Asset servicing - Irish government debt securities - Citibank
Income collection
Service offered | Remarks |
Notification to customers | |
Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal and Xact File Transfer. | See Section 8 “Asset servicing” of the Customer 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 customer'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 Customer Handbook. |
Corporate actions
Service offered | Remarks |
Notification to customers | |
Standard reporting. In addition, CBL informs customers, 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. | No specific deviations from standard reporting provided by CBL apply to the Irish market. |
Instruction to CBL | |
Customers may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security, including but not limited to exchanges, call options exercises etc. | |