OeKB CSD

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  OeKB CSD GmbH
logo
Country AustriaAustria Austria
Seat Strauchgasse 1–3, 1010 Vienna
legal form GmbH
Website www.oekb-csd.at
management
Supervisory board Angelika Sommer-Hemetsberger (Chair)
Corporate management

Management: Georg Zinner, Peter Felsinger

Template: Infobox_Kreditinstitut / Maintenance / ID is missingThe OeKB CSD GmbH (OeKB CSD) is an Austrian Central Securities under EU CSD Regulation (Regulation (EU) no. 909/2014) and is engaged in the storage, management and settlement of securities.

It is a 100% subsidiary of Oesterreichische Kontrollbank Aktiengesellschaft (OeKB).

In August 2018, it received approval as a central securities depository and approval to provide banking-type ancillary services in accordance with the corresponding EU regulation Art 54 CSDR.

The management is made up of Peter Felsinger and Georg Zinner.

activity

Its business area includes the provision of central services for the participants in the Austrian capital market: It takes over the securities of the issuers taking up capital for safekeeping and administration for the investors. It carries out the booking orders of the investors to process the securities transactions that they have concluded on the stock exchange and over the counter. It controls the payments from the issuer to the investors in order to meet the claims evidenced by the securities.

OeKB CSD customers

Functional model

The functional model of OeKB CSD represents the basis for its structural and process organization as well as for its corporate documentation and the legal relationships with its customers (general business relationships).

Custody account management

Custody account management includes all tasks relating to the provision and management of custody accounts at the highest level (central account management). As part of this function, OeKB CSD manages custody accounts for custodian banks, investment firms, central securities depositories, central counterparties and specialist institutions.

Cash account management

The cash account management function includes all tasks of the bank-like ancillary service. In this function, OeKB CSD manages cash accounts in euros and common foreign currencies for its customers. The purpose of the money accounts is limited to their activity as CSD.

Settlement

Settlement comprises all tasks in the operation of a securities delivery and settlement system (settlement service).

As part of this function, OeKB CSD executes instructions (booking orders) that are issued to it by deposit and cash account holders. The OeKB CSD is a system in accordance with Section 2 (2) of the Finality Act.

Asset servicing

Asset servicing includes the tasks listed in the appendix to the CSDR under Section B Paragraph 2 lit. b) Support in the implementation of corporate actions and other corporate law measures, including services relating to taxes, general meetings and information services.

For securities that OeKB CSD as Issuer CSD has itself stored and managed, it redeems due values ​​and processes capital measures as part of this function.

Notary Services & Safekeeping

Notary Services & Safekeeping includes all tasks related to the initial booking of securities in the securities account (notarial service). As part of this function, OeKB CSD takes on securities in order to keep and manage them as Issuer CSD. The transferred securities are kept in your safe.

Cooperation between capital market participants

OeKB CSD supports the Austrian capital market, among other things, by participating in working groups, initiatives and associations. Often she takes on the coordination of communication among the respective participants to develop standards.

Web links

Individual evidence

  1. ↑ EUR-Lex: Central Securities Depository Regulation. Retrieved August 1, 2019 .
  2. ↑ OeKB CSD: Decades of experience in the custody, administration and settlement of securities. Retrieved August 1, 2019 .
  3. ↑ OeKB AG: OeKB CSD = 100% subsidiary of OeKB. Retrieved August 1, 2019 .
  4. ^ OeKB: OeKB website. Retrieved August 1, 2019 .
  5. ^ OeKB on behalf of OeKB CSD: press release. Retrieved August 1, 2019 .
  6. ↑ EUR-Lex: Central Securities Depository Regulation. Retrieved August 1, 2019 .
  7. ↑ Financial Market Authority: Concession decision. Retrieved August 16, 2019 .
  8. ^ OeKB CSD: Management. Retrieved August 1, 2019 .
  9. ↑ Commercial register: extract from the commercial register. Retrieved August 16, 2019 .
  10. ^ OeKB CSD: The role of OeKB CSD in the capital market. Retrieved August 1, 2019 .
  11. ↑ Financial market supervision: activity of central securities depositories. Retrieved August 16, 2019 .
  12. ^ OeKB CSD: Customers of OeKB CSD. Retrieved August 1, 2019 .
  13. ^ OeKB CSD: The five functions of OeKB CSD. Retrieved August 1, 2019 .
  14. ^ OeKB CSD: Depot management as a service of OeKB CSD. Retrieved August 1, 2019 .
  15. ^ Oesterreichische Nationalbank: Custody account management on T2S. Retrieved August 16, 2019 .
  16. ↑ OeKB CSD: Cash account management as a service of OeKB CSD. Retrieved August 1, 2019 .
  17. ↑ Settlement as a service of OeKB CSD. Retrieved August 1, 2019 .
  18. ↑ OeNB and OeKB successfully migrated to TARGET2-Securities. In: OeNB.at (Oesterreichische Nationalbank). February 6, 2017, accessed August 16, 2019 .
  19. ↑ OeKB CSD: Asset Servicing as a service of OeKB CSD. Retrieved August 1, 2019 .
  20. ↑ OeKB CSD: Notary Services & Safekeeping as services of OeKB CSD. Retrieved August 1, 2019 .
  21. ^ OeKB CSD: Cooperation between capital market participants. Retrieved August 1, 2019 .
  22. ↑ ECSDA: OeKB CSD as a member of ECSDA. Retrieved August 16, 2019 .
  23. ↑ ECB: Market Practice. Retrieved August 16, 2019 .