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Conversion_Table_CBF_and_CBL

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					                                                                                                                                                                                                       Clearstream Banking Frankfurt


                                                                                                        3. Complete which tariff sections/captions refer to                   4. Reference to         5. Fees charged to (issuer
1. Services                            2. ECSDA proposed sub-sections to ease completion                                                                                     tariff brochure -                                                                 6. Service description
                                                                                                                            which service                                                              or its agent, intermediary,
(as listed in section V of Code)                       conversion table                                                                                                     (page or paragraph                                                      (in summary or reference to existing documents)
                                                                                                        (one caption per row - insert as many rows as required)                                            end investor, other)
                                                                                                                                                                                  number)
Account provision & Asset          Opening and maintenance of securities accounts                       Standard account service fee                                                 11.4             Intermediary                     Account opening, maintenance, electronic announcements, market information,
Servicing                                                                                                                                                                                                                              basic customer training, access to collateral services
                                   Closing of securities accounts                                       Not charged separately for                                                   N/A              N/A
                                   CSD membership                                                       Not charged separately for                                                   N/A              N/A
                                   Asset servicing dematerialised securities                            Safekeeping for equities, investment fund units and similar              3.2.1, 11.5          Intermediary                     Safekeeping services including all event handling apart from exception handling
                                   Asset servicing physical/immobilised securities                      instruments evidenced by individual certificates and                                                                           for income payments. Basis for fee is the market value of account deposit value
                                                                                                        permanent global certificates                                                                                                  in EUR mn. Fee charged per security in case no market price can be found or is
                                                                                                                                                                                                                                       market price equals zero: the basis for fee is the number of securities.
                                   Asset servicing dematerialised securities                            Exceptional events                                                   5.3.1, 5.3.2, 5.3.3,     Intermediary                     Exceptional services such as late amendments and cancellations of income
                                   Asset servicing physical/immobilised securities                                                                                           5.3.4, 5.3.5, 5.3.6,                                      events, selling/buying of subscriptions rights. Corporate event instruction via
                                                                                                                                                                                    5.3.7                                              SWIFT.
                                   Proxy voting                                                         Meeting attendance by a proxy                                            5.3.8, 5.3.9         Intermediary                     AGM/EGM agenda requests, ordering of admission tickets, handling of proxy
                                                                                                                                                                                                                                       voting instructions
                                   Withholding tax services                                             Withholding tax reporting services                                  5.3.10, 5.3.11, 5.3.12,   Intermediary                     Processing of certificates of residence, tax certificates, tax refund claims and
                                                                                                                                                                            5.3.13, 5.3.14, 5.3.15                                     allocations/elections. Issuance of tax vouchers, corrections and tax reclaims.
                                                                                                                                                                                                                                       ProAct tax reclaim service (electronic/manual).

Establishing securities in book-   Issuance dematerialised securities                                   Deposit/withdrawal of individual certificates/global certificates           5.1.1             Issuer or its agent              Technically there are no dematerialised securities in CBF, as at least one
entry form                                                                                              or transfer of positions into/out of the special deposit                                                                       physical (global) certificate exists
                                   Redemption/cancellation dematerialised securities
                                   Redemption/cancellation dematerialised securities                    Destruction, invalidation, official stamping of certificates,               5.1.6             Issuer or its agent              Technically there are no dematerialised securities in CBF, as at least one
                                                                                                        exchange, repayment, liquidation, coupon renewal for global                                                                    physical (global) certificate exists
                                                                                                        certificates
                                   Deposit physical securities in book-entry form (immobilisation)      Deposit/withdrawal of individual certificates/global certificates           5.1.1             Issuer or its agent              Technically there are no dematerialised securities in CBF, as at least one
                                   Withdrawal physical securities from book-entry system                or transfer of positions into/out of the special deposit                                      Issuer or its agent              physical (global) certificate exists
                                   Withdrawal physical securities from book-entry system                Destruction of individual certificates and invalidation,                    5.1.5             Issuer or its agent
                                                                                                        repayment, liquidation for individual certificates
                                   Other                                                                Issuance related services                                                    5.2              Issuer or its agent              Trustee services and checking of certificates or coupon sheets
                                   Other                                                                Other vaults services                                                5.1.2, 5.1.3, 5.1.4,     Issuer or its agent              Administration of global certificates (mark up/down) and cum bonds
                                                                                                                                                                             5.1.7, 5.1.8, 5.1.9                                       (detachment, reattachment), custody services for unissued/invalidated
                                                                                                                                                                                                                                       certificates, dispatch of securities, reporting

