Asset servicing – Slovak Republic


Income collection

Service offeredRemarks
Notification to clients

Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer.

See the section “Asset servicing” of the relevant Client Handbook (CBF OneClearstream, CBL, LuxCSD).

See Connectivity manuals.

Payment of proceeds

Proceeds are calculated based on the positions recorded at the close of business on the record 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 “Financing: availability of funds” of the respective Client Handbook (CBF OneClearstream or CBL).

Corporate actions

Service offeredRemarks
Notification to clients

Standard reporting. For voluntary and mandatory events, Clearstream Banking informs clients, on an "as and if received" basis, of unscheduled securities events occurring on account holdings.

No specific deviations from standard reporting provided by Clearstream Banking apply to the Slovak market.

Instruction to Clearstream Banking

Clients may instruct Clearstream Banking 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.

Clients are requested to instruct within the deadlines and/or procedures specific to each type of event. In the absence of instructions from its client, Clearstream Banking will apply a “default option”, which may differ for each type of event.

In addition, Clearstream Banking 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 Clearstream Banking for this market. For details about the proxy voting services offered by Clearstream Banking, please refer to the relevant Client Handbook (CBF OneClearstream, CBL, LuxCSD) and, for the market specific practices, please refer to the Market Profile – Slovak Republic.

Please note that due to the ad hoc requirements of each issuer, clients should be aware that additional documentation may be requested ahead of the general meeting and successful submission of votes will depend on timely provision of requested documentation.

Entitlement compensation rules

Please refer to the Transaction Management Rules – Slovak Republic.

Transaction management

CDCP does not offer a market claims and transformation service.