Swiss physical securities

Physical deposit

To deposit physical certificates, CBL/CEU clients should first check with Clearstream if such a deposit is feasible. CBL/CEU clients are requested to send their request via email to Client Services. The email should include a copy of the certificate.

Upon confirmation from Clearstream, CBL/CEU clients will be requested to send a Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – Swiss Physical”, containing the deposit instruction and the beneficial owner details.

CBL/CEU clients will be informed on the status of the request via email and will be provided with the delivery advice including the order reference to be used for the physical delivery of the certificate. The certificate and related delivery advice must be sent by CBL/CEU clients to:

SIX SIS AG
Baslerstrasse 100
P.O. Box
CH-4601 Olten
Switzerland

Important Note: CBL/CEU clients must mention into which Clearstream BP ID (LU 101’193) and CBL/CEU client account the certificates should be credited. If no information is mentioned on the delivery advice, the package might be returned back to the sender at the expense of the client.

Once the process is completed, the physical deposit will be reflected on the CBL/CEU client account and reported in the MT535 holding statement.

Important Note: To be accepted, the securities must be SIX SIS AG eligible and the certificates must be in negotiable form. If they are not, all documents will be returned to the sender at the expense of the client.

Important Note: The CEU clients can hold the physical securities on their accounts only if Stock Exchange Listed.

Dematerialisation of a physical certificate

To deliver a physical certificate for a dematerialisation, CBL/CEU clients should first check with Clearstream if the delivery is feasible. CBL/CEU clients are requested to send their request via email to Client Services. The email should include the copy of the certificate.

Upon confirmation from Clearstream, CBL/CEU clients will be requested to send:

• The physical certificate to the responsible share register or custodian bank; and
• A Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – Swiss Physical”, including the trade details and additionally specifying:
  • “PH-RE <name, address and date of birth of final beneficiary owner>”, for Registered Shares that should remain registered in book-entry form
    Note: Registered positions will be kept blocked and are therefore not transferable. Clients should refer to the Market Link Guide further information; or
  • “PH-DI”, for Registered Shares that should be deregistered; or
  • “PH-NO”, to keep Funds units in book-entry form.

Once the process is completed and the certificates are destroyed by the Share Register/Custodian bank, the position will be reflected on the CBL/CEU client account and reported in the MT535 holding statement.

Important Note: For Registered Shares, the registered positions of the clients will be blocked.

Physical/book-entry withdrawal

To withdraw physical certificates, CBL/CEU clients will be requested to send a Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – Swiss Physical”, containing the withdrawal instruction with all relevant information (beneficial owner details, address of physical delivery, need for registration).

The client’s position will be blocked. The delivery of the physical certificate will be initiated by SIX SIS AG or responsible share register or custodian bank.

Once the process is completed, the position will be unblocked and booked out on the CBL/CEU client account. Such a position will no longer be reported in the MT535 holding statement.

Fees

A fee of CHF 125 will be charged to the CBL/CEU client per each deposit or withdrawal.

Transfer of the physical securities

External transfers of physical securities for CBL clients are subject to the procedure as described above. External transfers of physical securities for CEU clients are not supported. Securities should be realigned to CBL first.

Internal transfers (CBL-CBL, CEU-CEU, CBL-CEU) for physical securities which are registered at BO level are subject to the procedure as described above.

Internal transfers (CBL-CBL, CEU-CEU, CBL-CEU) for physical securities which are not registered or registered at the name of Clearstream can be executed via a standard settlement instruction.