UniCredit Bank Austria is the clear number one securities services provider, featuring a market share in international clientele of about 70%. The Bank is also the biggest clearing agent for remote members of the Vienna Stock Exchange (VSE) and represents an overwhelming market share of approx. 40% in Austria-related clean (commercial) payments.
Of all players, UniCredit Bank Austria has the longest track record, dating back to 1855. This tradition translates into a strong influence: UniCredit Bank Austria represents the Austrian Banking Federation in Target2 Securities, EuroFI and other EU-related matters
Thomas Rosmanitz
Head of Relationship Management Austria
+43 50505 58515
thomas.rosmanitz@unicreditgroup.at
Stephan Hans
Relationship Manager
+43 50505 58513
stephan.hans@unicreditgroup.at
Tina Fischer
Relationship Manager
+43 50505 58512
tina.fischer@unicreditgroup.at
Global Securities Services
Rothschildplatz 1,
1020 Wien, Austria
Following a change in the Tax Amendment Act 2023 which included some changes on the entitlement calculation for withholding tax reclaims, the related maintenance decree 2024 has now also been officially published.
In particular, the new regime brings about another change in the attribution of dividend income. The new law states the following:
A platform to help align with the ESG requirements
Further to our Newsflash from 14 February 2024, the Austrian Government Bonds are now available for trading as part of the continuous auction of the Vienna Stock Exchange (VSE). Trading occurs between 09:15 and 16:30 on trading days as per the trading calendar of the VSE. Two local market makers will ensure continuous liquidity.
Starting Friday, 1 March 2024, the Vienna Stock Exchange (VSE) will start the trading of Republic of Austria Government Bonds in the Continuous Auction trading procedure. Trading in the new segment will occur throughout the entire trading week. Each bond will be assigned to one dedicated liquidity provider who will be responsible for providing buy and sell volume at competitive pricing.
The CCP.A participated in the EU-wide Firedrill conducted by the ESMA
Please be advised that, following the implementation of the new custody system (BaNCS) in UniCredit Bank Austria, and following a full day of production activity, there have been some minor issues detected but, at this time, none are foreseen to have client impact.
All issues are being closely monitored, thoroughly analysed, and resolved by IT specialists as they occur.
This is to briefly inform you that, following a successful migration over the weekend, the new custody system (BaNCS) is operating as planned with no critical issues detected which would impact client transaction processing.
Should anything change, we will be sure to inform you immediately.
Introduction of an Additional Security Layer for Clearing Members
The third profitable year in a row and several projects prepared
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