Our Corporate Governance and Business Ethics describes the code of conduct for the management and supervision of OeKB CSD. It is chiefly determined by the regulations laid down by the Central Securities Depositories Regulation (CSDR).

OeKB CSD GmbH is a limited liability company (GmbH) and is a 100% subsidiary of Oesterreichische Kontrollbank Aktiengesellschaft (OeKB).

It is operated by two Managing Directors, who are jointly responsible for the business. Its bodies are the Management Board, the General Meeting and the Supervisory Board, which sets up committees in the fields of risk, remuneration and audit. The Management Board reports to the Supervisory Board on a regular basis, and the Management Board and the Supervisory Board report to the General Meeting. 

You will find our Corporate Governance and Business Ethics and the related requirements of the CSDR if you click on the links below:

Corporate Governance and Business Ethics

Central Securities Depositories Regulation (CSDR)

Central Securities Depository Regulation (CSDR) Delegated Regulation

You will find information pursuant to Art. 65a BWG on our Fit & Proper Policy as well as on our remuneration policy here:

Information pursuant to Art. 65a BWG

Consistent with its mandate and taking account of the regulatory objectives, OeKB CSD avoids any counterparty, market and liquidity risks. This is accomplished by designing services and business processes accordingly (e.g. no overdraft on cash accounts, no lending, no acceptance of deposits) and by complying with OeKB CSD's restrictive Investment Guideline.

The risk management principles and the corresponding control framework have been specified in OeKB CSD's Risk Policy and Risk Strategy.

OeKB CSD is managing the operational risks in accordance with the requirements of the CSDR. Therefore OeKB CSD has defined functional and authorisation tests for new clients or, in the case of significant system changes, with regard to the CSD business at OeKB CSD or the securities account holders. These tests examine whether the IT-systems and employees of the securities account holder can ensure proper processing of the transactions at OeKB CSD.

Reporting of completed Authorisation Functional Test Cases

Risk Assessment of OeKB CSD Services:

Article 34 (5) of the Central Securities Depositories Regulation (CSDR) lays down that a central securities depository shall disclose to all clients information that allows them to assess the risks associated with the services provided.

We provide a customer information document for that purpose:

General Information for Customers About Potential Risks Associated with the Services of OeKB CSD

What is it about?

Sustainability Management is more than compliance with legal regulations, provisions and laws. The key principle is the moral and social responsibility which the organisation observes of its own volition. Essential characteristics are the continuous further development of the underlying principles and the voluntary compliance with said principles.

Sustainability Management is more than environmental protection. The following keywords build the framework of this concept:

  • Responsibility
  • Voluntary self-commitment
  • Culture
  • Environment
  • Social involvement
  • Workplace (gender distribution, women in management positions, employee fluctuation, salary, training and further education, etc.)
  • Diversity
  • Stakeholder management
  • Community

Gendering – we pay attention to:

  • Salary policy - strict observance of equal treatment of both sexes
  • A person’s sex has no influence on the individual career moves
  • Equal pay for equal work
  • On the Supervisory Board, the Management Board and in the key positions, both men and women shall be represented with at least 40% each in total (cumulatively).

Sustainability Programme of OeKB Group:

As an Eco-Management and Audit Scheme (EMAS) certified company Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) has committed itself to take into consideration the consumption of resources, climate protection and social development with regard to its core business and its operation and to consistently pursue annual improvement goals.

OeKB CSD GmbH (OeKB CSD) as 100% subsidiary of OeKB has integrated itself in the sustainability management system of OeKB and documented its measures in the Report of the OeKB Group.

Extract from the OeKB Group Sustainability Report 2018 - consolidated for OeKB CSD:

Goal Measure Progress Report

Joint target share of women on the Executive and Supervisory Boards of 30% by 2020.

Persuade the shareholders.

Added to the gender and diversity policy as a strategic goal. As at 31 December 2018: 43%

Improve knowledge about financial products.

Event with the Vienna Stock Exchange on the subject of financial literacy.

A new financial literacy objective was formulated by OeKB CSD and OeKB.

Digitalise securities to increase the efficiency of the capital market infrastructure.

Participate in the FinTech Advisory Committee to create a book-entry security law as the basis for the de-materialisation of transferable securities. Sustainability Goal 2019

We are glad to have successfully implemented the measures taken for both objectives and will be happy to implement the sustainability goal 2019.

Extract from the OeKB Group Annual Financial Report 2018 of OeKB Group - consolidated for OeKB CSD:

Total as per 31 December 2018

incl. delegated employees of OeKB

Employees of OeKB Group
Total employees 36
Of whom part-time employees 1
Total employees in full-time equivalents 35.78
Average age 47.13
Average length of service* -
Sick days per year and full-time employee 11.74
Proportion of total positions held by women 41.67%

*OeKB CSD only has delegated employees therefore there is no average length of service.

OeKB Group Sustainability Report 2018

OeKB Group Annual Financial Report 2018

OeKB CSD’s success is based on its high reputation and the trust our clients and stakeholders put in us. This is determined by the high standards we apply to our work when we tend to our clients’ needs and deliver our services.

The Code of Conduct of OeKB CSD equally addresses the Management Board and employees and lays down obligatory rules of conduct with regard to supervision, whistle-blowing, complaints processing and the prevention of corruption, money laundering and conflicts of interest.

You will find the Code of Conduct here:

Code of Conduct of OeKB CSD

Code of Conduct of OeKB Group

Any questions? Please contact us!

OeKB CSD Service Center
T +43 1 53127-2100
F +43 1 53127-4100