Sweden - everything in one PDF - Euroclear · Cash Correspondent Skandinaviska Enskilda Banken AB...

Post-trade made easy

SwedenMarket information

Table of contentsSweden - Market basics

What's specific about this market link

Safekeeping

Settlement

Income

Market claims

Corporate actions

Voting

Tax

Lending and borrowing

Money transfer

Background market info

Sweden - Which securities can you hold in Euroclear Bank?

Sweden - Market links

Sweden - Market directory

Sweden - Settlement - Which settlement types are possible for each security type?

Sweden - Settlement - Restrictions

Sweden - Settlement - Settlement process

Execution and credit/debit of your account(s)

Sweden - Settlement - Recycling and cancellation

Recycling

General rule

Unmatched instructions

Matched unsettled instructions

Cancellation

General rule

Failed delivery fee

Partial settlement

Hold and release

Sweden - Settlement - Reporting

Reporting of reasons for unmatched/unsettled external instructions

Reporting of alleged trades

Sweden - Settlement - EUCLID instruction formats

Settlement in Euroclear Sweden AB

Mandatory fields

What your counterparty needs to know

Free of payment or against payment delivery instruction (07)

Mandatory fields


Sweden - Settlement - ISO 15022 instruction formats


Mandatory fields


Free of payment (MT 542) or against payment (MT 543) delivery instruction

Mandatory fields


Sweden - Settlement - EasyWay instruction formats


Mandatory fields


Free of payment (DFP) or against payment (DVP) delivery instruction

Mandatory fields


Sweden - Custody - Interest, dividend and redemption payments

Overview

Sweden - Custody - Market claims

Debt securities

Equities

Settlement timing of market claims

Reporting

Sweden - Custody - Corporate actions

Stock splits

Sweden - Custody - Voting

Annual and Extraordinary General Meeting notification

Registration

Voting procedures

Instruction formats

Solicitation of a note holder's consent notification

Sweden - Tax - Service overview

Sweden - Tax - DTA table - Equities

DTA table - Equities

Sweden - Tax - Tax forms

Relief at Source

Equities

Quick Refund

Equities

Standard Refund

Equities

Sweden - Tax - Securities tax information

Terms and conditions

Sweden - Lending and borrowing

Eligible securities

Notice periods

Specific feature

SEK - Money transfer

Wire transfer instruction

What you need to know before inputting your instruction

Are there any SEK-specific instruction requirements?

What is your input deadline?

Preadvice of funds instruction




Foreign exchange instruction




Book transfer instruction




Sweden - Tax - Equities

General information

Tax relief service

Relief at Source

Relief at Source procedure

Eligibility criteria

Documentation requirements

Important

Deadline for receipt of documentation

Special rules for distributions in kind

Special rules for residents of Sweden




Special rules for (non-) European UCITS funds

UCITS funds

Special rules for tax-exempt entities

Quick Refund

Quick Refund procedure



Important



Special rules for proceeds from redemption and repurchase of shares







Standard Refund

Standard Refund procedure







Tax forms

Relief at Source and Quick Refund forms

Standard Refund forms


Sweden - Tax - Depository receipts with underlying Swedish issuers

General information

Sweden - Tax - Swedish securities listed in foreign markets

General information

Sweden - Disclosure requirements

Securities subject to Shareholder Rights Directive II

Sweden - Market basics09/09/2020

Euroclear Bank Sweden Basics Equities Bonds

What's specific about this market linkTax services in EUR: We offer tax services for dividends payable in euro.

Shareholder Rights Directive II - securities eligible on this market link can be subject to the Shareholders Rights Directive (EU)2017/828 (‘SRD II’).

Safekeeping

Governmentdebt securities

Corporate debtsecurities

Equities andrelated securities Funds1

Eligible securities Yes Yes Yes No

Holding restrictions No No No No

Disclosure requirements No Yes Yes No

Specific account opening procedure No No No No

Type of link Indirect

Depositary Euroclear Sweden AB

Central securities depository Euroclear Sweden AB

Regulator Finansinspektionen

Settlement




Internal settlement Yes Yes Yes No

Bridge settlement Yes Yes Yes No

External settlement Yes Yes Yes No

Stock exchange settlement No No No No

Physical securities settlement No No No No

What's specific about this market link

Safekeeping

Settlement

Custody

Income

Market claims

Corporate actions

Voting

Tax


Money transfer

Background market info

Page 1 of 4

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/safekeeping-_-which-securities-are-eligible-.html



http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/disclosure-requirements.html

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/disclosure-requirements.html

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/market-links.html

http://www.euroclear.com/content/operations/eb/en/market-directory/sweden/euroclear-sweden-ab.html

http://www.euroclear.com/content/operations/eb/en/market-directory/sweden/euroclear-sweden-ab.html

http://www.euroclear.com/content/operations/eb/en/market-directory/sweden/finansinspektionen.html

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/settlement---which-securities-are-eligible-for-which-settlement-.html









http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden-basics.html#par_textimage_7











Settlement restrictions Yes Yes Yes No

Settlement optimisation No No No No

Pre-matching No Yes Yes No

Matching applies Yes Yes Yes No

is binding No Yes Yes No

Free of Payment delivery without matching No No No No

Settlement currencies SEK SEK SEK No

Government debt securities Corporate debt securities Equities and related securities Funds1

Input deadline See Settlement timing reference card (pdf-738KB)

Recycling Yes Yes Yes No

Cancellation deadline Until transmission to domesticmarket

Until transmission to domesticmarket

Until transmission to domesticmarket

No

Settlement cycle T+2 T+2 T+2 No

Transfer of legalownership

S S S No

ReportingSee Settlement reporting - Quick card (pdf-273KB)

See Settlement - Reporting page




How to format your instruction See Settlement format finder

Income

Government debt securities Corporate debt securitiesEquities and relatedsecurities Funds1

Ex-date Record date - 1bd Record date - 1bd Record date - 1bd No

Record date Cash distributions PD - 5bds PD - 5bds Varies No

Stock distributions PD - 5bds PD - 5bds Varies No

Market claims




Over the counter Detecting No No Yes No

Processing No No Yes No

Stock exchange Detecting No No No No

Processing No No No No

Corporate actions

Reporting See Custody reporting - Quick card (pdf-222KB)

Page 2 of 4

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/restrictions.html



http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/settlement-process.html







http://www.euroclear.com/content/dam/euroclear/Operational/EB/Guides/OP2200-Settlement-timing.pdf

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/recycling-and-cancellation.html















http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/reporting.html

http://www.euroclear.com/content/operations/eb/en/reference/services/settlement/format-finders/sweden-settlement-format-finder.html

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/interest--dividend-and-redemption-payments.html









http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/market-claims.html






http://www.euroclear.com/content/dam/euroclear/Operational/EB/Guides/OP2212-Custody-reporting-Quick-card.pdf

Voting




Proxy voting No No Yes No

How to vote See Voting page

Tax




Withholding tax See Tax - Service overview

Other taxes No No No No





Eligible securities Varies Varies Varies No

Money transfer

Currency Swedish krona (SEK)

Conversion restrictions No

Holding restrictions No

Cash CorrespondentSkandinaviska Enskilda Banken AB

Svenska Handelsbanken AB

Input deadlines See Quick cash card (pdf-400KB)

Cancellation deadlines See Quick cash card (pdf-400KB)

Reporting See Cash and credit reporting - Quick card (pdf-246KB)

How to format your instruction See Money transfer format finder

Background market infoPage 3 of 4

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/voting.html

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/tax-services.html

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/lending-and-borrowing.html



http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/SEK-money-transfer.html



http://www.euroclear.com/content/dam/euroclear/Operational/EB/Guides/OP2100-Quick-cash-card.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Guides/OP2100-Quick-cash-card.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Guides/OP2211-cash-and-credit-reporting.pdf

http://www.euroclear.com/content/operations/eb/en/reference/services/banking/money-transfer/money-transfer-format-finder/money-transfer-format-finder---currency/money-transfer-format-finder---SEK.html

Time zone Time difference between Brussels and domestic market No

Daylight Saving Time (DST) No

Short selling No

(1) For more information on funds eligible in FundSettle, consult our FundSettle page.

