Asset servicing - Ireland - Equities and corporate bonds - Euroclear Bank


Income collection

Record dates for equities are determined by the relevant companies according to domestic market practice and are updated by CBL in accordance with information received from depositories, companies and information suppliers.

Service offeredRemarks
Notification to customers

Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal and Xact File Transfer.

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

See Connectivity manuals on the Clearstream website.

Payment of proceeds

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. 

Income payments following elections in an Optional Dividend (DVOP) or Dividend Reinvestment Plan (DRIP) will be paid to customers only upon receipt of funds. 

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. 

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

a. Ex-date generally falls on a Thursday with the Record date on the following Friday.
b. Record date for equities is determined by the respective company according to domestic market practice is are updated by CBL in accordance with information received from depositories, newspapers, companies and information suppliers.

Corporate actions

Service offeredRemarks
Notification to customers

CBL advises customers of their entitlement to participate in Irish corporate actions (including, but not limited to, stock dividends, rights issues, bonuses and takeovers/mergers).

No specific deviations from standard reporting provided by CBL apply to the Irish market.

Instruction to CBL

Customers may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security.

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

CBL’s custodian Citibank provides limited proxy voting services for Irish equities in Euroclear Bank. Processing of customer voting instructions is done on a "best-efforts" basis without guarantees of timely execution.

Entitlement compensation rules

Please refer to the Entitlement Compensation Rules - Ireland.