T2S Link Guide - Netherlands

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

Yes

Type of link

CSD or settlement method

 

Direct link

Euroclear Nederland NV (ENL) via T2S platform

 

CBF-eligible security types

Dutch securities (following the CSD of reference concept of ESES):

  • Debt instruments;
  • Money market instruments (including commercial papers, treasury notes and treasury bills);
  • Equities and equity-linked securities.

Depository

EUROCLEAR NEDERLAND
Damrak 70
PO Box 199163
NL-1000 Amsterdam

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.