A collection service agreement with OeKB provides efficient processing of matured securities.
Coordination of handling process for maturing securities
The collection service center provides timely collection for coupon and principal payments due on securities held in safekeeping at CSD.Austria. OeKB also handles the coordination and the debiting of the paying agent. After payment is made, the matured physical securities are destroyed and a record of destructions is sent to the paying agent.
Amendment and administration of physical certificates
The collection service center also supports customers in carrying out administrative tasks involving securities certificates. For capital increases or reductions, share splits or name changes, OeKB advises on the modification of the securities certificates themselves.
Individual certificates include a coupon sheet. When the coupons are used up, the collection service renews the coupon sheets.
OeKB also sends securities by post. This requires instructions from the account owner.