Link Guide - International

18.12.2017

Key features

Yes/No

Remarks

Settlement free of payment

Yes 

 

Settlement against payment

Yes

Eligible settlement currency: Euro (EUR) and non-EUR foreign currencies eligible in CBF.

Bridge settlement

No


Shaping facility

No

 

Partial settlement

No

 

Settlement penalty fees

No

 

Pre-matching

No

 

Back-to-back processing

Yes

 

Allegements

No

 

Automatic compensation

Yes

 

Registered securities

Yes

 Selected French Registered equities

Multi Market Securities

Yes

 

Lending and borrowing

No

 

Proxy voting

No

 

Investment Funds

Yes

 

Liquidity Hub Connect

No

 

Sale and purchase of rights

No

 

Repo services

No

 

Market restrictions

No

 

FTT

No

 

FATCA GIIN

No

 

Miscellaneous

Yes

N1V1GJ.00000.LE.442

Type of link

CSD or settlement method

 

Direct CSD link

Clearstream Banking S.A. (CBL)

 

CBF-eligible security types

  • Selected New Global Notes (NGNs);
  • Selected Eurobonds;
  • Selected Eurex-eligible securities;
  • Selected French Registered equities (Michelin S.A. ISIN FR0000121261, Lagardère S.C.A. ISIN FR0000130213 and Gecina S.A. ISIN FR0010040865).
  • Selected LU-ISINs (ETF)s;
  • Finnish securities (debt instruments, equity-linked securities, Finnish Depository Receipts (FDR) with the settlement location or depository Euroclear Finland);
  • Swedish equitiy TELIA, Telia Company, ISIN SE0000667925.

Note: Settlement of French Registered shares and Finnish securities via the direct CBF link to Euroclear France and to Euroclear Finland is no longer supported. Instead, CBF customers can settle French and Finnish securities via the following two steps:

  1. Buy French or Finnish securities from Euroclear France or Euroclear Finland to 6-series accounts in Creation, and then,
  2. Realign the French or Finnish securities from 6-series accounts in Creation to CASCADE (link between CBF and CBL as T2S Out-CSD)

For details on receipts from/deliveries to French or Finnish counterparties, the Creation Link Guides for France and Finland are fully applicable.

Depository

Clearstream Banking S.A.
42 Avenue John F. Kennedy
L-1855 Luxembourg

Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Bundesbank

CBF account:

RTGS account of a direct TARGET2 participant

Pre-matching service

Pre-matching is possible on this market.

Matching is attempted directly in the CSD system and the results are reported to customers as “pre-settlement information”.

Free of payment instructions are required to be matched. This applies both to receipt and delivery instructions. The free of payment matching defaults set on the CBF customer’s account will be used; for example, active matchers must enter their instructions themselves and CASCADE automatically generates the matching instructions for passive matchers.

To ensure matching, CBF customers are recommended to inform their Creation counterparties to instruct with the BIC11 of the CBF counterparty in the second matching field. 

Note: CBF recommends to agree on the usage of a common reference (:20C::COMM) with the counterparty in CBL to avoid cross-matching if it is populated in the settlement instructions of both parties.