General information - Portugal

14.12.2020

CBF, CBL and LuxCSD-eligible security types

  • Government bonds:
    • Bilhetes do Tesouro (BT);
    • Fundos de Investimento Publico (FIP);
    • Obrigações do Tesouro (OT);
    • Obrigações do Tesouro de Rendimento Variável (OTRV);
  • Corporate bonds;
  • Listed equities;
  • Warrants.

Eligibility requirements

According to Portuguese Decree-Law 193/2005 and in order to allow the holding of Portuguese debt securities, customers must provide a Portuguese Debt Securities - One-time Declaration of Beneficial Ownership certifying that the final beneficial owners do not fall into the market-specific categories that are not entitled to exemption from Portuguese withholding tax.

Note: Law 83/2013, which removed the restrictions on holdings by or on behalf of non-exempt beneficial owners at the ICSDs, remains applicable only to securities still falling under the previous wording of Decree Law 193/2005.

Depository

Depository

CSD/Local custodian/Agent

CBF

All T2S eligible assets

Interbolsa – Sociedade Gestora de Sistemas de Liquidação e de Sistemas Centralizados de Valores Mobiliários, S.A.
Avenida da Boavista, 3433
4100-138 Porto – Portugal

Asset Servicing local agent:
 

BNP PARIBAS SECURITIES SERVICES
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France

CBL

All T2S eligible assets

CLEARSTREAM BANKING AG
Mergenthalerallee 61
D-65760 Eschborn
Germany

Asset Servicing local agent:

BNP PARIBAS SECURITIES SERVICES
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France

Custodian:

BNP PARIBAS SECURITIES SERVICES
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France

LuxCSD

All T2S eligible assets:

CLEARSTREAM BANKING AG
Mergenthalerallee 61
D-65760 Eschborn
Germany

Asset Servicing local agent:

BNP PARIBAS SECURITIES SERVICES
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France

CBF Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Bundesbank

CBF account:

RTGS account of a direct TARGET2 participant

CBL Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Banque centrale du Luxembourg

CBL account:

See TARGET2 payment instructions

SWIFT address:

TRGTXEPMXXX

LuxCSD Cash correspondent details

Currency:

Euro (EUR) via TARGET2

CCB name:

Banque centrale du Luxembourg

LuxCSD account:

RTGS account of a direct TARGET2 participant