Asset servicing - Romania

10.09.2019

Income collection

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

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 for CSD eligible securities may be subject to withholding tax and may be paid net. 

Funds under the Available for Cash Loan (ACL) concept, when applicable, 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.

Corporate actions

Service offeredRemarks
Notification to customers
Standard reporting.No specific deviations from standard reporting provided by CBL apply to the Romanian market.
Instruction to CBL
Customers may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants etc.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

Split voting as per final beneficial owner instruction is possible if the final BO is disclosed, final beneficial owners accept to be disclosed accordingly.

Entry card request for physical meeting attendanceYes (Entry card in its proper meaning is not known in Romania, but BRD Groupe Société Générale S.A. may assist as described under "meeting assistance".)
Representative meeting attendanceYes
Proxy voting (electronic without physical attendance)Yes
Calculation of voting entitlement1 vote = 1 share

Meeting attendance

Access to the meeting is allowed through the direct identification of the individual by an identification document.

Shareholders may appoint proxy holders.

  • The appointment should be notified to the issuer in writing.
  • Depending on the issuer, some may ask from the empowered agent an Affidavit, an ID copy and a Certified Statement (Certificat Constatator).

The Agent deadline for receiving the voting instructions is 2 days before the market deadline.

Entitlement compensation rules

Please refer to the Entitlement Compensation Rules - Romania.