Asset servicing - Canada

10.09.2019

Income collection

Debt securities

Service offeredRemarks
Notification to customers
Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal, CreationOnline and Xact File Transfer. 

See Section 8 “Asset servicing” of the Customer Handbook.  

See Connectivity manuals on the Clearstream website.

Payment of proceeds

Interest on bonds will be credited to the customer's account at the start of real-time processing for the coupon payment date, with same-day value, based on the positions recorded at the close of business one day prior to the payment date. 

Proceeds are calculated based on the positions recorded at the close of business one day prior to the payment date and paid to the customer's account upon successful receipt and reconciliation of funds. Proceeds will be paid  with the value with which they are received. 

Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value.  

The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR. 

Ownership is transferred on settlement date. 

For further details on entries qualified as ACL, please refer to the section “5.6 Financing: availability of funds” of the Customer Handbook

Equities

Service offeredRemarks
Notification to customers
Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal, CreationOnline and Xact File Transfer.

See Section 8 “Asset servicing” of the Customer Handbook.  

See Connectivity manuals on the Clearstream website.

Payment of proceeds

The record date for equities is determined by the relevant companies according to domestic market practice (usually between two to four weeks before payment date). Dividends proceeds are calculated based on the positions recorded at the close of business on the record date and paid to the customer's account upon successful receipt and reconciliation of funds. Proceeds will be paid with the value with which they are received.

Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value.

The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR.

Ownership is transferred on settlement date.

For further details on entries qualified as ACL, please refer to the section “5.6 Financing: availability of funds” of the Customer Handbook

Corporate actions

Service offeredRemarks
Notification to customers
Standard reporting.No specific deviations from standard reporting provided by CBL apply to the Canadian market.
Instruction to CBL
Customers may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security.Ownership is transferred on settlement date.

In addition, CBL informs 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.

Proxy Voting procedures

Proxy voting services are available in CBL for this market. For details about the proxy voting services offered by CBL, please refer to the CBL Customer Handbook and, for the market specific practices, please refer to the Market Profile - Canada.

Entitlement compensation rules

Please refer to the Entitlement Compensation Rules Guide - Canada.