Page 4 of 4

Sweden - Which securities can you hold in Euroclear Bank?19/07/2018

Safekeeping Bonds 5W - What? Euroclear Bank Equities Sweden eligible

Form

Government debt securities

Treasury billsDematerialised

Registered

Treasury bondsDematerialised

Registered

Corporate debt securities

Commercial paperDematerialised

Registered or bearer

Medium-term notesDematerialised

Registered

Corporate bondsDematerialised


Mortgage bondsDematerialised


BondsDematerialised


Equities and related securities

Equities (1)Dematerialised

Registered

(1) Including Remote Market Equities: multi-listed equities listed/traded on the Stockholmsbörsen and held by:

Euroclear Sweden AB, as Remote Market CSD, through SIS for Swiss equities

FCSD/APK through Nordea Bank Finland Plc for Finnish equities

Euroclear UK & Ireland for UK equities (Astra Zeneca only)

Sweden - Market links19/07/2018

Bonds link with local market Equities market structure link with domestic market Safekeeping

Euroclear Bank 5W - Where? market set-up Sweden link structure link set-up market link

SEB = Skandinaviska Enskilda Banken AB

(1) Corporate debt securities settle either through NewClear PM or NewClear AM in Euroclear Sweden AB,

depending on the decision of the issuer and the approval of Euroclear Sweden AB.

(2) We have a direct account in Euroclear Sweden AB. This account is operated for us by SEB.

Sweden - Market directory30/08/2013

Sweden Knowledge base Euroclear Bank

For information on the main market players in Sweden (Depository, stock exchange, CSP, etc.) , go to

my.euroclear.com > My Apps > Market directory and enter: Market: Sweden.

Sweden - Settlement - Which settlement types are possible foreach security type?20/07/2018

External settlement Bridge settlement Bridge link Bonds instructions Equities Bridge eligible

5W - What? Euroclear Bank cross border Sweden settlement eligibility type of settlement

Internal settlement

Internal settlement Bridge settlement External settlement


Treasury bills Yes Yes Yes

Treasury bonds Yes Yes Yes


Commercial paper Yes Yes Yes

Medium-term notes Yes Yes Yes

Corporate bonds Yes Yes Yes

Mortgage bonds Yes Yes Yes

Bonds Yes Yes Yes


Equities (1) Yes Yes Yes

(1) Including Remote Market Equities: multi-listed equities listed/traded on the Stockholmsbörsen and held by:

Euroclear Sweden AB, as Remote Market CSD, through SIS for Swiss equities

FCSD/APK through Nordea Bank Finland Plc for Finnish equities

Euroclear UK & Ireland for UK equities (Astra Zeneca only)

Sweden - Settlement - Restrictions18/12/2019

Settlement Sweden Euroclear Bank Bridge settlement External settlement Internal settlement

Basics

Debt securities cease to be available for delivery out of the Euroclear System one calendar day before the scheduledredemption date.

The maximum nominal amount for Euroclear Sweden AB settlement of any single transaction is SEK 500,000,000 (fivehundred million). Consequently, we will reject any external receipt or delivery securities transaction instructions forgovernment or corporate debt securities settling through the PM Clearing that are greater than this amount.

For securities denominated in EUR or traded in EUR on Stockholmsbörsen, external settlement is only possible free ofpayment.

Cross-market transfers and realignments of Swedish or Remote Market Equities are only possible free of payment.

If securities transaction instructions are input with a cash amount in decimals, the related settlement confirmation willcontain the related cash amount rounded down to the next unit.

For debt securities, we do not cater for instructions with an intended settlement date in the past. If your instruction contains apast contractual settlement date, we will send it to the domestic market with the next possible settlement date.

Page 1 of 1

Sweden - Settlement - Settlement process19/07/2018

External settlement 5W - When? Bonds Equities Warrants Sweden Market context

Euroclear Bank Funds order routing

Settlement date Local matching Transfer of ownership


Treasury bills T+2 (1) On S-1 S

Treasury bonds T+2 (1) On S-1 S


Commercial paper T+2 (1) On S-1 S

Medium-term notes T+2 (1) On S-1 S

Corporate bonds T+2 (1) On S-1 S

Mortgage bonds T+2 (1) On S-1 S


Equities T+2 (1) - -

Warrants T+2 (1) - -

T = trade date

S = intended settlement date

(1) The T+2 settlement cycle applies to trades that settle in a CSD or an ICSD, if they are traded:

on a regulated market

on a Multi-lateral Trading Facility (MTF) or an Organised Trading Facility (OTF), if and when applicable

over the counter, unless both parties agree otherwise

Execution and credit/debit of your account(s)(a) We credit certain Swedish government debt securities to your Securities Clearance Accounts in the batch

process window dated the contractual settlement date. This is provided we have confirmation from the

Depositary that the transaction has been clear marked by Euroclear Sweden AB (‘Euroclear Sweden’) in line

with the rules and regulations of Euroclear Sweden.

Such credits are made on the basis of an unconditional and irrevocable commitment by SNDO to deliver such

securities to us.

(b) In the case of a contingency situation in Euroclear Sweden (‘Delayed Settlement’ as shown in the rules

and regulations of Euroclear Sweden) we may receive securities against payment from SNDO.

Any payment we make is determined by reference to public sources that both we and SNDO find acceptable.

Any difference between the amount payable and the amount indicated by you in your receipt instructions will

be credited/debited to your Securities Clearance Account.

Sweden - Settlement - Recycling and cancellation17/12/2013

Settlement Sweden Euroclear Bank Basics

Recycling

General rule

We automatically recycle your external instruction if:

your instruction didnot because

position successfullyfor receipts, the cash/credit was not available

for deliveries, the securities were not available

match either:

your counterparty did not send its instruction

the content of the matching fields did not correspond in your and your counterparty’sinstructions

settleyour instruction was sent to the domestic market to settle; but

we received negative settlement feedback from the domestic market

A Contractual settlementdate

B Recycling period of 4local business days afterthe contractual settlementdate (A)

C End of recycling periodand start of cancellation:if your instruction still hasnot successfullypositioned by the end ofthe recycling period (B),we will cancel it.

Unmatched instructions

A Intended settlement date

B Instructions are recycled

for a period of 20

Business Days after the

following:

intended settlementdate (A)

last status date

C End of recycling period: ifyour instruction still hasnot successfullypositioned by the end ofthe 20 Business Day

Page 1 of 3

recycling period, we(Euroclear Bank) willcancel it.

Matched unsettled instructions

A Intended settlement date

B Recycling period: we will

recycle your instruction

until:

it settles

you cancel itbilaterally

Cancellation

General rule

Instructionstatus Options

Unmatched You can unilaterally cancel your instruction until matching has taken place.

Matched Both you and your counterparty must cancel your instruction. In Euroclear Sweden cancellation is bilateral.Matched instructions can only be cancelled when both parties send matching cancellation.

Failed delivery fee

Market practice in Sweden allows the buyer to charge a fee to any counterparty that fails to deliver Swedish

dematerialised debt securities. The fee is 800 basis points above the one-week Stockholm interbank offer rate,

as determined on S-2.

The fee is calculated on for

the cash amount an against payment transaction

the nominal amount of the securities a free of payment transaction

The fee will be charged to your account, if you fail to deliver securities because they were not available in your

Securities Clearance Account on either S-1 or S.

Partial settlement

Euroclear Sweden offers partial settlement. In our system we position the full cash and securities amount

instructed on your account before allowing the transaction to settle in VPC system.

Hold and release

For AM(1) market: Euroclear will continue to send instructions to the market for settlement (MT54X with 23G: NEWM)

For PM(2) market: Euroclear will continue to support hold and release in your settlement instruction by sending aMT540-543 with function preadvise (:23G: PREA) and then release for settlement with a function of message a new message(:23G:NEWM)

(1) AM = Swedish settlement platform for eligible equities

Page 2 of 3

(2) PM = Swedish settlement platform for eligible bonds

Page 3 of 3

Sweden - Settlement - Reporting30/08/2013

Settlement Sweden Euroclear Bank Reporting Basics

Reporting of reasons for unmatched/unsettled external instructionsThe reason(s) why an external instruction has not been matched or settled will be reported via EUCLID or

SWIFT MT 537 and MT 548, if and when made available by SEB.

