Securities transactions on German trading floors can be processed easily and efficiently through Oesterreichische Kontrollbank AG in its role as an exchange member and General Clearing Member. Settlement information is provided rapidly by OeKB in a user-friendly format.
Clearing and settlement of securities transactions in Germany
OeKB offers account holders at the CSD.Austria the convenience of using the Custody Clearing Link (CCL) to clear and settle their trades on the Frankfurt stock exchange and the trading floors of all German exchanges.
User-friendly data on the trades concluded in Germany is presented to customers in CCL. Settlement data is available online or by file transfer.
Through its own dunning system and modern risk management, OeKB optimises the clearing and settlement process for trades in Germany and the fulfilment of payment and delivery obligations.