Market Link Guide - Slovenia
Key features
CSD link as defined under CSDRa | Yes |
Type of link | Direct Operated |
a. CSD Regulation (EU) No 909/2014, Article 2(29).
CSD | Account operator | |
Name | Klirinško depotna družba d.d. (KDD) | Nova Ljubljanska banka d.d., Ljubljana (NLB) |
FATCA GIIN | Not available | DQANI4.00000.LE.705 |
LEI | 48510000JZ17NWGUA510 | 5493001BABFV7P27OW30 |
Country of incorporation | Slovenia | Slovenia |
Account type | FIDUCIARY ACCOUNT | Mirror FIDUCIARY ACCOUNT |
Legal Account name/holder | Clearstream Banking S.A - Fiduciarni racun (fiduciary account) | Clearstream Banking S.A. |
Operational arrangements
Yes/No | Remarks | |
Settlement in T2S | Yes | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Eligible settlement currency: Euro (EUR). |
Settlement against payment in central bank money account of CBL/CBL customer | No | CBL holds a cash account at NLB. Against payment settlement in EUR takes place on the NLB DCA opened through the Bank of Slovenia. |
Bridge settlement | Yes | Slovenian government bonds and treasury bills are Bridge-eligible. |
Settlement penalty fees | Yes | Please see details in Settlement services |
Partial Settlement | No | Please see details in Settlement services |
Hold and Release | No | Please see details in Settlement services |
Recycling | Yes | Please see details in Settlement services |
Allegements | No | |
Transaction Linking | No | |
Bilateral Cancellation | Yes | Please see details in Settlement services |
Registered securities | No | |
Transaction Management | Yes | |
Multi Market Securities | Yes | |
Lending and borrowing | Yes | |
Proxy voting | Yes | |
Investment Funds | No | |
Liquidity Hub Connect | No | |
Sale and purchase of rights | No | |
Repo services | Yes | |
Market restrictions | No | |
FTT | No | |
| Daily reconciliation | Yes | |
| Link eligible for use in Eurosystem credit operations | Yes |
| Moment of entry of instructions | The moment of successful validation in T2S. |
| Irrevocability of instructions | The moment when the instruction receives “matched” status in T2S. |
| Finality of instructions | The moment when instruction receives “settled” status in T2S. |
Legal arrangements
The below section is based on the legal opinion obtained by CBL that was issued on 11 October 2023. The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.
No insolvency proceedings against the account operator or the CSD | Confirmed |
Liability for negligence | Confirmed |
Book-entry regime with in rem rights | Confirmed |
No entitlement of the account operator/CSD | Confirmed |
Recognition as direct CSD account-holder | Confirmed |
Recognition of nominee concept | Confirmed |
No right of retention to the account operator/CSD | Confirmed |
Segregation of assets at the CSD | Confirmed |
No right of use | Confirmed |
No upper-tier attachments | Upper tier attachment is not forbidden under local law. |
Insolvency of account operator/CSD with no impact on CBL's rights | Confirmed |
Shortfall pro-rated among holders | The laws and regulations of Slovenia do not regulate situations or events of shortfall. |
| Record keeping period of at least 10 years | Confirmed |
Settlement finality in case of insolvency | Confirmed |