Form descriptions – Quick Refund – Finnish Treasury bills denominated in EUR (zero coupon notes) (LuxCSD as issuer CSD)
The following is a list of information regarding the various tax forms to be completed in order to benefit from quick refund of withholding tax on redemption payments from Finnish Treasury bills denominated in EUR (issued through LuxCSD as issuer CSD).
The templates of the forms are available in our Tax forms to use section.
One-time Certificate for Finnish Treasury bills denominated in EUR issued through LuxCSD as issuer CSD
Clients have to provide a one-time certification stating information regarding the beneficial owner of the securities and the account structure of the client.
The following rules apply:
How many are provided? | One per account or specified set of accounts. |
Who completes it? | Client. |
How often is it provided? | Once. Valid until revoked. |
When is it provided? | By 10:00 CET on the third calendar day (or the first business day thereafter if the third calendar day is not a business day) of the month following the redemption date. |
Copy or original? | Original required. |
Per-payment instruction
Clients holding on behalf of the following beneficial owners must, in addition to the One-Time Certificate, also send a per-payment instruction:
Applicable box ticked in One-Time Certificate | Beneficial owner type |
B.2 | Several beneficial owners who are
|
Clients must submit their per-payment instruction via an MT565 Corporate Action Instruction message in Xact via Swift or a corporate action instruction in Xact Web Portal when requesting quick refund on redemption payments paid on Finnish Treasury bills denominated in EUR (zero coupon notes issued through LuxCSD as issuer CSD).
The per-payment instruction must be provided per each beneficial owner, and must include:
- LuxCSD account number;
- ISIN code;
- Corporate Event ID;
- Total holdings;
- Requested tax rate;
- Number of securities to which the requested tax rate applies.
Additionally, the following formatting information is required in the per-payment instruction, in the following sections, depending on the beneficial owner type:
Beneficial owner details | Xact via Swift (Sequence C: BENODET) | Xact Web Portal (Section: Beneficial owner details) |
All beneficial owners | ||
Legal status:
| :70E::CETI | Narrative |
Finnish resident legal entities only | ||
Full name | :95V::OWND | Party |
Country of tax residence (Finland) | :94C::DOMI | Country of domicile |
Finnish Business ID | :95S::ALTE//TXID | BO TIN |
Finnish resident individuals only | ||
Full name | :95V::OWND | Party |
Country of tax residence (Finland) | :94C::DOMI | Country of domicile |
Personal ID (individuals only) | :95S::ALTE//TXID | BO TIN |
For full formatting requirements of these instructions, clients should refer to the MT564 Corporate Action Notification message and to the Xact via Swift User Guide.
How many are provided? | One per Clearstream Banking account and per each tax rate and country of residence required. |
Who completes it? | Client. |
How often is it provided? | Per relevant payment. |
When is it provided? | By 10:00 CET on the third calendar day (or the first business day thereafter if the third calendar day is not a business day) of the month following the redemption date. |
Copy or original? | The per-payment instruction must be delivered via an Xact via Swift (formatted MT565) or Xact Web Portal message. |