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KAS-Web
Crossborder Instruction Guide
KAS-Web
Crossborder Instruction Guide
Version:January 2019
KAS BANK N.V.
KCIG – version January 2019 3
Introduction
Welcome to the KAS-Web Crossborder Instruction Guide (KCIG). This Guide will replace
the Crossborder Form which is currently used for instructions from one market to another.
In order to continue to guarantee an efficient settlement process, KAS BANK has decided
to change the procedure of instructing this type of transfer. KAS BANK believes that the
current manual process is error-sensitive and should therefore be updated.
The table of contents provides an overview of the most common Crossborder transfers. (If
an example is missing please contact your service manager.) The overview is followed by
a user manual with specific details how to complete your Crossborder instructions correctly.
Moving forward we will continue to inform you about developments in relation to KCIG,
either with an update of this Instruction Guide or via our regular Service Updates.
If you require further assistance or more information, please contact your Service Manager
at KAS BANK.
Disclaimer: Although the information in this information guide has been put together with the utmost care and, in KAS BANK's opinion, accurately presents the state of affairs at the time of publication, KAS BANK cannot guarantee that this information is and/or will remain accurate and complete. KAS BANK therefore accepts no liability for damage or loss resulting from the use of, reliance on or actions or omissions in response to the information in this information guide.
KCIG – version January 2019 4
Table of Contents User Manual .................................................................................................................. 7
General Example .......................................................................................................... 7
Euroclear (ESES) Market Specifics ................................................................................. 11
Asia .............................................................................................................................. 13
HK → CBL ................................................................................................................... 13
Austria ......................................................................................................................... 14
OEKB → CBF ............................................................................................................... 14
OEKB → ESES NL......................................................................................................... 15
Canada ......................................................................................................................... 16
CA → CBL ...................................................................................................................... 16
CA → DTC (Only applicable for the Canadian side of the Crossborder) ................................ 17
CA → EOC .................................................................................................................. 19
Clearstream Banking Frankfurt (Germany) .................................................................. 20
CBF → AT ................................................................................................................... 20
CBF → CBL ................................................................................................................. 21
CBF → CBL (LU1250154413) ......................................................................................... 22
CBF → DTC ................................................................................................................. 23
CBF → DK ................................................................................................................... 24
CBF → EOC ................................................................................................................. 25
CBF → ESES BE/FR/NL (domestic/foreign, home market CBF, DL) ..................................... 26
CBF → ESES FR (foreign, home market CBF, RL) ............................................................. 27
CBF → FI .................................................................................................................... 28
CBF → IT .................................................................................................................... 29
CBF → SIS .................................................................................................................. 30
Clearstream Banking Luxembourg ............................................................................... 31
CBL → CBF ................................................................................................................. 31
CBL → CREST .............................................................................................................. 32
CBL → DTC ................................................................................................................. 33
CBL → EOC ................................................................................................................. 34
CBL → ESES BE/FR/NL ................................................................................................. 35
CBL → HK ................................................................................................................... 36
CBL → IT .................................................................................................................... 37
CBL → SIS .................................................................................................................. 38
Euroclear markets (Domestic ISIN) ............................................................................. 39
ESES BE/FR/NL → AT ................................................................................................... 39
ESES BE/FR/NL → CBF ................................................................................................. 40
ESES BE/FR/NL → CBL (INTRA CSD) .............................................................................. 41
ESES BE/FR/NL → CBL (CROSS CSD) ............................................................................. 42
ESES BE/FR/NL → CREST ............................................................................................. 43
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ESES BE/FR/NL → EOC ................................................................................................. 44
ESES BE/FR/NL → IT .................................................................................................... 45
ESES BE/FR/NL → SIS .................................................................................................. 46
Euroclear markets (Foreign ISIN) ................................................................................ 47
ESES BE/FR/NL → AT ................................................................................................... 47
ESES BE/FR/NL → CBF ................................................................................................. 48
ESES BE/FR/NL → CBL ................................................................................................. 49
ESES BE/FR/NL → CREST ............................................................................................. 50
ESES BE/FR/NL → EOC (other isin) ................................................................................ 52
ESES BE/FR/NL → EOC (DE isin) .................................................................................... 53
ESES BE/FR/NL → IT .................................................................................................... 54
ESES BE/FR/NL → SIS .................................................................................................. 55
Euroclear Bank ............................................................................................................. 56
