Asset Servicing

We perform all income-related activities on behalf of you as the securities account holder. Among other things, our service includes the forwarding of information we receive from issuers, their paying agents or from our custodians about income payments, such as interest or dividend payments, and redemptions to our securities account holders.

We provide you with this advance information related to the securities positions on your securities accounts via our online client (Asset Servicing Client) and by SWIFT (MT564).

Annex 20 Custody Notifications and other Information

For securities which OeKB CSD keeps and administers with a custodian (Investor CSD), OeKB CSD will claim from the custodian the

• Income for securities due and
• Credit of the collected amounts.

Income Collection for Securities Due

You would like to know more?
Get all information here.

Options for the Collection of Income for Securities Due:

For the income collection for securities due you as the securities account holder have the following options in the event of income:

Income Payments in Euro:

We credit the received income payments in Euro to the Dedicated Cash Account (DCA) of the corresponding securities account holder.

Income Payments in Foreign Currency:

We credit the received income payments in foreign currency to the corresponding foreign currency cash account of the securities account holders held with us. This applies to the following currencies:

All other currencies will be converted to Euro if possible.
The resulting income payments will be credited to the Dedicated Cash Account (DCA) of the corresponding securities account holders.

It may happen that you as a securities account holder do not have a respective foreign currency account with OeKB CSD when you expect an income payment in a foreign currency. In this special case we will automatically open a foreign currency account for you.

You would like to know more?
Take a look at our guideline:

Annex 21 Guideline Forwarding of Income Payments

Market Claims and Transformations:

Market claim means the process of re-allocation of income from a distribution with the aim to provide the actually entitled holders with the amount of cash/quantity of units they are entitled to.

A transformation is the process which, in the event of a reorganisation, cancels pending settlement instructions and generates new instructions according to the reorganisation conditions.

You will find everything you need to know in our guideline and the additional information:

Annex 25 Using T2S for Transaction Management

We automatically process all corporate actions (e.g. splits, capital decreases, mergers, spin-offs, capital increases) for all securities which OeKB CSD keeps and administers itself or with a custodian. Among other things, our service includes the forwarding of information we receive from issuers, their paying agents or from our custodian to our securities account holders.

We provide you with this advance information related to the securities positions on your securities accounts via our online client (Asset Servicing Client) and by SWIFT (MT564).

Annex 20 Custody Notifications and other Information

In regard to securities which OeKB CSD keeps and administers itself as Issuer CSD, OeKB CSD will process technical measures relating to corporate actions (e.g. credit and debit of subscription rights, credit of bonus shares), if it has received the necessary means to do so.

In regard to securities which OeKB CSD keeps and administers as Investor CSD with a custodian, OeKB CSD will claim from the custodian all measures associated with corporate actions which the corresponding custodian provides as its services.

OeKB CSD will credit and debit securities accounts and cash accounts as a consequence of corporate actions corresponding to the credit balances on the securities accounts at the end of the T2S Opening Day (day of operation) on the respective record date (or, if applicable, at the beginning of the T2S Opening Day (day of operation) on the ex-date). In case OeKB CSD acts as Investor CSD this will apply provided that our accounts with our custodian have been credited or debited. For further details please refer to:

GTC of OeKB CSD, section 6.3.2 (1), (2)

Annex 28 Guideline Processing of Corporate Actions

Options for Corporate Actions:

For corporate actions we differentiate as follows:

Processing of Securities Bookings:

We credit and debit the securities bookings related to corporate actions to and from the securities accounts as settlement instructions (DFP/RFP and DVP/RVP) in the T2S system.

Processing of Cash Bookings:

The forwarding of amounts received in the course of income collections from mandatory corporate actions is made corresponding to the credit balances on the securities accounts of OeKB CSD at the end of the T2S Opening Day (day of operation) on the respective record date or, as relevant, at the beginning of the T2S Opening Day (day of operation) on the respective ex-date.

These amounts will be forwarded to the securities account holders pro rata according to the credit balances, even if the amount received in the process of collection does not correspond to the amount due.

Corporate Action Payments in Euro:

We credit the received corporate action payments in Euro to the Dedicated Cash Account (DCA) of the corresponding securities account holder.

Corporate Action Payments in Foreign Currency:

We credit the received corporate action payments in foreign currency to the corresponding foreign currency cash account of the securities account holders held with us. This applies to the following currencies:

All other currencies will be converted to Euro if possible.
The resulting corporate action payments will be credited to the DCA of the corresponding securities account holders.

It may happen that you as a securities account holder do not have a respective foreign currency account with OeKB CSD when you expect a corporate action payment in a foreign currency. In this case we will automatically open a foreign currency account for you.

You would like to know more?
Take a look at our guideline:

Annex 28 Guideline Processing of Corporate Actions

Market Claims and Transformations:

Market claim means the process of re-allocation of income from a distribution with the aim to provide the actually entitled holders with the amount of cash/quantity of units they are entitled to.

A transformation is the process which, in the event of a reorganisation, cancels pending settlement instructions and generates new instructions according to the reorganisation conditions.

You will find everything you need to know in our guideline and the additional information:

Annex 25 Using T2S for Transaction Management

OeKB CSD has concluded a Qualified Intermediary Agreement (QIA) with the Internal Revenue Service (IRS). As a result we have a QI1-Status (incl. primary withholding responsibility and primary form 1099 reporting and backup withholding responsibility) and are IGA2 Modell FATCA compliant as Participating Foreign Financial Institution (PFFI).

If you hold Austrian shares with us and are the shareholder yourself, we will issue Confirmations of Holdings for you as a securities account holder.

You would like to benefit from this service?
See below how to request the issuance of a Confirmation of Holdings from us:

Instruction to issue a Confirmation of Holdings

Annex 23 Issuing of Instructions Asset Servicing

Annex 14 Confirmations of Holdings