Custody and other services - CASCADE - Switzerland

27.05.2020

Income collection

Debt securities

Service offeredRemarks
Notification to customers

Standard reporting.

No specific deviations from standard reporting provided by CBF apply to the Swiss market.

Payment of proceeds
According to Swiss market practice, holdings that are entitled to participate in an entitlement are stored as of start of day processing on ex date.

Interest on Swiss bonds is credited to the customer's account in the night-time processing for coupon payment date with same-day value, based on the positions on the record date as defined above.

The distribution of interest on Swiss securities is executed via Creation.

Equities

Service offeredRemarks
Notification to customers

Standard reporting.

No specific deviations from standard reporting provided by CBF apply to the Swiss market.

Payment of proceeds
According to Swiss market practice, holdings that are entitled to participate in an entitlement are stored as of start of day processing on ex date.

Dividend payments are credited to the customer's account during the night-time processing for the dividend payment date with same-day value.

The distribution of dividends on Swiss securities is executed via Creation.

Corporate actions

Service offeredRemarks
Notification to customers

Clearstream Banking advises customers of their entitlement to participate in Swiss corporate actions (including, but not limited to, rights issues, stock split and tender offer).

No specific deviations from standard reporting provided by CBF apply to the Swiss market.

Instruction to CBF

Customers may instruct CBF 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, CBF informs customers, on an “as and if received” basis, of unscheduled securities events occurring on account holdings, such as rights offer, reinvestment options, exchange offers, purchase offers, mergers etc.

Proxy Voting procedures

Proxy voting services are available for this market (please refer to the Customer Handbook).

Entitlement compensation rules

Please refer to the Clearstream Banking Compensation Handbook.

Other services

Securities lending and borrowing

All Swiss debt securities eligible in CBF qualify for CBF’s securities lending and borrowing programme.

Foreign exchange

Foreign exchange services for CHF resulting from income proceeds are automatically available to customers. To complete foreign exchange conversions for CHF, customers should contact CBF’s Treasury Desk directly by an authenticated communications medium.

Holding restrictions

Please refer to the Investment regulation section of the Market Profile - Switzerland.

Tax services

Please refer to the Clearstream Banking Switzerland Tax area.