Reporting of alleged tradesWe will report alleged trades to you via EUCLID and SWIFT:

if and when made available by SEB

provided the counterparty has supplied SEB with your account number

If the allegement can be coupled with your instruction, we will report to you the reference of the alleged trade

before receiving the matching or settlement feedback from the domestic market.

Allegements will be removed from your reports as follows:

Pending allegements will be removed upon receipt of positive matching and/or settlement feedback from the domesticmarket.

Unmatched allegements will be removed ten calendar days after the contractual settlement date.

Sweden - Settlement - EUCLID instruction formats08/05/2020

Settlement Sweden Euclid PC Euclid server Instruction formats Euroclear Bank

instruction requirements External settlement

Basics

On this page:


Free of payment or against payment receipt instruction (03)

Free of payment or against payment delivery instruction (07)


Free of payment or against payment receiptinstruction (03)

Mandatory fields


Fieldtag

Field name What you need to input What you need to know

:23:GInstruction type–Specialcondition

PREA

We will set your instruction ‘on hold’ when you

input the value PREA.

Notes:

Field :23G: is no longer used for the matching andreporting instruction, as this service has beendecommissioned.

To find out how to modify the 'hold and release' indicatorof your instruction, please consult our Settlement FAQ.

:87C:Deliverer ofsecurities

Euroclear Bank code of the bankor broker in Euroclear SwedenAB that delivers the securities

The Euroclear Bank code used should belinked to the SWIFT BIC of the delivererof securities. This link can be found bygoing to my.euroclear.com > My Apps > Counterpartiessearch.

:85C: Delivering partyLine 2 (//XX): SWIFT BIC of thedelivering counterparty (accountholder with the bank or broker)

:31P: Trade date yyyymmdd Must be a local business day.

:30: Settlement date yyyymmdd Must be a local business day.

:32B: Cash amount SEKnnnnnnn,nnAgainst payment possibilities in SEK. For thematching tolerance, consult our Settlement -Matching tolerance per market webpage.

Your counterparty or its correspondent must submit a delivery instruction with the below details:

For equities:

in favour of our agent Skandinaviska Enskilda Banken AB, BIC11 ESSESESSXXX

in the receiving custodian field, they should quote our SWIFT BIC MGTCBEBEECL

on behalf of our SWIFT BIC MGTCBEBEECL in the buyer field

in the safekeeping field of the buyer, they should quote your five-digit Euroclear Bank account number

For bonds:


in the safekeeping field of the receiving agent, they should quote our account in the local market 000148919324

Page 1 of 2

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---euclid-instruction-format-0.html#par_textimage_2

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---euclid-instruction-format-0.html#par_faqcontainer

http://www.euroclear.com/content.html#par_faqcontainer_1904093263

https://my.euroclear.com/eb/en/reference/services/settlement/settlement-faq.html?question=faqcontainer_2019770349-faqquestion_1308571149

http://www.euroclear.com/content/operations/apps/en/counterparties-search.html


http://www.euroclear.com/content/operations/eb/en/reference/services/settlement/settlement---matching-tolerance-per-market.html


https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---euclid-instruction-format-0.html?question=faqcontainer-faqquestion_1802686394




Free of payment or against payment deliveryinstruction (07)

Mandatory fields


Fieldtag

Field name What you need to input What you need to know

:23:GInstruction type–Specialcondition

PREA

We will set your instruction ‘on hold’ when you

input the value PREA.

Notes:


To find out how to modify the 'hold and release' indicatorof your instruction, please consult our Settlement FAQ.

:87C:Receiver ofsecurities

Euroclear Bank code of the bankor broker in Euroclear SwedenAB that receives the securities

The Euroclear Bank code used should belinked to the SWIFT BIC of the receiverof securities. This link can be found bygoing to my.euroclear.com > My Apps > Counterpartiessearch.

:85C: Receiving partyLine 2 (//XX): SWIFT BIC of thereceiving counterparty (accountholder with the bank or broker)

:31P: Trade date yyyymmdd Must be a local business day.

:30: Settlement date yyyymmdd Must be a local business day.

:32B: Cash amount SEKnnnnnnn,nnAgainst payment possibilities in SEK. For thematching tolerance, consult our Settlement -Matching tolerance per market webpage.

Your counterparty or its correspondent must submit a receipt instruction with the below details:

For equities:


in the delivering custodian field, they should quote our SWIFT BIC MGTCBEBEECL

on behalf of our SWIFT BIC MGTCBEBEECL in the seller field

in the safekeeping field of the seller, they should quote your five-digit Euroclear Bank account number

For bonds:


in the safekeeping field of the delivering agent, they should quote our account in the local market 000148919324




Page 2 of 2

https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---euclid-instruction-format-0.html?question=faqcontainer-faqquestion






https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---euclid-instruction-format-0.html?question=faqcontainer_1904093263-faqquestion_1802686394

https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---euclid-instruction-format-0.html?question=faqcontainer_1904093263-faqquestion

Sweden - Settlement - ISO 15022 instruction formats08/05/2020

Settlement Sweden ISO 15022 SWIFT Instruction formats Euroclear Bank

instruction requirements External settlement

Basics

On this page:


Free of payment (MT 540) or against payment (MT 541) receipt instruction

Free of payment (MT 542) or against payment (MT 543) delivery instruction


Free of payment (MT 540) or against payment (MT541) receipt instruction

Mandatory fields


Field tag Field name What you need to input What you need to know

:23G:Instruction type–Specialcondition

NEWM

PREA

NEW - New instruction released

PREA - New instruction 'on hold'

Notes:


To find out how to modify the 'hold and release'indicator of your instruction, please consult ourSettlement FAQ.

:95P::PSET//Place ofsettlement

VPCSSESS

:95R::DEAG/ECLR/

Deliveringagent

Euroclear Bank code ofthe delivering agent inEuroclear Sweden AB

The Euroclear Bank code to be used should be linkedto the SWIFT BIC of the delivering agent. This linkcan be found in my.euroclear.com > My Apps >Counterparties search.

or

:95P::DEAG//Deliveringagent

SWIFT BIC of thedelivering agent inEuroclear Sweden AB

The agent's SWIFT BIC should be recognised byEuroclear Bank for this particular market. To find thisinformation, go to my.euroclear.com > My Apps >Counterparties search.

:95P::SELL//Deliveringparty

SWIFT BIC of yourcounterparty

SWIFT BIC of the account holder with the deliveringagent

:98A::TRAD// Trade date yyyymmdd Must be a local business day.

:98A::SETT// Settlement date yyyymmdd Must be a local business day.

:19A::SETT// Cash amount SEKnnnnnnn,nn

Against payment possibilities in

SEK. For the matching tolerance,

consult our Settlement - Matching

tolerance per market webpage.

Page 1 of 3

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---iso-15022-instruction-format0.html#par_textimage_6

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---iso-15022-instruction-format0.html#par_faqcontainer







https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---iso-15022-instruction-format0.html?question=faqcontainer-faqquestion_1954324742


For equities:





For bonds:



in the receiving custodian field, they should quote our BIC MGTCBEBEECL

on behalf of our BIC MGTCBEBEECL in the buyer field


Free of payment (MT 542) or against payment (MT543) delivery instruction

Mandatory fields


Field tag Field name What you need to input What you need to know

:23G:Instruction type–Specialcondition

NEWM

PREA

NEW - New instruction released

PREA - New instruction 'on hold'

Notes:


To find out how to modify the 'hold and release'indicator of your instruction, please consult ourSettlement FAQ.

