Creation Link Guide - Sweden

30.12.2015

Key features

Yes/NoRemarks
Settlement free of paymentYes
Settlement against paymentYes

Eligible settlement currency: Swedish Krona (SEK).

Securities quoted and registered in EUR settle in EUR.

Bridge settlementYes
Shaping facilityNo
Partial settlementNoPartial settlement is not market practice in Sweden.
Settlement penalty feesYes

Refer to Settlement process - Sweden.

Pre-matchingYes
Back-to-back processingNo
AllegementsYes
Automatic compensationYes
Registered securitiesYes

Book-entry securities owned by Clearstream (as foreign investor).

In Euroclear Sweden, equities are registered in the name of Skandinaviska Enskilda Banken as nominee. Fixed income instruments are registered nominee account in the name of SEB for  Clearstream. 

Multi Market SecuritiesYes
Lending and borrowingYes

All Swedish debt securities eligible in CBL qualify for CBL's securities lending and borrowing programme.

Equities and warrants are not eligible for CBL's securities lending and borrowing programme.

Proxy votingYes
Investment FundsNo
Liquidity Hub ConnectNo
Sale and purchase of rightsYes
Repo servicesYes
Market restrictionsYes

Refer to Other services - Sweden.

FTTNo
FATCA GIINYes

S.E. Banken Custody Services: 6BRL9A.00000.LE.752

Euroclear Sweden:                     AB6XWELL.00000.LE752

Type of linkCSD or settlement method
Indirect link via Skandinaviska Enskilda Banken (SEB), StockholmEuroclear Sweden, the Swedish CSD. Settlement system: VPC system - DVP system in accordance with BIS Model 1