | Segregated |
Legal Account name/holder | Clearstream Banking S.A. | Clearstream Fund Centre S.A. | Clearstream Fund Centre S.A. |
Depository - Greece - Euronext Securities Athens S.A.
Depository | CSD/Local custodian/Agent |
CBL | CITIBANK EUROPE PLC GREECE BRANCH |
Operational arrangements
This section describes the operational arrangements of the Greek market:
For CFCL clients | Remarks | |
Settlement in T2S | Yes | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Eligible settlement currency: Euro (EUR) |
Settlement against payment in central bank money | No | Against payment settlement takes place on the cash account of Citibank Europe plc, Greece branch at Bank of Greece. |
Short selling of entitlement | No | |
Settlement penalty fees | Yes | |
Partial settlement | No | |
Recycling | Yes | |
Settlement with Euroclear | No | |
Hold and Release | No | |
Allegements | Yes | |
Transaction Linking | No | |
Bilateral Cancellation | Yes | |
Registered securities | Yes | |
Transaction Management | No | |
Proxy voting | Yes | |
Liquidity Hub Connect | No | |
Sale and purchase of rights | No | |
Repo services | No | |
Market restrictions | No | |
FTT | Yes | Greece: Sales Tax |
Daily reconciliation | Yes | |
Link eligible for use in Eurosystem credit operations | No | |
Moment of entry of instructions | On-exchange transactions concluded at Euronext Securities Athens S.A. securities market: defined as irrevocable from their conclusion at Euronext Securities Athens S.A. regardless of the moment of entry of the respective file to Euronext Securities Athens S.A. OTC transactions: defined as irrevocable from their conclusion regardless of the moment of entry of the respective settlement instructions to Euronext Securities Athens S.A. | |
Irrevocability of instructions | Identical to moment of entry (see above). | |
Finality of instructions | For securities, finality takes place when the transfer of ownership takes place, for instance, when securities are debited/credited to investor accounts, within the batch, and for cash, when a cash credit/debit takes place, at the end of the batch. From an indebtedness point of view, the CSD rules refer to the “settlement moment", for example, the moment under which the settlement (credits/debits) takes place. | |
Legal arrangements
The below section is valid on the date of the legal opinions that were issued and might be subject to change.
The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.
As CBL is our sub-custodian, please refer to the Market Link Guide – Greece – Euronext Securities Athens S.A. for the complete information about Legal arrangements.
Cash correspondent details
Greece - Euronext Securities Athens S.A.
Currency: | Euro (EUR) via CCB | Euro (EUR) via TARGET2 | |
CCB name: | Deutsche Bank AG, Frankfurt | Banque centrale du Luxembourg | |
CBL account: | DE44 5007 0010 0938 2250 00 | ||
Swift address: | DEUTDEFFXXX | TRGTXEPMXXX |