:95P::PSET//Place ofsettlement

VPCSSESS

:95R::REAG/ECLR/

Receivingagent

Euroclear Bank code ofthe receiving agent inEuroclear Sweden AB

The Euroclear Bank code to be used should be linkedto the SWIFT BIC of the receiving agent. This link canbe found in my.euroclear.com > My Apps >Counterparties search.

or

:95P::REAG//Receivingagent

SWIFT BIC of thereceiving agent inEuroclear Sweden AB

The agent's SWIFT BIC should be recognised byEuroclear Bank for this particular market. To find thisinformation, go to my.euroclear.com > My Apps >Counterparties search.

:95P::BUYR// Receiving partySWIFT BIC of yourcounterparty

SWIFT BIC of the account holder with the receivingagent

:98A::TRAD// Trade date yyyymmdd Must be a local business day.

:98A::SETT// Settlement date yyyymmdd Must be a local business day.

:19A::SETT// Cash amount SEKnnnnnnn,nnAgainst payment possibilities in SEK. Forthe matching tolerance, consult our Settlement - Matching tolerance per market webpage.


For equities:




Page 2 of 3

https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---iso-15022-instruction-format0.html?question=faqcontainer-faqquestion





https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---iso-15022-instruction-format0.html?question=faqcontainer_764038408-faqquestion_1954324742


For bonds:






Page 3 of 3

https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---iso-15022-instruction-format0.html?question=faqcontainer_764038408-faqquestion

Sweden - Settlement - EasyWay instruction formats08/05/2020

Settlement Sweden Instruction formats Euroclear Bank instruction requirements EasyWay

External settlement Basics

On this page:


Free of payment (RFP) or against payment (RVP) receipt instruction

Free of payment (DFP) or against payment (DVP) delivery instruction


Free of payment (RFP) or against payment (RVP)receipt instruction

Mandatory fields


Sequence Field nameFieldoption

What you need to input What you need to know

Settlementparties

Place ofsettlement

BIC VPCSSESS

Deliveringagent

EBcode

Euroclear Bank code of thedelivering agent inEuroclear Sweden AB

The Euroclear Bank code to be used should be linkedto the SWIFT BIC of the delivering agent. This linkcan be found in my.euroclear.com > My Apps >Counterparties search.

or

Deliveringagent

BICSWIFT BIC of thedelivering agent inEuroclear Sweden AB

The agent's SWIFT BIC should be recognised by usfor this particular market. To find this information, goto my.euroclear.com > My Apps >Counterparties search.

Seller BICSWIFT BIC of the accountholder with the deliveringagent

Tradedetails

Trade date ddmmyyyy Must be a local business day.

Settlementdate

ddmmyyyy Must be a local business day.

Amounts Cash amount SEKnnnnnnn.nn

Against payment possibilities in SEK. Forthe matching tolerance, consult our Settlement - Matching tolerance permarket webpage.

Settlementdetails

Hold &releaseindicator

Release

Hold

From the drop-down menu, you can select

either:

Release (default value)

Hold

Note: to find out how to modify the 'hold and

release' indicator of your instruction, please

consult our Settlement FAQ.


For equities:




Page 1 of 3

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---easyway-instruction-format.html#par_textimage_6

http://www.euroclear.com/content.html#par_faqcontainer







https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---easyway-instruction-format.html?question=faqcontainer-faqquestion


For bonds:






Free of payment (DFP) or against payment (DVP)delivery instruction

Mandatory fields


Sequence Field nameFieldoption

What you need to input What you need to know

Settlementparties

Place ofsettlement

BIC VPCSSESS

Receivingagent

EBcode

Euroclear Bank code of thereceiving agent inEuroclear Sweden AB

The Euroclear Bank code to be used should be linkedto the SWIFT BIC of the receiving agent. This linkcan be found in my.euroclear.com > My Apps >Counterparties search.

or

Receivingagent

BICSWIFT BIC of thereceiving agent inEuroclear Sweden AB

The agent's SWIFT BIC should be recognised by usfor this particular market. To find this information, goto my.euroclear.com > My Apps >Counterparties search.

Buyer BICSWIFT BIC of the accountholder with the receivingagent

Tradedetails

Trade date ddmmyyyy Must be a local business day.

Settlementdate

ddmmyyyy Must be a local business day.

Amounts Cash amount SEKnnnnnnn.nn

Against payment possibilities in SEK. Forthe matching tolerance, consult our Settlement - Matching tolerance permarket webpage.

Settlementdetails

Hold &releaseindicator

Release

Hold

From the drop-down menu, you can select

either:

Release (default value)

Hold

Note: to find out how to modify the 'hold and

release' indicator of your instruction, please

consult our Settlement FAQ.


For equities:





For bonds:




Page 2 of 3

https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---easyway-instruction-format.html?question=faqcontainer-faqquestion_1159085448






https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---easyway-instruction-format.html?question=faqcontainer_241411472-faqquestion



Page 3 of 3

https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden---settlement---easyway-instruction-format.html?question=faqcontainer_241411472-faqquestion_1159085448

Sweden - Custody - Interest, dividend and redemptionpayments16/10/2017

Income and redemption Bonds Equities Sweden 5W - When? 5W - How? 5W - What?

Market context Euroclear Bank income

Overview

CurrencyMaturity Interest rate Interest

calculationPaymentfrequency

Recorddate


Treasurybills

SEK 30 to 360days

Discount toyield

N/A N/A PD – 5 bds

Treasurybonds

SEK/EUR 1 to30 years

Fixed 360 days Annual PD – 5 bds


Commercialpaper

SEK/EUR Up to 12months

Discount toyield

N/A N/A PD – 5 bds

Medium-term notes

SEK/EUR 1 to 10years

Fixed,floating orzero coupon

360 days Semi-annualor annual

PD – 5 bds

Corporatebonds

SEK/EUR 1 to30 years

Fixed,floating orzero coupon

360 days Quarterly,Semi-annualor annual

PD – 5 bds

Mortgagebonds

SEK 1 to30 years

Fixed or zerocoupon

360 days Quarterly,Semi-annualor annual

PD – 5 bds

Bonds SEK N/A N/A N/A N/A PD – 5 bds


Equities SEK/EUR N/A N/A N/A N/ASEK:PD – 3bds (1)

EUR:PD – 5bds

Warrants SEK N/A N/A N/A N/A N/A

bd = local business day

PD = Payment Date

(1) Can also be PD – 5 bds, depending on the issuer’s decision.

Sweden - Custody - Market claims31/07/2014

Market claims Sweden Euroclear Bank Basics

Debt securitiesWe neither detect nor process market claims related to interest payments on Swedish debt securities.

EquitiesWe detect and process market claims related to custody distributions (cash and non-cash, including stock

splits) on Swedish equities and depository receipts for internal and external instructions, if:

the contractual settlement date of the instruction is before or the same as the Record Date

the actual settlement date is after the Record Date

We only detect, not process, market claims generated by Bridge instructions (03C, 07C).

Settlement timing of market claimsThe expected settlement timing of market claims and the tax rate are shown in the table below.

Instructions generatingmarket claims Cash distributions Non-cash distributions

Market claims Tax rate applied Market claims

Internal receipt instruction(01)

Up to 2 months(1) afterS, value P

According to applicable

certificate(2)Up to a few days before the end ofthe offer period

Internal deliveryinstruction (02)

External receiptinstruction (03)

External deliveryinstruction (07)

P = payment date

S = settlement date of the underlying settlement instruction

Notes(1) If the market claim is still pending at that time, the parties to the trade must settle it themselves.(2) The tax rate that will be applied cannot be guaranteed if the market claim settles after the Quick Refund

deadline.

ReportingFrom detection up to (but not including) settlement, pending market claims are reported in the Pending Market

Claims Status Report. This report:

lists securities transaction instructions that have generated a market claim

indicates whether the market claim is being/will be processed through us

shows statuses reflecting the market claims process

Debits and credits resulting from the settlement of market claims are reported in the Income Payable Report

(cash distributions) or in the Securities and Related Cash Movements report (non-cash distributions).

Sweden - Custody - Corporate actions25/07/2018

Corporate actions 5W - When? Reporting Sweden 5W - What? Euroclear Bank

You are informed of upcoming corporate actions affecting Swedish securities held in the Euroclear System

through corporate action notifications (DACE notices).