EOC → CBF ................................................................................................................. 56
EOC → CBL ................................................................................................................. 57
EOC → DTC (Equity and other) ...................................................................................... 58
EOC → FEDWIRE (Treasury Bonds) ................................................................................ 59
EOC → CREST ............................................................................................................. 60
EOC → ESES ............................................................................................................... 61
EOC → FI .................................................................................................................... 62
EOC → IT ................................................................................................................... 63
EOC → SIS ................................................................................................................. 64
Italy (T2S) ................................................................................................................... 65
BCI → CBF .................................................................................................................. 66
BCI → EOC ................................................................................................................. 67
BCI → CREST .............................................................................................................. 68
BCI → ESES BE/FR/NL .................................................................................................. 70
BCI → SIS .................................................................................................................. 71
Nordics ........................................................................................................................ 72
DK → CBF ................................................................................................................... 72
DK → SE .................................................................................................................... 73
FI → CBF .................................................................................................................... 74
FI → EOC .................................................................................................................... 75
FI → SE ...................................................................................................................... 76
SE → CBL ................................................................................................................... 77
SE → DK .................................................................................................................... 78
SE → EOC ................................................................................................................... 79
SE → FI ...................................................................................................................... 80
SE → VPS NO .............................................................................................................. 81
VPS NO → CREST ........................................................................................................ 82
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VPS NO → SE .............................................................................................................. 84
Portugal ....................................................................................................................... 85
PT → CBL ................................................................................................................... 85
PT → EOC (bond) ......................................................................................................... 86
PT → EOC (share) ........................................................................................................ 87
Switzerland .................................................................................................................. 88
SIS → CBF .................................................................................................................. 88
SIS → CBL .................................................................................................................. 89
SIS → CREST .............................................................................................................. 90
SIS → DTC ................................................................................................................. 91
SIS → EOC ................................................................................................................. 92
SIS → ESES BE/FR/NL .................................................................................................. 93
SIS → IT .................................................................................................................... 94
United Kingdom ........................................................................................................... 95
Stamp ........................................................................................................................ 95
CREST → CBL .............................................................................................................. 97
CREST → DTC ........................................................................................................... 100
CREST → ESES .......................................................................................................... 101
CREST → EOC ........................................................................................................... 103
CREST → IT .............................................................................................................. 105
CREST → SIS ............................................................................................................ 106
CREST → VPS NO (ISIN CA9506771042) ...................................................................... 107
CREST → VPS NO (ISIN GB0000663038) ...................................................................... 108
United States of America ........................................................................................... 109
DTC → CBF ............................................................................................................... 109
DTC → Canada (Only applicable for the US side of the Crossborder) ................................ 110
DTC → CBL ............................................................................................................... 112
DTC → CREST ........................................................................................................... 113
DTC → EOC (Equity and other) .................................................................................... 114
Fedwire via BONY → EOC (Treasury Bonds) .................................................................. 115
Fedwire via JP Morgan Chase → EOC (Treasury Bonds) .................................................. 116
DTC → SIS ............................................................................................................... 117
KCIG – version January 2019 7
User Manual
Whereas in the past KAS BANK’s Crossborder form needed to be completed manually, from now on
KAS-Web will be used for this type of transfer. As shares are delivered from one market and received
in another, it is mandatory to instruct both sides of the transfer. So this means a Delivery Free of
Payment (DFP) and a Receive Free of Payment (RFP).
This chapter briefly describes how to work with the KCIG by means of a general example (transfer
from Clearstream Banking Frankfurt to Euroclear Bank) demonstrating which fields are mandatory in
the delivering/receiving side.
