Custody and other services ‒ Finland (CBF)
Income collection
Service offered | Remarks |
Notification to clients | |
General information on income proceeds is available in WSS data (a database available from CASCADE and WSS-Online). | No specific deviations from standard reporting provided by CBF apply to the Finnish market. |
Payment of proceeds | |
The distribution of income from Finnish securities is transferred through KADI to the client's cash account on DBBHF on payment date during the 2.SDS processing cycle. | |
Corporate actions
Service offered | Remarks |
Notification to clients | |
General information about corporate events is available in WSS via CASCADE and WSS-Online. | On voluntary and mandatory events, CBF informs clients, on an “as and if received” basis, of unscheduled securities events occurring on account holdings. |
Instruction to CBF | |
For events for which the notification is published in WSS, clients can instruct CBF to carry out options foreseen in the terms and conditions of the underlying security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants. | Clients are requested to instruct via Swift to DAKVDEFF within the deadlines and/or according to the procedures specific to each type of event. In the absence of instructions from its client, CBF will apply a “default option”, which may differ for each type of event. |
Proxy Voting procedures
Proxy voting services are available in CBF for this market. Clients that want to vote at general meetings (physically or by proxy) must instruct CBF to register their shares in the name of the shareholder before the general meeting's record date as defined by the respective company. For details of the proxy voting services offered by CBF, please refer to the CBF Client Handbook and, for market requirements linked to the re-registration and the related specific voting procedures in Finland, to the Securities administration section of the Market Profile - Finland.
Entitlement compensation rules
Please refer to the Clearstream Banking Compensation Handbook.
Other services
Holding restrictions
Finnish securities that are beneficially owned by Finnish nationals or Finnish tax residents cannot be held in CBF.
Note: It is the responsibility of the CBF client to ensure compliance with local holding restrictions. If a requirement is not met, it is the client who will be liable to any related penalty. Clients may wish to seek independent legal advice on the interpretation of Finnish disclosure requirements. For further information, please refer to the Investment regulation section.