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. OeKB CSD is organised in three divisions supporting the Management Board (Company Organisation & Administration; Legal, Compliance, Risk; Relationship Management) and in four operational divisions (Business Application Management; Notary Service & Safekeeping; Accounts & Settlement; Asset Servicing).

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?

Corporate Social Responsibility (CSR) 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.

CSR 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 Oesterreichischen 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 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 2017 - consolidated for OeKB CSD:

Goal Measure Progress Report
Infrastructure for the Capital Market

Implementation of the securities settlement platform provided by Eurosystem (TARGET 2-Securities; T2S)

Consequent development of the project according to the project plan

Since February 2017 OeKB CSD has been using the TARGET2-Securities (T2S) platform developed by the ECB for securities account administration and for settlement.

Authorisation of OeKB CSD pursuant to Regulation (EU) No 909/2014

Preparation of the necessary documentation and submission of the application for authorisation of OeKB CSD GmbH

In September 2017, OeKB CSD submitted its applications for authorisation as CSD pursuant to the CSDR and for authorisation to provide banking-type ancillary services to FMA in a timely fashion.

We are glad to have successfully implemented the measures taken for both objectives.

Extract from the OeKB Group Annual Financial Report 2017 of OeKB Group - consolidated for OeKB CSD:

Total as per 31 December 2017

incl. delegated employees of OeKB

Employees of OeKB Group
Total employees 34
Of whom part-time employees 0
Total employees in full-time equivalents 34.0
Average age 47.1
Average length of service* -
Sick days per year and full-time employee 6.7
Proportion of total positions held by women 38.2%

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

OeKB Group Sustainability Report 2017

OeKB Group Annual Financial Report 2017

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