Creation Link Guide - Czech Republic

06.12.2016

Key features

Yes/NoRemarks
Settlement free of paymentYes 
Settlement against paymentYes 
Bridge settlementYes 
Shaping facilityNo  
Partial settlementNo  
Settlement penalty feesNo  
Pre-matchingYes 
Back-to-back processingYes 
AllegementsYes 
Automatic compensationNo  
Registered securitiesNo Equities are mostly bearer. But there could be some registered equities when the issuers may decide to re-materialise the shares through a corporate action. Customers will be notified accordingly.
Multi Market SecuritiesYesMultilisted securities exist in the market; these are held by the local CSD on their account with CBL.
Lending and borrowingYes 
Proxy votingYes 
Investment FundsNo  
Liquidity Hub ConnectNo  
Sale and purchase of rightsNo  
Repo servicesNo  
Market restrictionsNo
FTTNo  
FATCA GIINYes938A8A.00069.ME.203
Miscellaneous No
Type of linkCSD or settlement method
Direct link to CSD Prague operated by UniCredit Bank Czech Republic and Slovakia, a.s.CSD Prague
Indirect link for CNB via UniCredit Bank Czech Republic and Slovakia, a.s.SKD system at the Czech National Bank (CNB)