General information - Spain
Eligible security types
- Public debt securities:
- Government bonds (Bonos y Obligaciones del Estado including “Segredables”/strippable bonds) with the exception of securities issued with Administrador de Infrastructuras Ferroviaras (Entidad Publica Empresarial) (also known as ADIF-ALTA velocidad) which are eligible in CBL only;
- Stripped securities/implicit return on public debt (Cupon Segregado (strip) and Principal Segregado (stripped bond)): Letras del Tesoro; Pagarés;
- Implicit return on securities issued by Instituto Valenciao de Finanzas;
- Zero coupon with maturity below or equal to12 months1;
- Treasury bills (Letras del Tesoro);
- Regional Bonds;
- Corporate Bonds;
- Listed equities including regional equities;
- Listed warrants;
- Exchange Traded Funds;
- Multi-listed securities (CBL only, Home CSD outside T2S);
- LATIBEX securities (eligible in CBL only);
- Matador securities (eligible in CBL only).
Depository
Depository | CSD/Local custodian/Agent |
CBF | All T2S eligible assets Iberclear Asset Servicing local agent: BANCO BILBAO VIZCAYA ARGENTARIA (BBVA) |
CBL | All T2S eligible assets CLEARSTREAM BANKING AG Asset Servicing local agent: BANCO BILBAO VIZCAYA ARGENTARIA (BBVA) Custodian (non-T2S securities): BANCO BILBAO VIZCAYA ARGENTARIA (BBVA) |
LuxCSD | All T2S eligible assets: CLEARSTREAM BANKING AG Asset Servicing local agent: BANCO BILBAO VIZCAYA ARGENTARIA (BBVA) |
CBF cash correspondent details
Currency: | Euro (EUR) via T2 RTGS |
CCB name: | Bundesbank |
CBF account: | RTGS DCA of a direct T2 RTGS participant |
CBL cash correspondent details
| Currency: | Euro (EUR) via CCB | Euro (EUR) via T2 RTGS |
| CCB name: | Deutsche Bank AG, Frankfurt | Banque centrale du Luxembourg |
| CBL account: | DE44 5007 0010 0938 2250 00 | |
| SWIFT address: | DEUTDEFFXXX | TRGTXEPMRTG |
LuxCSD cash correspondent details
Currency: | Euro (EUR) via T2 RTGS |
CCB name: | Banque centrale du Luxembourg |
LuxCSD account: | RTGS DCA of a direct T2 RTGS participant |
------------------------------------------
1. Zero-coupon bonds with a maturity above 12 months are not eligible in Clearstream Banking. Also, clients are not allowed to hold Spanish stripped securities (regardless of maturity) or zero-coupon bonds with maturity below or equal to 12 months on behalf of beneficial owners that are Spanish resident individual taxpayers.
However, there are no holding restrictions on stripped securities or zero-coupon securities with maturity below or equal to 12 months for beneficial owners that are Spanish non-resident or Spanish resident corporate income taxpayers, for which the above disclosure requirements apply.