At the end of this chapter some additional specific information regarding the Euroclear markets (ESES
BE/FR/NL) is described. Please take a careful look before instructing transfers on these markets.
General Example
This general example of a Crossborder instruction via KAS-Web describes a transfer from Clearstream
Banking Frankfurt (CBF) to Euroclear Bank (EOC) by means of a Delivery Free of Payment (DFP) and
a Receive Free of Payment (RFP). Please note that the following details are fictive and only used as
an example.
Clearstream Banking Frankfurt (CBF)
First go to chapter Clearstream Banking Frankfurt (Germany) > subsection CBF → EOC. In this
subsection you will only find the details of the counterparty. This means your SSI within Euroclear
Bank.
Please be advised that the fields (trade details), stated in the print screen below, are mandatory to
instruct one side (DFP) of the transfer. Please note that the following details are fictive and only used
as an example. This info is not described in the Guide because it differs per Crossborder.
KCIG – version January 2019 8
Trade details
The print screen below shows the counterparty details (SSI). These details are described, per
Crossborder transfer, in this instruction guide.
You need to verify the input via the “CHECK” button. This needs to be repeated till: “Check
Successful: Add / Modify Record” is shown. Please instruct via the “ADD” button.
After validating by another authorized KAS-Web user the instruction is sent to KAS BANK and ready
to process.
KCIG – version January 2019 9
CBF → EOC
Euroclear Bank (EOC)
First go to the chapter Euroclear Bank > subsection EOC → CBF. In this subsection you will only
find the details of the counterparty. This means your SSI within Clearstream Banking Frankfurt.
Please be advised that the fields (trade details), stated in the print screen below, are mandatory to
instruct the other side (RFP) of the transfer. Please note that the following details are fictive and
only used as an example. This info is not described in the Guide because it differs per Crossborder.
KCIG – version January 2019 10
Trade details
The print screen below shows the counterparty details (SSI). These details are described, per
Crossborder transfer, in this instruction guide.
You need to verify the input via the “CHECK” button. This needs to be repeated till: “Check
Successful: Add / Modify Record” is shown. Please instruct via the “ADD” button.
After validating by another KAS-Web user the instruction is sent to KAS BANK and ready to
process.
KCIG – version January 2019 11
EOC → CBF
If both sides are instructed, the transfer can be processed by KAS BANK. The references of these
instructions are visible in KAS-Web.
Euroclear (ESES) Market Specifics
In the Euroclear markets (Belgium, Netherlands and France) the SSI of the counterparty can be
different depending whether the ISIN code is issued by ESES (domestic) or not (foreign).
Every month ESES will publish an updated securities list. This list will be available on the KAS-Web
documentation so you are able to verify the issuer CSD and if the security is held via a direct link
(DL) or rationalized link (RL).
For transfers from ESES to CBL use the OneClearstream migration to ESES list. This list will be
available on KAS-Web documentation so you are able to determine if the security is migrated to
ESES (CROSS CSD) or not migrated (INTRA CSD).
KAS BANK can’t be held responsible for the content of this securities list and the
OneClearstream migration to ESES list!
Instruction differences
KCIG – version January 2019 12
In this instruction guide there is a clear distinction between the domestic and foreign ISIN code
examples. Please make sure that the correct chapter/subsection is chosen before instructing
In certain ESES subsections you will find multiple markets in the subject (e.g. ESES BE/FR/NL →
CBL). If the market NL is shown in a certain ESES subsection but BE is required. Please choose the
applicable format per market as shown below.
- Settlement Location (Domestic and Foreign)
- Settl. Location C’Party (only Domestic)
- Settl. Institute PSET (only Domestic)
In case of a Foreign ISIN code you only have to amend the Settlement location applicable per
market.
