The services of OeKB CSD are diverse. Among other things, we support our clients as securities account administrator.

Situation:

You act as a credit institution, an investment firm or similar body based in an EEA Contracting Party or a member state of the OECD and would like to settle securities in the Austrian capital market. To do so, you need an Austrian central securities depository to hold securities accounts on your behalf.

Our scope of services:

We, as the Austrian Central Securities Depository, hold securities accounts on behalf of our clients. We use the state-of-the-art capital market infrastructure TARGET2-Securities (T2S) for that purpose.

The costs:

As a CSD we keep our costs transparent. Therefore, all costs are listed in our price list:

Annex 3 Fees, section 2

Your way to us:

We are glad to help you find the most suitable way towards your solution. Please contact us!

Find out more about our comprehensive service:

OeKB CSD uses T2S for Securities Account Administration:

T2S is a European platform developed by the German, French, Italian and Spanish central banks. It is operated by the Eurosystem, which is currently being used by over 20 European central securities depositories.

Your Cost Savings by Using T2S for Settlement:

We let our securities account holders benefit directly from the advantages of securities account administration in T2S: It allows us to keep the costs of securities account administration low, since it only involves a single system.

Settlement Services Functional Guide

Annex 8 Guideline Settlement and Securities Account Administration

Our securities account holders also benefit from T2S for settlement.

Get more information here:

Settlement

Who the Securities Account Holders of OeKB CSD are:

Securities account holders of OeKB CSD are usually credit institutions and investment firms based in an EEA contracting party or a member state of the OECD. They must be authorized to hold and administrate securities for others (custody business).

Securities account holders may also be central securities depositories authorized in accordance with the Central Securities Depositories Regulation (CSDR), public bodies and many more.

When accepting new securities account holders OeKB CSD acts in accordance with its General Terms and Conditions (GTC):

GTC of OeKB CSD, section 3.1

Annex 34 Risk Assessment Securities Account Holder

There are two things all present and future securities account holders of OeKB CSD have in common: they have a

  • LEI (Legal Entity Identifier) and a
  • BIC (Business Identifier Code).

It is also important to know that all securities account holders of OeKB CSD have at least one Dedicated Cash Account (DCA), which is linked to their securities accounts. Without this obligatory DCA allocation OeKB CSD would not be able to accept a securities account holder. The DCA is also used for the settlement of securities in Euro.

Annex 16 List of Participants of SSS/Account Holders

Side note: Dedicated Cash Account (DCA)
A DCA is a cash account held by a Euro central bank on the T2S platform. As a potential securities account holder you can request such a cash account from your central bank.

We provide two types of securities accounts to securities account holders:

  1. Securities accounts without restraints on disposal, which need not be administered by us: Free securities accounts
  2. Securities accounts with restraints on disposal, which must be administered by us: Blocked securities accounts

We provide you, as a securities account holder, with as many securities accounts as you need (both free and blocked securities accounts).

Since you as a securities account holder may hold as many securities accounts (free and blocked securities accounts) as you need, you can use the securities accounts to make the following segregation (from your point of view):

  • Individual client securities account segregation: Segregation of securities as requested and as desired by your clients
  • Own securities account vs. third-party securities account: Segregation of your securities from those of your clients

You can freely select the securities account name, in coordination with us.

In the event of a client’s default, OeKB CSD has set up Insolvency Procedures which describe the individual client-related process steps in detail:

Our scope of services in detail:

Any questions? Please contact us!

Accounts & Settlement Service Center
T +43 1 53127-2020
F +43 1 53127-4020
settlement@oekb-csd.at