Asset servicing - Greece - ATHEXCSD
Income collection
Debt securities
| 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 | |
Interest on bonds will be credited in EUR to the customer's account 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 “5.6 Financing: availability of funds” of the Customer Handbook. |
Equities
| 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 | |
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 “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 Greek market. |
| Instruction to CBL | |
Customers can instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security. | Ownership is transferred on settlement date. 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. |
Voluntary events
Split instructions or oversubscription may not be accepted by all issuers unless the entire holding on CBL's account in ATHEXCSD has been exercised in full. CBL will inform customers of any restrictions as and if received.
Mandatory events
For mandatory events (that is, mainly bonus issues and reverse stock splits), record date = ex-date -1 and payment date is usually the fifth or sixth business day after record date; however, security proceeds are credited on an “upon receipt” basis.
Proxy Voting procedures
Proxy voting services are available in CBL for this market.
For details about the proxy voting services offered by CBL, please refer to the CBL Customer Handbook and, for the market-specific practices, please refer to the Market Profile - Greece.
Entitlement compensation rules
Please refer to Entitlement Compensation Rules - Greece.