Domestic
Euroclear Belgium:
Euroclear France:
Euroclear Netherlands:
Foreign
KCIG – version January 2019 13
Asia
HK → CBL
KCIG – version January 2019 14
Austria
OEKB → CBF
Please note: Custodian/Counterparty BIC and Account Number are variable
KCIG – version January 2019 15
OEKB → ESES NL
Please note: Counterparty/Custodian details are variable. Please note: For BE and FR please amend the “Settl. Location C’Party” and “Settl. Institute PSET”.
KCIG – version January 2019 16
Canada
CA → CBL
KCIG – version January 2019 17
CA → DTC (Only applicable for the Canadian side of the Crossborder)
Please note: US account (213037) is variable.
Please note: Canadian DFP Example
KCIG – version January 2019 18
Please note: US account (213037) is variable.
Please note: Canadian RFP Example
KCIG – version January 2019 19
CA → EOC
KCIG – version January 2019 20
Clearstream Banking Frankfurt (Germany)
CBF → AT
Please note: Counterparty and Account Number are variable.
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CBF → CBL
Please note: Counterparty is variable.
KCIG – version January 2019 22
CBF → CBL (LU1250154413)
KCIG – version January 2019 23
CBF → DTC
Please note: Custodian/Counterparty details are variable.
KCIG – version January 2019 24
CBF → DK
Please note: Custodian/Counterparty details are variable.
KCIG – version January 2019 25
CBF → EOC
Please note: Counterparty is variable.
KCIG – version January 2019 26
CBF → ESES BE/FR/NL (domestic/foreign, home market CBF, DL)
Please note: Counterparty is variable. Please note: BIC Custodian for Belgium: CIKBBEBBXXX / France: SICVFRPPXXX.
Please note: For BE and FR please amend the “Settl. Location C’Party” and “Settl. Institute PSET”.
KCIG – version January 2019 27
CBF → ESES FR (foreign, home market CBF, RL)
KCIG – version January 2019 28
CBF → FI
Please note: Custodian/Counterparty details are variable.
KCIG – version January 2019 29
CBF → IT
Please note: Counterparty is variable
KCIG – version January 2019 30
CBF → SIS
Please note: Counterparty is variable.
KCIG – version January 2019 31
Clearstream Banking Luxembourg
CBL → CBF
Please note: Counterparty is variable.
KCIG – version January 2019 32
CBL → CREST
Stamp
KCIG – version January 2019 33
CBL → DTC
Please note: Account number is variable.
KCIG – version January 2019 34
CBL → EOC
Please note: Participant number is variable.
KCIG – version January 2019 35
CBL → ESES BE/FR/NL
Please note: Counterparty and Custodian are variable.
Please note: For BE and FR please amend the “Settl. Location C’Party” and “Settl. Institute PSET”.
KCIG – version January 2019 36
CBL → HK
KCIG – version January 2019 37
CBL → IT
Please note: Custodian/Counterparty details are variable.
KCIG – version January 2019 38
CBL → SIS
Please note: Participant number is variable.
KCIG – version January 2019 39
Euroclear markets (Domestic ISIN) Crossborder instructions with matching
ESES BE/FR/NL → AT
Please note: Custodian/Counterparty details are variable.
Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 40
ESES BE/FR/NL → CBF
Please note: Counterparty is variable. Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 41
ESES BE/FR/NL → CBL (INTRA CSD)
Please note: Counterparty is variable.
Please note: For BE and FR please amend the “Settlement Location”, “Settl. Location C’Party” and
“Settl. Institute PSET”.
KCIG – version January 2019 42
ESES BE/FR/NL → CBL (CROSS CSD)
Please note: Counterparty is variable. Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 43
ESES BE/FR/NL → CREST
Please note: Account number is variable. Please note: For BE and FR please amend the “Settlement Location”, “Settl. Location C’Party” and
“Settl. Institute PSET”.
Stamp
KCIG – version January 2019 44
ESES BE/FR/NL → EOC
Please note: Counterparty is variable.
Please note: For BE and FR please amend the “Settlement Location”, “Settl. Location C’Party” and
“Settl. Institute PSET”.
