Tuesday September 15 2015

News Source: Global Exchanges

Focus: Short Selling

Type: General




Oesterreichische Kontrollbank AG (OeKB) has announced that as of 14 September 2015, there is a new CSD service provider on the Austrian capital market. The service will be provided by OeKB CSD GmbH.

Owing to EU regulations, this wholly-owned subsidiary of OeKB is to inherit the role of Austrian Central Securities Depository (CSD) from its parent company. National ISIN allocation and registration will remain in the domain of OeKB pursuant to the Capital Market Act.

OeKB CSD GmbH will assume all of the tasks which were previously the responsibility of OeKB:

  • independent, efficient and cost-effective custody and administration of securities
  • delivery to CSD allows issued securities to be booked electronically
  • electronic real-time processing of over-the-counter transactions at home and abroad with book-entry of securities and money all in one place
  • electronic integration with international depositories
  • central information about and settlement of corporate actions and revenues.

Click on the link above for further details