Custody and settlement services

De Nederlandsche Bank (DNB) provides custody for a wide range of securities included in the eligible assets database of the ECB. These comprise all securities listed under Tier 1, with the exception of corporate issuers.

The following diagram provides an overview of eligible assets:  

Category I

Category II

Category III

Central government debt instruments

Local and regional government debt instruments

Traditional Pfandbrief-style debt instruments

Debt instruments issued by central banks

Jumbo Pfandbrief-style debt instruments

Credit institution debt instruments

 

Agency debt instruments

 

 

Supranational debt instruments

 

For these securities DNB provides its clients with a number of custody services:

  • transmission of statements to make sure our clients receive the best possible information on their securities portfolios
  • end-of-month custody statements 
  • notification of corporate actions        
  • processing corporate actions. Proceeds stemming from corporate actions will automatically be credited to the client’s cash account

Facilitating securities lending

DNB facilitates two types of securities lending. The euro-denominated portfolios of our clients can be made available to participate in:   

  • automatic securities lending by a sub-custodian 
  • third-party lending: appointing a third party to lend out your securities

Both forms of securities lending can increase the income generated on a securities portfolio. DNB can advise you on participation in securities-lending programmes and its return potential.

Settlement services

All settlement instructions regarding transactions you have agreed with your counterparties will benefit from DNB's straight-through processing (STP).
Free-of-payment (FOP) instructions and delivery-versus-payment (DVP) instructions are handled with equal expertise and speed by our multi-lingual staff. Confirmation of the settlement of transactions is provided through SWIFT.