KCIG – version January 2019 45
ESES BE/FR/NL → IT
KCIG – version January 2019 46
ESES BE/FR/NL → SIS
Please note: Custodian/Counterparty details are variable.
Please note: For BE and FR please amend the “Settlement Location”, “Settl. Location C’Party” and
“Settl. Institute PSET”.
KCIG – version January 2019 47
Euroclear markets (Foreign ISIN) Crossborder instructions without matching
ESES BE/FR/NL → AT
Please note: Counterparty is variable.
Please note: For BE and FR please amend the settlement location.
KCIG – version January 2019 48
ESES BE/FR/NL → CBF
Please note: Counterparty/Custodian BIC is variable.
Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 49
ESES BE/FR/NL → CBL
Please note: Participant number is variable.
Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 50
ESES BE/FR/NL → CREST
Please note: For BE and FR please amend the “Settlement Location”.
Please note: German iShares will be transferred via Switzerland so an additional manual fee will
be charged.
KCIG – version January 2019 51
Stamp
KCIG – version January 2019 52
ESES BE/FR/NL → EOC (other isin)
Please note: Participant number is variable.
Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 53
ESES BE/FR/NL → EOC (DE isin)
Please note: Participant number is variable. Please note: For BE and NL please amend the “Settlement Location”.
KCIG – version January 2019 54
ESES BE/FR/NL → IT
Please note: Counterparty/Custodian details are variable. Please note: For BE and FR please amend the “Settlement Location”.
KCIG – version January 2019 55
ESES BE/FR/NL → SIS
Please note: Format is similar to the Domestic ISIN code → Always instruct “MATCH” Please note: For BE and FR please amend the “Settlement Location”, “Settl. Location C’Party” and
“Settl. Institute PSET”.
Stamp
KCIG – version January 2019 56
Euroclear Bank
EOC → CBF
KCIG – version January 2019 57
EOC → CBL
Please note: Participant number is variable.
KCIG – version January 2019 58
EOC → DTC (Equity and other)
Please note: Account number is variable.
KCIG – version January 2019 59
EOC → FEDWIRE (Treasury Bonds)
Please note: Participant numbers on both levels are variable.
KCIG – version January 2019 60
EOC → CREST
Please note: Counterparty/Custodian details are variable.
Stamp
KCIG – version January 2019 61
EOC → ESES
Please note: Custodian en Counterparty are variable. Please note: For BE and FR please amend the “Settl. Location C’Party” and “Settl. Institute PSET”.
Please note: Participant number is variable
KCIG – version January 2019 62
EOC → FI
Please note: Counterparty is variable.
KCIG – version January 2019 63
EOC → IT
KCIG – version January 2019 64
EOC → SIS
Please note: Counterparty/Custodian details are variable.
KCIG – version January 2019 65
Italy (T2S)
BCI → CBL
KCIG – version January 2019 66
BCI → CBF
Please note: Counterparty is variable.
KCIG – version January 2019 67
BCI → EOC
Please note: Participant number is variable
KCIG – version January 2019 68
BCI → CREST
Please note: Counterparty/Custodian details are variable.
KCIG – version January 2019 69
Stamp
KCIG – version January 2019 70
BCI → ESES BE/FR/NL
Please note: Counterparty is variable.
Please note: For BE and FR please amend the “Settl. Location C’Party” and “Settl. Institute PSET”.
KCIG – version January 2019 71
BCI → SIS
KCIG – version January 2019 72
Nordics
DK → CBF
Please note: Account number is variable.
KCIG – version January 2019 73
DK → SE
KCIG – version January 2019 74
FI → CBF
Please note: Counterparty is variable.
KCIG – version January 2019 75
FI → EOC
Please note: Counterparty is variable.
KCIG – version January 2019 76
FI → SE
Please note: Counterparty is variable.
