General information – France
CEU, CBL and LuxCSD-eligible security types
- Bons du Trésor Négociables (BTN) consisting of:
- Bons à taux fixe et intérêts annuels (BTAN);
- Bons à taux fixe et intérêts précomptés (BTF);
- Corporate bonds;
- Parts de fonds communs de Créances (PFCC);
- Titres de Créances Négociables (TCN) consisting of:
- Billets de Trésorerie (BT);
- Bons à Moyen Terme Négociables (BMTN);
- Bons des Institutions Financières Spécialisées (BIFS);
- Certificats de Dépôts (CD);
- Semi-government bonds;
- Investment funds in dematerialised bearer form and foreign investment funds eligible in Euroclear France (EF), that is, OPCVMs - Organismes de Placement Collectif en Valeurs Mobilières (except for LuxCSD);
- Equities in bearer and registered form, and equity products;
- Loyalty bonus shares (CEU and CBL only);
- Warrants;
- Multi-listed securities (Home CSD outside T2S).
French registered securities
French registered securities are divided into two different types:
- “Valeurs Essentiellement Nominatives” (VEN) or essentially registered securities: These securities exist / can be traded under the registered form only.
- “Valeurs Occasionnellement Nominatives” (VON) or securities registered occasionally: These securities are commonly issued in bearer form but can be converted to registered form. Trading only takes place for the securities in bearer form. VON once registered can not be settled. Some VON are subject to LBS program
Loyalty bonus shares ("Primes de fidélité")
Loyalty bonus shares ("Primes de fidélité") provide their holders with an entitlement to a Loyalty bonus provided that the relevant shares have been held in registered form, in the name of the final beneficiary for at least two entire calendar years.
Loyalty bonus shares registered in the name of the final beneficiary will be settled via BNP Paribas S.A.
The following table summarises which type of securities are eligible via which link:
Form | Eligibility CBL | Eligibility CEU | Eligibility LuxCSD | |
VEN | Registered | Direct link to CEUa for holding Euroclear France/T2S eligible securities | Direct link to Euroclear France a | Not eligible |
VON | Bearer and Registered | Direct link to CEU for holding Euroclear France/T2S eligible securities | Direct link to Euroclear France | Direct link to CEU for holding Euroclear France/T2S eligible securities (Bearer only) |
Loyalty bonus shares | Bearer and Registered | Direct link to CEU for holding Euroclear France/T2S eligible securities | Direct link to Euroclear France | Not eligible |
a. CEU will access Euroclear France as investor CSD via LuxCSD.
Depository
Depository | CSD/Local custodian/Agent |
CEU | All T2S-eligible assets EUROCLEAR FRANCE Asset servicing local agent: BNP Paribas S.A., PARIS |
CBL | All T2S-eligible assets Clearstream Europe AG Custodian/Depository for all non-T2S eligible assets (1F) BNP Paribas S.A., PARIS Account operator/Depository BNP Paribas S.A., PARIS |
LuxCSD | All T2S eligible assets: Clearstream Europe AG |
CEU Cash correspondent details
Currency: | Euro (EUR) via T2 RTGS |
CCB name: | Bundesbank |
CEU account: | RTGS DCA of a direct T2 RTGS participant |
CBL Cash correspondent details
Currency: | Euro (EUR) via T2 RTGS |
CCB name: | Banque centrale du Luxembourg |
CBL account: | |
Swift address: | 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 |