Market Link Guide - Slovenia
CSD link as defined under CSDRa
Type of link
a. CSD Regulation (EU) No 909/2014, Article 2(29).
Klirinško depotna družba d.d. (KDD)
Nova Ljubljanska banka d.d., Ljubljana (NLB)
Country of incorporation
Mirror FIDUCIARY ACCOUNT
Legal Account name/holder
Clearstream Banking S.A - Fiduciarni racun (fiduciary account)
Clearstream Banking S.A.
Settlement in T2S
Settlement free of payment
Settlement against payment
Eligible settlement currency: Euro (EUR).
Settlement against payment in central bank money account of CBL/CBL customer
CBL holds a cash account at NLB. Against payment settlement in EUR takes place on the NLB DCA opened through the Bank of Slovenia.
Slovenian government bonds and treasury bills are Bridge-eligible.
Settlement penalty fees
Hold and Release
Multi Market Securities
Lending and borrowing
Liquidity Hub Connect
Sale and purchase of rights
|Link eligible for use in Eurosystem credit operations|
|Moment of entry of instructions||The moment of successful validation in T2S.|
|Irrevocability of instructions||The moment when the instruction receives “matched” status in T2S.|
|Finality of instructions||The moment when instruction receives “settled” status in T2S.|
The below section is based on the legal opinion obtained by CBL that was issued on 11 June 2020. The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.
No insolvency proceedings against the account operator or the CSD
Liability for negligence
Book-entry regime with in rem rights
No entitlement of the account operator/CSD
Recognition as direct CSD account-holder
Recognition of nominee concept
No right of retention to the account operator/CSD
Segregation of assets at the CSD
No right of use
No upper-tier attachments
Upper tier attachment is not forbidden under local law.
Insolvency of account operator/CSD with no impact on CBL's rights
Shortfall pro-rated among holders
The laws and regulations of Slovenia do not regulate situations or events of shortfall.
|Record keeping period of at least 10 years||Confirmed|
Settlement finality in case of insolvency