T2S Link Guide - Belgium

06.02.2017

Key features

Key services

Remarks

Settlement free of payment

Yes

Settlement against payment

Yes

Eligible settlement currency: Euro (EUR).

Partial settlement

Yes

Settlement penalty fees

No

 

Pre-matching

Yes

Hold and release

Yes

Linked instructions

Yes

 

Allegements

Yes

Automatic compensation

Yes

Registered securities

Yes

Market claims

Yes

Transformations

Yes

Lending and borrowing

No

Proxy voting

Yes

Investment Funds

No

Sale and Purchase of rights

No

Repo services

No

Market restrictions

No

FTT

No

 

FACTCA GIIN

No

Type of link

CSD or settlement method

 

Direct link

Euroclear Belgium (EBE - formerly CIK SA/NV) via T2S platform

 

CBF-eligible security types

  • Belgian securities (following the CSD of reference concept of ESES):
    • Equities;
    • Equity-linked securities.

Depository

EUROCLEAR BELGIUM
Boulevard du Roi Albert II / Koning Albert II-laan, 1
1210 Saint-Josse Ten Noode
Bruxelles / Brussel

Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Bundesbank

CBF account:

RTGS account of a direct TARGET2 participant

Cash settlement in EUR will take place in T2S on DCAs which are maintained by Bundesbank or any other National Central Bank participating in T2S. Funding of these DCAs is done from the customers’ TARGET2 RTGS accounts.  In T2S, a DCA must be linked to one RTGS account in TARGET2 to which the remaining cash balances on the DCA is swept out at the End of Day (EoD). DCAs must have a zero balance at EoD. The link is only necessary for this purpose and various DCAs can be linked to one RTGS account.