An overview of custody reporting is available in the Custody reporting – Quick card (pdf-222KB).

Stock splitsFor stock splits, we will automatically update the balances in your Securities Clearance Accounts on the local

record date according to the applicable ratio. Participants should not modify their internal and external

instructions that are pending on the local record date, as the adjustments will be carried out via the market

claims procedure. However, pending Bridge instructions should be adjusted by yourself.

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Guides/OP2212-Custody-reporting-Quick-card.pdf

Sweden - Custody - Voting04/09/2020

Sweden Proxy voting for clients Euroclear Bank Voting by proxy Basics

Annual and Extraordinary General Meeting notification

Registration

Voting procedures

Solicitation of a note holder's consent notification

Annual and Extraordinary General Meeting notificationThe place, date, time and deadlines for annual and extraordinary general meetings for Swedish Large Cap, Mid

Cap and Small Cap companies listed on the NASDAQ OMX Stockholm Stock Exchange and for the Swedish

companies listed on the NGM Stock Exchange are provided through corporate action notifications. These

notifications contain a specific narrative summarising the procedure you need to follow to vote at the meeting.

You can find relevant meeting agenda summaries and additional meeting information in the Corporate actions

app by entering the corporate action event number provided in the corporate action notification.

The entitlement to voting rights is determined on the local record date.

RegistrationRegistration details should be combined in the voting instruction: only one instruction is required to vote and

register the shares.

You can send your corporate action instruction with the beneficial owner's name using either:

EasyWay Corporate Actions

EUCLID - type 54 instruction (EUCLID proprietary format)

SWIFT - MT 565 Corporate Action Instruction (ISO 15022-compliant format)

Voting proceduresVoting is possible through a proxy representative or by the physical presence of the beneficial owner at the

meeting.

To exercise your voting rights through us, you must send us:

a corporate action instruction

a proxy form signed by the beneficial owner to SEB

To designate a proxy of your choice, in whose name an admission card will be issued, or to request that an

admission card be issued in the name of the beneficial owner to allow them to attend the meeting themselves,

you must send us a corporate action instruction only (voting instruction field left blank).

Instruction formats

EasyWay* - EasyWay Aset servicing user page (see How to create an instruction on page 16)

EUCLID - EUCLID data reference manual

SWIFT* - SWIFT MyStandards website (Euroclear Bank ISO 15022 collections)

(*) For securities subject to the Shareholder Rights Directive II, please also refer to Guidance on SWIFT and

EasyWay ISO 15022 General meeting messages.

Page 1 of 2

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/voting.html#par_textimage

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/voting.html#par_textimage_1



http://www.euroclear.com/content/operations/apps/en/corporate-actions.html


http://www.euroclear.com/content/dam/euroclear/Operational/SHARED-EB-ESES/OP3201_EasyWay_Asset_Servicing.pdf

http://www.euroclear.com/content/operations/apps/en/drm.html

http://www.euroclear.com/content/dam/euroclear/Operational/EB/SRDII/Guidance-on-SWIFT-and-EasyWay-ISO-15022-General-meeting-messages.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/SRDII/Guidance-on-SWIFT-and-EasyWay-ISO-15022-General-meeting-messages.pdf

Solicitation of a note holder’s consent notificationThe date, time and deadlines for solicitation of a note holder’s consent are provided through corporate action

notifications. These notifications contain a specific narrative summarising the procedure you need to follow to

cast a vote.

Relevant meeting agenda summaries and additional meeting information can be found in the Corporate

actions app by entering the corporate action event number provided in the corporate action notification.

Page 2 of 2



Sweden - Tax - Service overview03/12/2019

Bonds Equities Sweden Tax - At source Tax - Quick refund Tax - Standard refund

Euroclear Bank

Basics

Instruments

Withholding taxOthertaxes

Tax rate Tax reliefProactive Tax Reclaim Service- PTRS

Marketclaims

Domestic debtsecurities

(1) No No No No

Equities 30%(2)

Relief at Source(3)

Quick Refund

Standard Refund

No Yes No

Notes

(1) If the beneficial owner is an individual resident in Sweden, you are responsible for paying the withholding

tax, in compliance with local tax regulations, directly to the Swedish tax authorities.

(2) Unless the beneficial owner is a corporate resident in Sweden, in which case dividend payments are not

subject to withholding tax.

(3) Unless the beneficial owner is resident in Switzerland, in which case it is only entitled to Standard Refund

of withholding tax through the procedure applicable under the relevant Double Taxation Agreements (DTAs).

Page 1 of 1

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/sweden-tax-equities-lod2.html




Sweden - Tax - DTA table - Equities22/03/2019

Equities DTA tables Sweden Tax - At source Tax - Quick refund Tax - Standard refund

Euroclear Bank


Country (A-L) Withholding tax (%) Country (L-Z) Withholding tax (%)

Armenia 15 Lithuania 15

Albania 15 Luxembourg 15

Argentina 15 Macedonia 15

Australia 15 Malaysia 15

Austria 10 Malta 15

Azerbaijan 15 Mauritius 15

Bangladesh 15 Mexico 15

Barbados 15 Montenegro 15 1

Belarus 10 Namibia 15

Belgium 15 TheNetherlands

15

Bolivia 15 New Zealand 15

Bosnia andHerzegovina

15 1 Nigeria 10

Botswana 5 Norway 15

Brazil 25 Pakistan 30

Bulgaria 10 The Philippines 15

Canada 15 Poland 15

Chile 10 Portugal 10

China 10 Romania 10

Croatia 15 1 Russia 15

Cyprus 15 Saudi Arabia 10

Czech Republic 10 Serbia 15 1

Denmark 15 Singapore 15

Egypt 20 SlovakRepublic

10

Estonia 15 Slovenia 15 1

Finland 15 South Africa 15

France 15 South Korea 15

Gambia 15 Spain 15

Georgia 10 Sri Lanka 15

Germany 15 Switzerland 15

Greece 0 Taiwan 10

Hungary 15 Tanzania 25

Iceland 15 Thailand 30

India 10 Trinidad andTobago

20

Indonesia 15 Tunisia 20

Ireland 15 Turkey 20

Israel 15 Ukraine 10

Italy 15 UnitedKingdom

5

Jamaica 22.5 United States 15

Japan 10 Venezuela 10

Kazakhstan 15 Vietnam 15

Kenya 25 Yugoslavia 15

Kosovo 15 1 Zambia 15

Latvia 15 Zimbabwe 20

Note:

1 The treaty concluded between Sweden and the former Yugoslavia (Macedonia excluded).

Sweden - Tax - Tax forms27/11/2019

Equities Sweden Tax - Quick refund Tax - At source Forms Tax - Standard refund

Euroclear Bank

Relief at Source

Equities

Sweden - SW_F001 - Tax relief certificate for application of treaty rates...

Sweden - SW_F002 - Amendment to Tax relief certificate (pdf-64KB)

Quick Refund

Equities



Standard Refund

Equities

Sweden - SW_F004 - Covering letter for Standard Refund (pdf-110KB)

Sweden - SW_F005 - Claim for repayment of Swedish tax on dividends...

Sweden - SW_F005_FIO - Claim for repayment of Swedish tax on dividends...

Sweden - SW_F005b - Claim for repayment of Swedish tax on dividends for...

Sweden - SW_F005b_FIO - Claim for repayment of Swedish tax on dividends for...

Sweden - SW_F006 - Power of attorney (pdf-27KB)

Sweden - SW_F007 - Credit Advice (pdf-138)

Sweden - SW_F008 - Power of Attorney - Beneficial owner as direct...

Sweden - SW_F009 - Power of Attorney - Beneficial owner not being a direct...

Sweden - SW_F010 - Power of Attorney - Custodian being a direct Participant...

Sweden - SW_F011 - Power of Attorney - Custodian not being a direct...