Clearing and Settlement            Verification (matching)                                              Not charged separately for                                                   N/A              N/A
(including verification)
                                   Settlement netting                                                   Not charged separately for                                                   N/A              N/A
                                   Clearing and settlement for OTC transactions DVP                     Securities transfer domestic                                                                                                   Securities settlement leg of OTC trades. Premium for securities transfers
                                   Clearing and settlement for OTC transactions FOP                                                                                                                                                    manually entered by Clearstream Banking.
                                                                                                                                                                                 4.2.1, 4.2.2         Intermediary
                                   Clearing and settlement for OTC transactions DVP                     Cash transfer OTC transactions                                                                                                 Cash settlement leg of OTC trades.
                                   Clearing and settlement for OTC transactions FOP
                                   Clearing and settlement for Stock Exchange transactions DVP          Settlement of securities in collective safe custody and                                                                        Securities settlement leg of stock exchange trades that do not result from the
                                                                                                        individual safe custody                                                  4.1.1, 4.1.2         Intermediary                     Central Counterparty (CCP) processing.
                                   Clearing and settlement for Stock Exchange transactions DVP          Cash transfer stock exchange trades                                                                                            Cash settlement leg of stock exchange trades that do not result from the
                                                                                                                                                                                                                                       Central Counterparty (CCP) processing.
                                   Own account transfers                                                Cash/securities transfer                                                 4.2.1, 4.2.2         Intermediary
                                   Other                                                                Other securities transactions                                        4.4.1, 4.4.2, 4.4.3,     Intermediary                     Non-settlement transactions, for instance exchange of non-German shares for
                                                                                                                                                                             4.4.4, 4.4.5, 4.4.6                                       German certificates and vice-versa, pledged-securities transfers, passing on of
                                                                                                                                                                                                                                       physical individual certificates at collection, self collateralisation


                                                                                                        Frankfurt Automated Borrowing and Lending Service (FAB)               8.1.1, 8.1.2, 8.1.3     Intermediary                     Automated fails lending service with definition of remuneration for lender /
Securities Lending and Borrowing Fail related SLB
                                                                                                                                                                                                                                       Clearstream Banking and user fee for borrower
                                   Other


                                   Collateral management related to collateralisation of central bank   Xemac                                                                       9.1.1             Intermediary                     Collateral management service for securities pledged as collateral to Deutsche
Collateral management                                                                                                                                                                                                                  Bundesbank.
                                   liquidity
                                   Management of guarantee funds                                        Service not offered                                                          N/A              N/A
                                   Other

                                                                                                        Service not offered                                                          N/A              N/A
Credit provision

Communication (note: not in                                                                             Service not offered                                                          N/A              N/A                              Service offered and invoiced by IT service provider
                                   Technical communication set-up and maintenance
Code)
                                                                                                        Services for registered shares                                               5.4              Issuer and its agent /           Issuance services for registered shares, asset servicing, processing of
Other                                                                                                                                                                                                 Intermediary                     shareholder data and reporting

                                                                                                        CBF MIS reporting                                                           6.2.1             Intermediary



Source: Fee Schedule effective 01 August 2009




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                                                                                                                                Clearstream Banking Luxemburg




