Custody and other services - CASCADE - Switzerland
Income collection
Debt securities
| Service offered | Remarks |
| Notification to clients | |
Standard reporting. | No specific deviations from standard reporting provided by CEU apply to the Swiss market. |
| Payment of proceeds | |
| According to Swiss market practice, holdings that are entitled to participate in an entitlement are stored as of start of day processing on ex date. Interest on Swiss bonds is credited to the client's account in the night-time processing for coupon payment date with same-day value, based on the positions on the record date as defined above. | The distribution of interest on Swiss securities is executed via Creation. |
Equities
| Service offered | Remarks |
| Notification to clients | |
Standard reporting. | No specific deviations from standard reporting provided by CEU apply to the Swiss market. |
| Payment of proceeds | |
| According to Swiss market practice, holdings that are entitled to participate in an entitlement are stored as of start of day processing on ex date. Dividend payments are credited to the client's account during the night-time processing for the dividend payment date with same-day value. | The distribution of dividends on Swiss securities is executed via Creation. |
Corporate actions
| Service offered | Remarks |
| Notification to clients | |
Clearstream advises clients of their entitlement to participate in Swiss corporate actions (including, but not limited to, rights issues, stock split and tender offer). | No specific deviations from standard reporting provided by CEU apply to the Swiss market. |
| Instruction to CEU | |
Clients may instruct CEU to carry out options foreseen in the terms and conditions of the underlying type of security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants etc. | In addition, CEU informs clients, on an “as and if received” basis, of unscheduled securities events occurring on account holdings, such as rights offer, reinvestment options, exchange offers, purchase offers, mergers etc. |
Proxy Voting procedures
Proxy voting services are not available in CEU for this market.
Entitlement compensation rules
Please refer to the Clearstream Compensation Handbook.
Other services
Securities lending and borrowing
All Swiss debt securities eligible in CEU qualify for CEU’s securities lending and borrowing programme.
Foreign exchange
Foreign exchange services for CHF resulting from income proceeds are automatically available to clients. To complete foreign exchange conversions for CHF, clients should contact CEU’s Treasury Desk directly by an authenticated communications medium.
Holding restrictions
Please refer to the Investment regulation section of the Market Profile - Switzerland.
Tax services
Please refer to the Clearstream Switzerland Tax area.