Settlement services - International (CBL)
This section applies only to securities received in CBL from, or delivered from CBL to, a counterparty outside CBL (excluding transfers to/from Bridge counterparties).
Pre-matching service
There is no pre-matching for external transactions.
Procedures for external counterparties
Physical securities
| Procedure for the external counterparty | |
| Receipt in CBL | |
| Counterparties delivering securities in favour of a CBL account free of payment must indicate on the shipment advice “deposit in favour of Clearstream Banking beneficiary’s account xxxxx”. Note: Customers that hold physical certificates for issues that are also held as a global certificate with a common depository and would like to deposit them into their CBL account are requested not to send these certificates to the common depository but to contact CBL’s Customer Service to obtain the applicable procedure. | |
| Delivery from CBL | |
| The CBL customer must indicate, in its delivery instruction to CBL, the complete name and address of the beneficiary of the delivery (and not, in this case, the BIC). | |
Investment funds held directly on the register (CFF)
| Procedure for the external counterparty | ||
| Receipt in CBL | ||
| An external counterparty delivering securities free of payment in favour of a CBL customer must indicate the CBL customer’s account to the transfer agent. The counterparty must also fill in a stock transfer form and remit it to the transfer agent (if applicable). | ||
| Delivery from CBL | ||
| An external counterparty receiving securities free of payment from a CBL customer may have to fill in a stock transfer form and remit it to the transfer agent (if applicable). | ||
Procedure for CBL customers
CBL customers receiving or delivering securities free of payment must indicate the name and account number of the external counterparty in their settlement instruction.
Note: The exact instruction formatting can be found in the Xact via SWIFT User Guide and a list of counterparty values for use in instructions is available upon request.
For further information, please refer to the Investment Fund Services section of the CBL Customer Handbook.
Investment funds deposited with common depositories
External free of payment receipts and deliveries of investment funds deposited at a common depository are instructed by the CBL customer and the external counterparty. For detailed specifications and procedures, please contact Vestima Customer Services.