Custody and other services - International
Income collection
| Service offered | Remarks | |
| Notification to clients | No specific deviations from standard reporting provided by CEU. | |
| 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 clients that have subscribed to this service (see the CEU 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 client - for format description and transmission timeline, see the CEU Connectivity Handbook Part III. | ||
Corporate actions
| Service offered | Remarks | |
| Notification to clients | ||
| 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 clients that have subscribed to this service (see the CEU Connectivity Handbook Part III). | On voluntary and mandatory events, CEU informs clients , on an “as and if received “basis, of unscheduled securities events occurring on account holdings. | |
| Instruction to CEU | ||
For events for which the notification is published in WSS, clients can instruct CEU 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. | Clients 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 client, CEU will apply a “default option”, which may differ for each type of event. | |
Proxy Voting procedures
Proxy voting services are available in CEU. Clients that want to vote at general meetings (physically or by proxy) must instruct CEU 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 CEU, please refer to the Client Handbook.
Entitlement compensation rules
The service for domestic trades (CEU account against CEU account) is identical to the CEU KADI service for the German and other CSD link markets. See the CEU Compensation Handbook. The service for cross-border trades (CEU account against CBL account) follwos the home market rule, in this case the CBL rule.