Asset servicing - Canada
Reference
Please refer to the CBL Client Handbook or CEU OneClearstream Client Handbook, as applicable, for information about processing, reporting and connectivity for asset servicing.
Income collection
Debt securities
| Service offered | Remarks |
| Notification to clients | |
| Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer. | See Section “Asset servicing” of the relevant Client handbook. See Connectivity manuals on the Clearstream website. |
| Payment of proceeds | |
Interest on bonds will be credited to the client's account at the start of real-time processing for the coupon payment date, with same-day value, based on the positions recorded at the close of business one day prior to the payment date. Proceeds are calculated based on the positions recorded at the close of business one day prior to the payment date and paid to the client's account upon successful receipt and reconciliation of funds. Proceeds will be paid with the value with which they are received. Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value. The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR. | Ownership is transferred on settlement date. For further details on entries qualified as ACL, please refer to the section “Financing: availability of funds” of the relevant Client handbook. |
Equities
| Service offered | Remarks |
| Notification to clients | |
Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer. | See Section “Asset servicing” of the relevant Client handbook. See Connectivity manuals on the Clearstream website. |
| Payment of proceeds | |
The record date for equities is determined by the relevant companies according to domestic market practice (usually between two to four weeks before payment date). Dividends proceeds are calculated based on the positions recorded at the close of business on the record date and paid to the client's account upon successful receipt and reconciliation of funds. Proceeds will be paid with the value with which they are received. Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value. The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR. | Ownership is transferred on settlement date. For further details on entries qualified as ACL, please refer to the section “Financing: availability of funds” of the relevant Client handbook. |
Corporate actions
| Service offered | Remarks |
| Notification to clients | |
Standard reporting. | No specific deviations from standard reporting provided by CBL apply to the Canadian market. |
| Instruction to CBL | |
Clients may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security. | Ownership is transferred on settlement date. In addition, CBL informs clients, 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
Proxy voting services are available in CBL for this market. For details about the proxy voting services offered by CBL, please refer to the CBL Client Handbook or CEU OneClearstream Client Handbook and, for the market specific practices, please refer to the Market Profile - Canada.
Transaction Management rules
Please refer to the Transaction Management Rules - Canada.
