Custody and other services - International
Income collection
| Service offered | Remarks | |
| Notification to customers | No specific deviations from standard reporting provided by CBF. | |
| General information on income proceeds is available in WSS data (a database available from CASCADE and WSS-Online). Information on income proceeds can be retrieved using CASCADE's online KVGI function or CASCADE-PC, under the Custody Services section. This information is available from the 14th business day preceding the payment of proceeds. In addition, an MT564 Income Pre-Advice Report (IPAR) is sent to customers that have subscribed to this service (see the CBF Connectivity Handbook Part III). | ||
| Payment of proceeds | ||
| The cash proceeds (interest, redemptions) are either booked in central bank money (T2-Cash, cycle DD2) or in commercial bank money (foreign currency accounts, 6-series accounts). After successful cash booking (interest, redemptions) an MT566 is sent to the customer - for format description and transmission timeline, see the CBF Connectivity Handbook Part III. | ||
Corporate actions
| Service offered | Remarks | |
| Notification to customers | ||
| General information on income proceeds is available in WSS data (a database available from CASCADE and WSS-Online). Information on income proceeds can be retrieved using CASCADE's online KVGI function or CASCADE-PC, under the Custody Services section. This information is available from the 14th business day preceding the payment of proceeds. In addition, an MT564 Income Pre-Advice Report (IPAR) is sent to customers that have subscribed to this service (see the CBF Connectivity Handbook Part III). | On voluntary and mandatory events, CBF informs customers, on an “as and if received “basis, of unscheduled securities events occurring on account holdings. | |
| Instruction to CBF | ||
| For events for which the notification is published in WSS, customers can instruct CBF to carry out options foreseen in the terms and conditions of the underlying security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants, etc. | Customers are requested to instruct via SWIFT to DAKVDEFF within the deadlines and/or procedures specific to each type of event. In the absence of instructions from its customer, CBF will apply a “default option”, which may differ for each type of event. | |
Proxy Voting procedures
Proxy voting services are available in CBF. Customers that want to vote at general meetings (physically or by proxy) must instruct CBF to register in the name of the shareholder before the general meeting's record date as defined by the respective company. For details on the proxy voting services offered by CBF, please refer to the Customer Handbook.
Entitlement compensation rules
The service for domestic trades (CBF account against CBF account) is identical to the CBF KADI service for the German and other CSD link markets. See the CBF Compensation Handbook. The service for cross-border trades (CBF account against CBL account) follwos the home market rule, in this case the CBL rule.