KCIG – version January 2019 77
SE → CBL
Please note: Counterparty is variable
KCIG – version January 2019 78
SE → DK
KCIG – version January 2019 79
SE → EOC
KCIG – version January 2019 80
SE → FI
Please note: Counterparty is variable.
KCIG – version January 2019 81
SE → VPS NO
KCIG – version January 2019 82
VPS NO → CREST
Please note: Counterparty/Custodian details are variable.
KCIG – version January 2019 83
Stamp
KCIG – version January 2019 84
VPS NO → SE
KCIG – version January 2019 85
Portugal
PT → CBL
Please note: Counterparty is variable.
KCIG – version January 2019 86
PT → EOC (bond)
KCIG – version January 2019 87
PT → EOC (share)
KCIG – version January 2019 88
Switzerland
SIS → CBF
Please note: Counterparty is variable.
KCIG – version January 2019 89
SIS → CBL
Please note: Participant number is variable.
KCIG – version January 2019 90
SIS → CREST
Stamp
KCIG – version January 2019 91
SIS → DTC
Please note: Counterparty/Custodian details are variable.
KCIG – version January 2019 92
SIS → EOC
Please note: Counterparty Participant Number and BIC are variable.
KCIG – version January 2019 93
SIS → ESES BE/FR/NL
Please note: Counterparty is variable.
Please note: For BE and FR please amend the “Settl. Location C’Party” and “Settl. Institute PSET”.
KCIG – version January 2019 94
SIS → IT
Please note: Counterparty/Custodian details are variable.
KCIG – version January 2019 95
United Kingdom
Stamp: There is no change of beneficial owner so please flag the following stamp code.
British traded instruments
KCIG – version January 2019
96
Irish traded instruments
Please note: If shares are being transferred out of CREST and eligible for Stamp you will be
charged for Stamp Duty (SD) or Stamp Duty Reserve Tax (SDRT) at 1.5 per cent.1
1 http://www.hmrc.gov.uk/manuals/stsmanual/STSM056040.htm
KCIG – version January 2019 97
CREST → CBL
Stamp eligible
KCIG – version January 2019 98
Stamp exempt
KCIG – version January 2019 99
Irish Equities
Please note: Choose the correct Stamp Status Code
KCIG – version January 2019 100
CREST → DTC
Please note: Account number is variable.
KCIG – version January 2019 101
CREST → ESES
Stamp eligible
KCIG – version January 2019 102
Stamp exempt
KCIG – version January 2019 103
CREST → EOC
Gilts_Treasury Notes
Please note: Account number is variable
KCIG – version January 2019 104
Equities
Please note: Account number is variable
KCIG – version January 2019 105
CREST → IT
Please note: Counterparty is variable.
KCIG – version January 2019 106
CREST → SIS
KCIG – version January 2019 107
CREST → VPS NO (ISIN CA9506771042)
Please note: Counterparty is variable.
KCIG – version January 2019 108
CREST → VPS NO (ISIN GB0000663038)
Please note: Counterparty is variable.
KCIG – version January 2019 109
United States of America
DTC → CBF
Please note: German account (7619) is variable.
KCIG – version January 2019 110
DTC → Canada (Only applicable for the US side of the Crossborder)
Please note: Canadian account (080001410003) is variable.
Please note: US DFP example
KCIG – version January 2019 111
Please note: Canadian account (080001410003) is variable.
Please note: US RFP example
KCIG – version January 2019 112
DTC → CBL
Please note: CBL account number 30180 is variable
KCIG – version January 2019 113
DTC → CREST
KCIG – version January 2019 114
DTC → EOC (Equity and other)
Please note: EOC account number 90023 is variable
KCIG – version January 2019 115
Fedwire via BONY → EOC (Treasury Bonds)
Please note: EOC account number 90023 is variable
KCIG – version January 2019 116
Fedwire via JP Morgan Chase → EOC (Treasury Bonds)
Please note: EOC account number 90023 is variable
KCIG – version January 2019 117
DTC → SIS
Please note: Swiss account (NL100183) is variable.