Custody services - Ukraine

20.08.2019

Income collection

Service offered

Remarks

Notification to customers

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

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

Record date

Pay Date – 1

For Sovereign Debt securities, Tuesday is traditionally the Record Date;

where Payments are occurring on Wednesday (if not banking holiday).


Payment of income 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 proceeds are received.

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

The payment method to be applied is reported via MT564 IPAR and XACT IPAR.

If proceeds are received on payment day before 16:00 local time, they will be credited same day; if the funds are received after 16:00 local time, they will be credited the next available business day.

The standard record date for government, corporate and municipal bonds applied at NBG level is one business day before the payment day.

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

See Connectivity manuals on the Clearstream website under Key documents.

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

UAH withdrawal of fund instructions are currently not available. To withdraw balances originated in UAH you must instruct a Foreign Exchange.

Income Repatriation

National Bank of Ukraine (NBU) has confirmed the allowance of repatriation threshold is not applied to the income proceeds on government bonds.

Corporate actions

Corporate action services are not available in CBL for this market.

Proxy Voting procedures

Proxy voting services are not available in CBL for this market.

Entitlement compensation rules

Not applicable.