CSD Services

Clearstream Banking Frankfurt (CBF) offers its customers custody services for their securities positions in collective safe custody, either kept directly with CBF or through CBF, in accordance with Section 5 of the German Securities Deposit Act.

In the field of income, CBF offers settlement and payment as well as the collection of repayments and redemption, income (interest and dividends), and commission. In the field of non-income, CBF settles mandatory corporate action events (e.g. the allocation of rights and exchange of shares) and voluntary corporate action events (e.g. tender offers).

CBF generally settles transactions where the securities are traded 'cum', i.e. with a claim (such as a coupon), and delivered 'ex', i.e. without a claim. In the field of taxation, CBF offers services to both customers residing in Germany and customers outside Germany, for a great number of markets.

CBF customers have access to pre-advice of forthcoming AGMs/ EGMs and can benefit from proxy voting services, such as the exercise of voting rights.

Customers who use the SWIFT MT564 service can also benefit from additional services for issuing instructions in the event of voluntary corporate action events or for buying and selling subscription rights through CBF.

Detailed information on the custody services offered by CBF can be found in the CBF Customer Handbook (German version only).