                                                                                                        3. Complete which tariff sections/captions refer to           4. Reference to    5. Fees charged to (issuer
1. Services                            2. ECSDA proposed sub-sections to ease completion                                                                             tariff brochure -
                                                                                                                            which service                                                 or its agent, intermediary,
(as listed in section V of Code)                       conversion table                                                                                             (page or paragraph
                                                                                                        (one caption per row - insert as many rows as required)                               end investor, other)
                                                                                                                                                                          number)
Account provision & Asset          Opening and maintenance of securities accounts                       Standard account service fee                                        8.1          Intermediary
Servicing
                                   Closing of securities accounts                                       Not charged separately for                                          N/A          N/A
                                   CSD membership                                                       Not charged separately for                                          N/A
                                   Asset servicing dematerialised securities                            Safekeeping services for International Equities                      2           Intermediary
                                   Asset servicing physical/immobilised securities

                                   Asset servicing dematerialised securities                            Custody administration services                                      4           Intermediary

                                   Asset servicing physical/immobilised securities

                                   Proxy voting                                                         Custody administration services/ Proxy voting service                4           Intermediary

                                   Withholding tax services                                             Custody administration services/ Withholding tax services            4           Intermediary


                                   Other                                                                Minimum safekeeping fees                                            2.4          Intermediary


Establishing securities in book-   Issuance dematerialised securities                                   Not charged separately for                                          N/A          N/A
entry form
                                   Redemption/cancellation dematerialised securities
                                   Deposit physical securities in book-entry form (immobilisation)
                                   Withdrawal physical securities from book-entry system
                                   Other

Clearing and Settlement            Verification (matching)                                              Not charged separately for                                          N/A          N/A
(including verification)
                                   Settlement netting                                                   Not charged separately for                                          N/A          N/A
                                   Clearing and settlement for OTC transactions DVP                     Internal instructions, external and bridge transactions         3.1.1, 3.1.2     Intermediary

                                   Clearing and settlement for OTC transactions FOP

                                   Clearing and settlement for OTC transactions DVP                     Cash transfer OTC transactions                                     3.2.1         Intermediary

                                   Clearing and settlement for Stock Exchange transactions DVP          Stock exchange instructions                                        3.1.3         Intermediary


                                   Own account transfers                                                Internal instructions                                              3.1.1         Intermediary
                                   Other                                                                Minimum settlement fee                                              3.3          Intermediary


Securities Lending and                                                                                  Automated Securities Lending and Borrowing Service (ASL)            7.1          Intermediary
                                   Fail related SLB
Borrowing
                                   Other


                                   Collateral management related to collateralisation of central bank   Triparty Collateral Management Service                              7.3          Intermediary
Collateral management
                                   liquidity
                                   Management of guarantee funds                                        Service not offered                                                 N/A          N/A
                                   Other

                                                                                                        Service not offered                                                 N/A          N/A
Credit provision

Communication (note: not in                                                                             Service not offered                                                 N/A          N/A
                                   Technical communication set-up and maintenance
Code)

Other




Source: Fee Schedule as of 5 June, 2007




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Clearstream Banking Luxemburg




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                                                                                   Clearstream Banking Luxemburg




                        6. Service description
             (in summary or reference to existing documents)

Account opening, maintenance, electronic announcements and market
information, access to securities information and databases, basic customer
training, umbrella credit and collateral services




Compensations and cash payments, redemption, stock dividend, other
mandatory event, voluntary event, sale or purchase of rights, share conversions
or registrations, external delivery of corporate action proceeds

AGM/EGM agenda requests, ordering of admission tickets, handling of proxy
voting instructions
Processing of certificates of residence, tax certificates, tax refund claims and
allocations/elections. Issuance of tax vouchers, corrections and tax reclaims.
ProAct tax reclaim service (electronic/manual).
The minimum fee is charged if the customer has at least one position on the
account

Issuers of Eurobonds are not charged for the issuance, redemption, deposit or
withdrawal of certificates