Page 1 of 1

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F001_sweden-tax-relief-certificate.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F002_Sweden_amendment-to-tax-relief-certificate.pdf



http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F004%20Sweden%20-%20Covering%20letter%20for%20claiming%20a%20refund.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005_Sweden_claim-for-repayment-of-swedish-tax-on-dividends.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005_FIO_Sweden_claim-for-repayment-of-swedish-tax-on-dividends-skv-3740.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005b_Sweden_claim-for-repayment-of-swedish-tax-on-dividents-for-swiss-residents-skv-3742.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005b_FIO%20Sweden%20-%20Claim%20for%20repayment%20of%20Swedish%20tax%20on%20dividents%20for%20Swiss%20residents%20-%20SKV%203742.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F006_Sweden_power-of-attorney.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F007_Sweden_credit-advice.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F008_EN_Sweden_power-of-attorney-beneficial-owner-as-direct-participant-of-euroclear.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F009_EN_Sweden_power-of-attorney-beneficial-owner-not-being-a-direct-participant-of-euroclear.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F010_EN_Sweden_power-of-attorney-custodian-being-a-direct-participant-of-euroclear.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F011_Sweden_power-of-attorney-custodian-not-being-a-direct-participant-of-euroclear.pdf

Sweden - Tax - Securities tax information31/08/2018

Equities Sweden Tax - At source Tax - Quick refund Tax - Standard refund 5W - What?

Euroclear Bank

The ‘Securities tax information’ spreadsheet lists the tax services available through Euroclear Bank for

Sweden per ISIN code. This document also provides you with a high level overview of the tax documentation

that needs to be submitted to benefit from Relief at Source, Quick refund or Standard Reclaim whenever

applicable.

For more details on the documentation requirements, consult the corporate action notifications (DACE

notices).

Important

The information in the corporate action notifications (DACE notices) always prevails over the ‘Securities tax information’spreadsheet.

Updates are available every Monday at 13:00 (Brussels time).

Terms and conditionsPlease read these terms and conditions carefully. By accessing this securities tax information section of the

Euroclear Bank website, you agree to be bound by the terms and conditions below. If you do not agree with the

terms and conditions, please do not access this section of the Euroclear Bank website.

The information contained in this section of the website (the "Securities Tax Information Section") is designed

to provide information on Euroclear Bank tax relief at Source and refund procedures to Euroclear Bank

Participants or their authorised agents. Access by any other party is strictly prohibited.

The information included in this Securities Tax Information Section is intended for the benefit of Participants

and their clients. This information may not be re-distributed, re-used or re-sold to any other person except with

the prior consent of Euroclear Bank.

The information provided in this Securities Tax Information Section of the Euroclear Bank website is for

informational purposes only and is not and should not be construed or treated as investment, financial, legal or

tax advice.

Accordingly, it is each Participant's sole responsibility to verify the tax treatment of each security before acting

upon the information contained in this Securities Tax Information Section. Euroclear Bank disclaims any

responsibility as to the accuracy and completeness of the information.

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Securitiestaxinformation/Securities%20tax%20information%20-%20Sweden.xls

Sweden - Lending and borrowing14/10/2014

Lending and borrowing Sweden Euroclear Bank SLB securities lending securities borrowing

Basics

Eligible securitiesAll securities eligible for settlement in Euroclear Bank are eligible for the Euroclear Bank Securities Lending

and Borrowing Programme, except:

commercial paper

warrants

stripped issues

Notice periods(in Business Days)

Recalls Pending deliveries


Treasury bills 3 6

Treasury bonds 3 6


Commercial paper 3 6

Medium-term notes 3 6

Corporate bonds 3 6

Mortgage bonds 3 6


Equities 2 6

Warrants 2 6

For more information on the Recall period, consult How recalls work.

Specific featureWhen a second or subsequent tranche of a multi-tranche issue is distributed in the domestic market after the

batch process dated the issuance date (S), you may borrow securities to settle new-tranche securities

transaction instructions through the batch process dated S.

SEK - Money transfer16/04/2020

Money transfer Sweden Euroclear Bank cash instruction cash transaction Basics

On this page:Wire transfer instruction
















This webpage gives you all the information you need to send money transfer instructions in the Swedish krona

(SEK) via Euroclear Bank.

Wire transfer instruction


There are no specific features for wire transfer instructions in SEK.


There are no specific instruction requirements for wire transfer instructions in SEK.


SEK belongs to currency group A.

The Quick cash card (pdf-400KB) gives an overview of the input and cancellation deadlines for money transfer

instructions in EasyWay, EUCLID and SWIFT.



Cash Correspondents Details

Page 1 of 3

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/SEK-money-transfer.html#par_textimage_3





http://www.euroclear.com/content.html#par_textimage_259203775



http://www.euroclear.com/content.html#par_textimage








https://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/SEK-money-transfer.html?question=faqcontainer-faqquestion

https://my.euroclear.com/dam/EB/Guides/OP2100-Quick-cash-card.pdf#page=6

Skandinaviska Enskilda Banken AB, StockholmSWIFT BIC: ESSESESS

Euroclear Bank account number: 52018532901

Svenska Handelsbanken AB, StockholmSWIFT BIC: HANDSESS

Euroclear Bank account number: 40367029


You must mention the SWIFT BIC of the intended Euroclear Bank Cash Correspondent as mandatory

information in the following field in your preadvice of funds instruction:

Channel Message type Field

EasyWay Preadvice of funds Intermediary

EUCLID PF 210 :56A:

SWIFT MT 210 :56A:

Failure to do so will result in the non-validation of your instruction.







There are no specific features for foreign exchange instructions in SEK.


There are no specific instruction requirements for foreign exchange instructions in SEK.







There are no specific features for book transfer instructions in SEK.

Page 2 of 3




There are no specific instruction requirements for book transfer instructions in SEK.





Page 3 of 3


Sweden - Tax - Equities20/01/2020

Equities Sweden Tax - At source Euroclear Bank Tax - Quick refund Tax - Standard refund

Basics

General informationMaximum withholding tax rate 30% 1

Tax relief service Relief at Source 2

Quick Refund

Standard Refund

Proactive Tax Reclaim Service -PTRS

No

Holding restriction No

Reporting requirement No

Market claims Yes

Other taxes No

1 Unless the beneficial owner is a corporate resident in Sweden, in which case dividend payments are not

subject to withholding tax.

2 Unless the beneficial owner is resident in Sweden, in which case it is only entitled to Standard Refund of

withholding tax through the procedure applicable under the relevant Double Taxation Agreements (DTAs).

Tax relief service

Relief at Source

In this section you will find the following:




Special rules for (non-)European UCITS funds




You may obtain relief from withholding tax at Source if you hold Swedish equities on behalf of beneficial

owners that are resident in a country, other than Switzerland, that has a Double Taxation Agreement (DTA) in

place with Sweden.

For a list of DTA countries, consult the DTA table - Equities.

Exceptions

If you hold securities on behalf of beneficial owners that are resident in Switzerland, you cannot obtain Relief

at Source.


Page 1 of 10


http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/dta-table---equities.html

To apply for Relief at Source, you must send us the following documents:

a duly completed and executed Tax relief certificate (SW_F001). You must send this document by post before the firstrelevant dividend payment. In completing the Tax relief certificate, you certify that the Swedish equities you may hold, fromtime to time, in your Securities Clearance Account(s) are held on behalf of beneficial owners (including yourself, ifapplicable) resident in a DTA country other than Switzerland. For segregated accounts, this certificate is valid for a period offive years, with the possibility to extend every five years and for omnibus accounts the certificate is valid until revoked

an Amendment to Tax relief certificate/List of beneficial owners (SW_F002), if you hold the equities on behalfof beneficial owners resident in more than one DTA country, other than Switzerland.

We must receive this information before each relevant dividend payment and for each relevant Securities Clearance Account.You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it to youremail). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If sending by post, thelist must be authenticated by an authorised signature.

Important

If you apply for Relief at Source of withholding tax on dividend payments on Swedish equities, you must

provide us with:

the country of residence for tax purposes

the quantity of securities per country held per payment

all other relevant documentation or certification for each beneficial owner for which relief is claimed, upon request


Please consult your Dace Notification (500/511) for confirmation of the deadline related to your payment.

To benefit from the relief available, you must comply with the above procedural requirements in a complete

and timely manner. Otherwise, your dividend payment(s) will be taxed at the maximum rate.

