Listing and Paying Agent for delivery of bonds into Clearstream
Eurivex Ltd., a regulated EU investment firm based in Cyprus has successfully concluded its 25th listing on an EU stock exchange on behalf of its clients. The most recent listing referred to a corporate bond listing on the Vienna Stock Exchange.
Eurivex, which is regulated by the Cyprus Securities & Exchange Commission (CySEC), is licensed to act as Listing Agent for listings on the Vienna Stock Exchange and as Nominated Advisor for listings on the Emerging Companies Market of the Cyprus Stock Exchange.
During the past two years, Eurivex has acted on behalf of 25 Issuers listing their shares or corporate bonds on both Vienna Stock Exchange and the Cyprus Stock Exchange.
Some of the Issuers on whose behalf Eurivex has acted include Wargaming, the global gaming company with its flagship “World of Tanks” online game, Barilla S.p.A, the global branded food corporation with a focus on pasta, sauces and bakery products, manufactured and sold both in Italy and worldwide, Hyperion Life Assets and Grid Essence Holdings, the independent power producer, generating electricity from 100% renewable energy resources.
Corporations, private or public from around the world can issue corporate bonds and list them either on the Vienna Stock Exchange or the Cyprus Stock Exchange. Only Public corporations (PLCs), or AGs may issue and list their shares on EU stock exchanges.
Being a regulated investment firm in an EU member state, in this case Cyprus allows Eurivex to utilize to the full the EU’s single-passporting rules and extend its specialist service to also cover the Vienna Stock Exchange.
Once the decision has been made to list, Issuers can leave the rest to Eurivex to handle including preparation and submission of Information Memorandum, all the relevant other forms until the Issuer’s application is successfully concluded.
Eurivex has acted as safe custodian of the bonds and in many cases as the Paying Agent on behalf of its clients. Eurivex has the expertise to convert the shares or bonds into dematerialized form and deliver the financial instruments electronically to the Oesterreichische Kontrollbank AG (OeKB), the Austrian Custodian bank as well as the Cyprus Stock Exchange CSD Depository.
Delivery to Clearstream, Euroclear
On behalf of Issuers who appoint Eurivex to act as their Paying Agent, Eurivex is in a position to deliver and receive the corporate bonds via its OeKB account to Clearstream, Euroclear and other Depositories.
Using the real-time settlement system DS.Advanced (DS.A) for OTC settlements, Eurivex can deliver and take delivery of financial instruments with Clearstream and Euroclear via its OeKB account and also conclude Delivery vs. Payments on behalf of its clients.
Share Registrar/Safe Custody
Eurivex is currently acting as Share Registrar and custodian on behalf of Issuers who successfully listed their shares on the Emerging Companies Market (ECM) of the Cyprus Stock Exchange.
The share registrar service allows the Issuers to concentrate on their core business, leaving the safe custody of their share registry and shareholder activity to Eurivex to handle in a flexible, efficient and cost effective way.