Securities settlement of OTC trades, internal instructions (between two CBL
customers), external (between CBL and a local market) and bridge (between CBL
and EOC customer) transactions
Cash settlement of OTC trades

Securities and cash settlement of stock exchange trades. The service is only
available on Clearstream Banking Frankfurt International accounts



The minimum fee is charged if the customer has at least one transaction on the
account

Automated fails lending service with definition of remuneration for lender /
Clearstream Banking and user fee for borrower



Collateral management service for securities pledged as collateral to Banque
Centrale de Luxembourg




Service offered and invoiced by IT service provider




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Clearstream Banking Luxemburg




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Guidelines for completion conversion table
General
                             Please put your entity's name in the header of the table and on the worksheet tab
Column 1                     The list of services corresponds to the one from the Code of Conduct and uses the Commission definition (if any). The Commission definitions are repeated in worksheet 3
Column 2                     Provides guidelines on which subsections belong to the defined services. As the list is not exhaustive, the "other" category may need to be used.
Column 3                     The table should at least include tariff captions that related to domestic equities. CSDs can decide to cover all asset classes
                             All captions of the tariff (related to domestic equities) should be introduced in the table; if they cannot be allocated to a specific service, introduce them in the "other" category
                             If you combine various tariff captions into one entry (e.g. because otherwise too many lines appear), clarify this
                             To the extent possible, ensure that you use exactly the same wording as the text in your tariff brochure
Column 4                     Use column 4 to make the link to the tariff brochure as clear as possible
Column 5                     Specify to whom the fees are charged. Four possibilities: issuers (or their agent), intermediaries, end investor and other
Column 6                     Optional. Includes short service description, explanation of acronyms, or a reference to service description documentation


Guidelines related to services
                             Reporting charges should be included in the relevant service caption, not in the other category
                             If a certain line of the table is not applicable to your CSD, please complete with "service not offered" or "service not charged for separately"
Account provision and        Should include all standard charges that are related to opening and maintaining securities accounts (e.g. membership fees, minimum fees, annual fees, etc) as well as holding and administrating securities on
Asset servicing              those accounts including special event driven asset services (proxy, Tax & other)

Establishing securities in   Includes services to issuers in the issuance (redemption/cancellation) of their securities as well as the deposit (withdrawal) of physical securities; the other category may include registration services (if
book-entry form              applicable)

Clearing and Settlement
                             Should at least include domestic, internal settlement. CSDs may decide to also include external settlement .
(including verification)

Securities Lending and
                             This caption should includes all types of SLB but makes the difference between fail related SLB and other forms of SLB offered
Borrowing

                             Should include all collateral management services but make the difference between collateral management related to central bank liquidity provision and other collateral management services
Collateral Management
                             as well as services (operational, risk management, etc) related to running guarntee-type of funds for their members or third parties

Communication                Includes technical set-up and maintenance of communication network; can also include (re-)charges of network provider fees
Other                        Other section should contain all services that cannot be classified in the above categories so that all captions of tariff brochure are shown in conversion table
Services                                     Commission definition
Account provision                            The maintenance of securities accounts

                                             The initial representation and subsequent maintenance of securities in book-entry form through initial credits and
Establishing securities in book-entry form   subsequent credits or debits to securities accounts, on the basis of: (a) the information provided by the issuer or its agent;
                                             or (b) the number of physical securities on deposit

                                             Securities administration activities performed for others , e.g. processing of corporate actions, tax reclaims and portfolio
Asset Servicing
                                             valuation

Deposit                                      The storage of physical securities on behalf of others
                                             The process of comparison and reconciliation of transaction or settlement details, to ensure that there is agreement on
Verification
                                             these details

                                             The process of establishing settlement positions, possibly including the calculation of net positions, and the process of
Clearing
                                             checking that securities, cash or both are available


                                             The act of crediting and debiting the transferee’s and transferor’s accounts respectively, with the aim of completing a
Settlement
                                             transaction in securities

				
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