Asset servicing - Irish government debt securities - Euroclear Bank
Income collection
CBL record date is payment date -1 business day and ex-date equals payment date.
Income collection
| Service offered | Remarks |
| Notification to customers | |
Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal and Xact File Transfer. | See Section 8 “Asset servicing” of the Customer Handbook. See Connectivity manuals on the Clearstream website. |
| Payment of proceeds | |
Income on debt securities issued before 14 January 1999 are calculated based on the positions recorded at the close of business on the record date, which is 10 business days (local) before the payment 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. Interest on debt securities issued on/after 14 January1999 will be calculated based on the positions recorded at the close of business on the record date, which is one business day (local) before payment 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. 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. | 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 offered | Remarks |
| Notification to customers | |
Standard reporting. | No specific deviations from standard reporting provided by CBL apply to the Irish market. |
| Instruction to CBL | |
Customers may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security, including but not limited to put options, conversions, exercises of warrants, exchanges, detachments 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
Proxy voting services are not available in CBL for this market.