Special rules for distributions in kindDistributions in kind on Swedish equities (such as purchase rights, securities, etc.) may be subject to the same

withholding tax regime as dividends distributed in cash.

Withholding tax is applied after the distribution, as the Swedish tax authorities establish the taxable value of

the distribution in kind some time after distribution.

When we have received the information related to the taxable basis, we will debit your Cash Account with the

withholding tax liability. If you are credited with distributions in kind, you are therefore requested to reserve an

amount for this purpose in your Euroclear Bank Cash Account.

You may apply for Relief at Source from withholding tax by complying with the procedural requirements as

described for cash dividends.



Dividends paid on Swedish equities to beneficial owners that are corporations resident in Sweden are not

subject to withholding tax. If you hold Swedish equities on behalf of such beneficial owners, you must report

the dividend payments to the Swedish tax authorities.


To apply for Relief at Source, you must send us the following documents:

a duly completed and executed Tax relief certificate (SW_F001). For segregated accounts, this certificate is valid for aperiod of five years, with the possibility to extend every five years and for omnibus accounts the certificate is valid untilrevoked

in case of an omnibus account, an Amendment to the Tax relief certificate/List of beneficial owners (SW_F002) that areresidents of Sweden

You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it

to your email). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If

Page 2 of 10



http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/TaxGenix%20quick%20cards/Breakdowns%20-%20Create%20-%20External.xlsm

http://www.euroclear.com/content/operations/eb/en/reference/services/tax/Tax-breakdowns-via-email.html





sending by post, the list must be authenticated by an authorised signature.

Dividends paid on Swedish equities to beneficial owners that are individuals resident in Sweden are subject to

withholding tax at a rate of 30%. According to Swedish regulations, beneficial owners that are Swedish

individuals must hold Swedish equities either directly themselves, or through a Swedish or foreign nominee.

Such a nominee is usually a bank, a broker, or another intermediary accountable to the Swedish tax authorities,

which is obliged to apply Swedish withholding tax on dividend payments to individuals resident in Sweden and

report such payments. If the equities are held by a foreign intermediary and the beneficial owner is a Swedish

individual, the individual must request the intermediary to report the following information to the Swedish tax

authorities at the end of the year:

the payment of dividends

the proceeds when selling

the number of securities to the Swedish tax authorities



To benefit from the relief available, you must comply with the above procedural requirements in a complete

and timely manner. Otherwise, your dividend payment(s) will be taxed at the maximum rate.

If you miss the deadline for Relief at Source, you can apply for a Quick Refund.


UCITS funds

Undertakings for the Collective Investment in Transferable Securities (UCITS) can apply for Relief at Source,

if they are domiciled either:

within the EEA

in a state that has entered into a tax treaty that contains an article on exchange of information with Sweden

in a state that has entered into an agreement with Sweden on the exchange of tax information

To apply for Relief at Source, you must send us:

European UCITS Non-European UCITS

a duly completed and executed Taxrelief certificate (SW_F001). For segregated accounts,this certificate is valid for a period of five years, withthe possibility to extend every five years and foromnibus accounts the certificate is valid until revoked

a list of beneficial owners per dividend payment. Thisbreakdown should include the:

name of the umbrella fund

name of the sub funds/compartments and theirholding

an attestation referring to the Directive 2009/65/EG




name of the sub funds/compartment and theirholding

a copy of the approval from the Swedish FinancialSupervisory Authority to market and sell units in thefund in Sweden

Page 3 of 10

http://www.euroclear.com/content/operations/eb/en/reference/markets/sweden/Sweden-Equities-Quick-Refund.html



Special rules for tax-exempt entitiesAs a general rule, foreign governments and other similar entities are treated as any other beneficial owner

resident in their country and can apply for Relief at Source from withholding tax through the procedure

applicable under the relevant DTA.

Swedish tax law provides a list of entities that are entitled to an exemption from withholding tax. However,

entities that are not included in the list may apply for recognition of tax-exempt status to the Swedish tax

authorities. Application must be made by providing proof of entitlement to such status.

If you hold securities for beneficial owners that are recognised as tax-exempt entities by the Swedish tax

authorities, you can apply for Relief at Source from withholding tax by complying with the procedural

requirements as described above. When lodging a claim, proof must be provided that the beneficial owner is

recognised as tax-exempt entity by the Swedish tax authorities.

Quick Refund






Special rules for (non-)European UCITS funds




You may obtain application of the DTA rate of withholding tax through a Quick Refund if you hold Swedish

equities on behalf of beneficial owners that are resident in a country, other than Switzerland, that has a Double

Taxation Agreement (DTA) in place with Sweden.


Exceptions

If you hold securities on behalf of beneficial owners that are resident in Switzerland, you cannot obtain a Quick

Refund.


To apply for a Quick Refund, you must send us the following documents:

a cover letter requesting a Quick Refund, giving general information about the dividend payment(s), refund(s) claimed andyour Cash Account number

a duly completed and executed Tax relief certificate (SW_F001). For segregated accounts, this certificate is valid for aperiod of five years, with the possibility to extend every five years and for omnibus accounts the certificate is valid untilrevoked. You must send this document by post before the first relevant dividend payment. In completing the Tax reliefcertificate, you certify that the Swedish equities you may hold, from time to time, in your Securities Clearance Account(s)are held on behalf of beneficial owners (including yourself, if applicable) resident in a DTA country other than Switzerland

an Amendment to Tax relief certificate/List of beneficial owners (SW_F002), if you hold the equities on behalf of morethan one single beneficial owner, or category of beneficial owners. You do not have to send this document if you holdSwedish equities either for your own account or on behalf of a single third party beneficial owner

We must receive this information before each relevant dividend payment and for each relevant Securities Clearance Account.You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it to youremail). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If sending by post, thelist must be authenticated by an authorised signature.

Page 4 of 10






Important

If you apply for a Quick Refund of withholding tax on dividend payments for Swedish equities, you must

provide us with the country of residence, the quantity of securities held per payment and all other relevant

documentation or certification for each beneficial owner for which relief is claimed upon request

Note: your Tax relief certificate (OTC) should be dated - at the latest - on the record date of the payment for

which you wish to request a Quick Refund










You may apply for a Quick Refund of withholding tax by complying with the procedural requirements as


Special rules for proceeds from redemption and repurchase ofsharesProceeds from redemptions and repurchases of a company’s own shares are treated as dividends at the time of

the payment (i.e. as subject to withholding tax). However, for such payments made on or after 1 January 2005,

the beneficial owner is entitled to claim a Standard Refund of the withholding tax applied on the portion of the

proceeds that correspond to the acquisition price (including fees and commissions) of the redeemed or

repurchased shares.

The procedure to follow is the same as described above under Standard Refund with the additional requirement

to attach proof showing the acquisition price (copy of contract note or similar document). After redemption,

part of the acquisition cost shall be transferred from the parent shares to the redemption shares. The exact

percentage to transfer is decided by the Swedish tax authorities for each case. The same rules apply to

repurchase proceeds. However, for listed shares the beneficial owner is, as an alternative, permitted to calculate

the acquisition price as being equal to 20 percent of the redemption value of the shares (without any need to

provide proof of the real acquisition price).

Finally it may be noted that if the non-resident shareholder sells the redemption shares or redemption rights

there is no Swedish withholding tax. The same applies to repurchase shares and selling rights.



Dividends paid on Swedish equities to beneficial owners that are corporations resident in Sweden are not

subject to withholding tax. If you hold Swedish equities on behalf of such beneficial owners, you must report

the dividend payments to the Swedish tax authorities.


To apply for a Quick Refund, you must send us the following documents:

a duly completed and executed Tax relief certificate (SW_F001). For segregated accounts, this certificate is valid for aperiod of five years, with the possibility to extend every five years and for omnibus accounts the certificate is valid untilrevoked

an Amendment to Tax relief certificate/List of beneficial owners (SW_F002) that are residents of Sweden

Page 5 of 10



You can send this information to us by authenticated SWIFT, post or email (using this template and attaching it

to your email). To send the list by email, you must be subscribed to our Tax breakdowns via email service. If

sending by post, the list must be authenticated by an authorised signature.

