General information - Belgium (NBB)

22.03.2021

CBF, CBL and LuxCSD-eligible security types

NBB-eligible securities:

  • Dematerialised Belgian government bonds, e.g. treasury certificates (Certificats de Trésorerie / Schatkistcertificaten), linear bonds (OLOs) (Obligations Linéaires / Lineaire Obligaties), stripped OLOs, treasury bills (Bons du Trésor / Schatkistbons), State notes;
  • Dematerialised securities of other issuers referred to in Article 1 of the Law dated 2 January 1991 related to the Belgian public debt;
  • Dematerialised commercial paper (Billets de Trésorerie / Thesauriebewijzen) and certificates of deposit (Certificats de Dépôt / Depositobewijzen) governed by the Law dated 22 July 1991 on commercial paper and certificates of deposit;
  • Dematerialised obligations referred to in Article 7:62 of the Code of Companies and Associations; and
  • Other fixed-income securities that can circulate under the system provided for in the coordinated Royal Decree n° 62 of 10 November 1967 on the Deposit of Fungible Financial Instruments and the Settlement of Transactions involving such Instruments such as bearer securities or collective bearer securities (global notes) and registered securities.

For the purpose of registration in the NBB of securities other than those issued by the Belgian government, the issuer and the Paying Agent responsible for the financial service relating to the securities in question must have previously concluded a ”service contract” (Annex 19.2) with the NBB concerning the holding and settlement of the securities registered in the NBB.

In the case of securities governed by foreign law or issued by a foreign issuer, the NBB may make eligibility in the NBB conditional on the production of an independent legal opinion confirming the relevant aspects 14 20210201_Terms and conditions governing the participation in the NBB of the securities’ legal validity and the possibility of registering and circulating the security in book entry form in the NBB according to the applicable legislations.

Securities are only identified in the NBB by their ISIN-code and no security can be issued in the NBB as long as its ISIN-code has not been communicated to the NBB.

Securities positions and transactions are exclusively handled in face amount, not in units.

Securities may be index-linked provided that the index value is expressed on a monthly, quarterly or yearly basis.

Depository

Depository

CSD/Local custodian/Agent

CBF

All T2S eligible assets:

NBB
Boulevard de Berlaimont 14
1000 Brussels

Asset servicing local agent:

KBC Bank NV
Havenlaan 12
B-1080 Brussels
Belgium

CBL

All T2S eligible assets:

CLEARSTREAM BANKING AG
Mergenthalerallee 61
D-65760 Eschborn
Germany

Asset servicing local agent:

KBC Bank NV
Havenlaan 12
B-1080 Brussels
Belgium

LuxCSD

All T2S eligible assets:

CLEARSTREAM BANKING AG
Mergenthalerallee 61
D-65760 Eschborn
Germany

Asset servicing local agent:

KBC Bank NV
Havenlaan 12
B-1080 Brussels
Belgium

CBF Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Bundesbank

CBF account:

RTGS account of a direct TARGET2 participant

CBL Cash correspondent details

Currency:

Euro (EUR) via TARGET2

Euro (EUR) via CCB

CCB name:

Banque centrale du Luxembourg

KBC Bank Brussels

CBL account:

See TARGET2 payment instructions

480-9163147-50

SWIFT address:

TRGTXEPMXXX

KREDBEBBXXX

LuxCSD Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Banque centrale du Luxembourg

LuxCSD account:

RTGS account of a direct TARGET2 participant