Market Link Guide - International (CBL)

30.01.2014

Key features

Key services offeredRemarks
Settlement free of and against paymentYesEligible settlement currency: all CBL eligible currencies.
Against payment settlement is available for internal and Bridge instructions only.
Bridge settlementYesCertain currency restrictions may apply (see Eligible Currencies).
Back-to-back processingNo
Lending and borrowingYesDebt securities only
Form of securitiesSettlement method
Book-entrySettlement can be performed at ICSD, CSD, custodian bank or transfer agent level.
Classical Global Note (CGN)Deposit and primary market settlement is performed via the common depositories appointed jointly by the ICSDs.
New Global Note (NGN)
(applicable to international debt instruments in bearer form only)
Deposit is performed via the common safekeepers (CSKs) appointed jointly by the ICSDs.
Primary market settlement is performed via the common service providers (CSPs) appointed jointly the ICSDs.
PhysicalReceipt and delivery of physical certificates can be performed at ICSD, CSD, custodian bank or transfer agent level.