Custody services - Germany

09.10.2017

Income collection (OneClearstream Asset services)

Bonds and equities

Service offeredRemarks
Notification to customersNo specific deviations from standard reporting provided by CBF, CBL and LuxCSD apply to the German market.
Standard reporting.
Payment of proceeds
Interest on debt securities is credited to the customer's account in the overnight processing for coupon payment date with same-day value, based on the positions on record date.

Corporate actions (OneClearstream Asset services)

Service offered

Remarks

Notification to customers

Standard reporting. For voluntary and mandatory events CBF, CBL and LuxCSD inform customers, on an "as and if received" basis, of unscheduled securities events occurring on account holdings.

No specific deviations from standard reporting provided by CBF, CBL and LuxCSD apply to the German market.

Instruction to Clearstream

Customers may instruct CBF, CBL and LuxCSD to carry out options foreseen in the terms and conditions of the underlying type of security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants etc.

Customers are requested to instruct within the deadlines and/or procedures specific to each type of event. In the absence of instructions from its customer, CBF, CBL and LuxCSD will apply a “default option”, which may differ for each type of event.

In addition, CBF, CBL and LuxCSD inform customers, on an "as and if received" basis, of unscheduled securities events occurring on account holdings, such as rights offers, reinvestment options, exchange offers, purchase offers, mergers etc.

For further information about Custody Services provided by CBF, please refer to the CBF Customer Handbook.

Proxy Voting procedures

Proxy voting services (including electronic proxy voting and access card request services, for physical attendance at meetings) are available in CBF, CBL and LuxCSD for this market. For details about the proxy voting services offered by CBF, CBL and LuxCSD, please refer to the CBF Customer Handbook, CBL Customer Handbook and LuxCSD Customer Handbook.

Entitlement compensation rules

Please refer to the Clearstream Banking Entitlement Compensation Rules - Germany and the CBF Compensation Handbook.

Transaction management