Dividends paid on Swedish equities to beneficial owners that are individuals resident in Sweden are subject to

withholding tax at a rate of 30%. According to Swedish regulations, beneficial owners that are Swedish

individuals must hold Swedish equities either directly themselves, or through a Swedish or foreign nominee.

Such a nominee is usually a bank, a broker, or another intermediary accountable to the Swedish tax authorities,

which is obliged to apply Swedish withholding tax on dividend payments to individuals resident in Sweden and

report such payments. If the equities are held by a foreign intermediary and the beneficial owner is a Swedish

individual, the individual must request the intermediary to report the following information to the Swedish tax

authorities at the end of the year:

the payment of dividends

the proceeds when selling

the number of securities to the Swedish tax authorities




Undertakings for the Collective Investment in Transferable Securities (UCITS) can apply for Relief at Source,

if they are domiciled either:

within the EEA

in a state that has entered into a tax treaty that contains an article on exchange of information with Sweden

in a state that has entered into an agreement with Sweden on the exchange of tax information

To apply for Relief at Source, you must send us:

European UCITS Non-European UCITS




name of the sub funds/compartments and theirholding

an attestation referring to the Directive 2009/65/EG




name of the sub funds/compartment and theirholding

a copy of the approval from the Swedish FinancialSupervisory Authority to market and sell units in thefund in Sweden


resident in their country and can apply for a Quick Refund of withholding tax through the procedure applicable

under the relevant DTA.

Page 6 of 10









authorities, you can apply for a Quick Refund of withholding tax by complying with the procedural



Standard Refund








You may obtain application of the DTA rate of withholding tax through a Standard Refund if you hold

Swedish equities on behalf of beneficial owners that are resident in a country that has a Double Taxation

Agreement (DTA) in place with Sweden.


Exceptions

Irish offshore funds, Luxembourg FCPs and SICAVs and Malaysian companies incorporated under Labuan

legislation are not entitled to DTA benefits.


To apply for a Standard Refund, you must send us the following documents:

a cover letter (SW_F004), printed on letterhead paper, requesting a Standard Refund, giving general information about thedividend payment(s), refund(s) claimed and your Cash Account number. You must send this letter by post for each relevantdividend payment

the relevant completed and executed copy of the tax refund form (SW_F005) intended for the Swedish tax authorities. Youmust send us this form for each relevant dividend payment and for each relevant beneficial owner (including yourself, ifapplicable)

a power of attorney (SW_F006), if you execute the form on behalf of the beneficial owner. You must send this documentby post for each relevant dividend payment and for each relevant beneficial owner

a credit advice (SW_F007)


To be effective, our Tax Operations - Sweden team must receive your documentation no later than sixweeks before the tax authorities’ deadline (five years, or two years if the beneficial owner is resident in

Austria, from the end of the calendar year in which the dividend was paid).




Page 7 of 10










You may apply for a Standard Refund of withholding tax by complying with the procedural requirements as


Special rules for proceeds from redemption and repurchase ofsharesProceeds from redemptions and repurchases of a company’s own shares are treated as dividends at the time of

the payment (i.e. as subject to withholding tax). However, for such payments made on or after 1 January 2005,

the beneficial owner is entitled to claim a Standard Refund of the withholding tax applied on the portion of the

proceeds that correspond to the acquisition price (including fees and commissions) of the redeemed or

repurchased shares.

The procedure to follow is the same as described above under Standard Refund with the additional requirement

to attach proof showing the acquisition price (copy of contract note or similar document). After redemption,

part of the acquisition cost shall be transferred from the parent shares to the redemption shares. The exact

percentage to transfer is decided by the Swedish tax authorities for each case. The same rules apply to

repurchase proceeds. However, for listed shares the beneficial owner is, as an alternative, permitted to calculate

the acquisition price as being equal to 20 percent of the redemption value of the shares (without any need to

provide proof of the real acquisition price).

Finally it may be noted that if the non-resident shareholder sells the redemption shares or redemption rights

there is no Swedish withholding tax. The same applies to repurchase shares and selling rights.


resident in their country and can apply for a Standard Refund of withholding tax through the procedure

applicable under the relevant DTA.





authorities, you can apply for a Standard Refund of withholding tax by complying with the procedural



Tax forms

Relief at Source and Quick Refund forms



Standard Refund forms

Sweden - SW_F004 - Covering letter for Standard Refund (pdf-110KB)

Sweden - SW_F005 - Claim for repayment of Swedish tax on dividends...

Sweden - SW_F005_FIO - Claim for repayment of Swedish tax on dividends...

Sweden - SW_F005b - Claim for repayment of Swedish tax on dividends for...

Sweden - SW_F005b_FIO - Claim for repayment of Swedish tax on dividends for...

Sweden - SW_F006 - Power of attorney (pdf-27KB)

Sweden - SW_F007 - Credit Advice (pdf-138)

Page 8 of 10





http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005_FIO_Sweden_claim-for-repayment-of-swedish-tax-on-dividends-skv-3740.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005b_Sweden_claim-for-repayment-of-swedish-tax-on-dividents-for-swiss-residents-skv-3742.pdf

http://www.euroclear.com/content/dam/euroclear/Operational/EB/Forms/tax/Sweden/SW_F005b_FIO%20Sweden%20-%20Claim%20for%20repayment%20of%20Swedish%20tax%20on%20dividents%20for%20Swiss%20residents%20-%20SKV%203742.pdf




Country (A-L) Withholding tax (%) Country (L-Z) Withholding tax (%)

Armenia 15 Lithuania 15

Albania 15 Luxembourg 15

Argentina 15 Macedonia 15

Australia 15 Malaysia 15

Austria 10 Malta 15

Azerbaijan 15 Mauritius 15

Bangladesh 15 Mexico 15

Barbados 15 Montenegro 15 1

Belarus 10 Namibia 15

Belgium 15 TheNetherlands

15

Bolivia 15 New Zealand 15

Bosnia andHerzegovina

15 1 Nigeria 10

Botswana 5 Norway 15

Brazil 25 Pakistan 30

Bulgaria 10 The Philippines 15

Canada 15 Poland 15

Chile 10 Portugal 10

China 10 Romania 10

Croatia 15 1 Russia 15

Cyprus 15 Saudi Arabia 10

Czech Republic 10 Serbia 15 1

Denmark 15 Singapore 15

Egypt 20 SlovakRepublic

10

Estonia 15 Slovenia 15 1

Finland 15 South Africa 15

France 15 South Korea 15

Gambia 15 Spain 15

Georgia 10 Sri Lanka 15

Germany 15 Switzerland 15

Greece 0 Taiwan 10

Hungary 15 Tanzania 25

Iceland 15 Thailand 30

India 10 Trinidad and 20

Page 9 of 10

Tobago

Indonesia 15 Tunisia 20

Ireland 15 Turkey 20

Israel 15 Ukraine 10

Italy 15 UnitedKingdom

5

Jamaica 22.5 United States 15

Japan 10 Venezuela 10

Kazakhstan 15 Vietnam 15

Kenya 25 Yugoslavia 15

Kosovo 15 1 Zambia 15

Latvia 15 Zimbabwe 20

Note:

1 The treaty concluded between Sweden and the former Yugoslavia (Macedonia excluded).

Page 10 of 10

Sweden - Tax - Depository receipts with underlying Swedishissuers05/03/2019

Sweden Euroclear Bank Depository receipts Basics

General informationMaximum withholding tax rate 30%

Tax relief service No


No



Market claims No

Other taxes No

Sweden - Tax - Swedish securities listed in foreign markets23/10/2019

Sweden Euroclear Bank Basics

Note: the information on this page applied to Spanish securities listed in the following markets: Belgium,

Denmark, Finland, France, Germany, Norway, Switzerland, The Netherlands, United Kingdom and United

States.

General informationMaximum withholding tax rate 30%

Tax relief service No


No



Market claims Yes1

Other taxes No

1 Market claims can be generated depending on the place of listing of the remote security. For more details per

market, refer to our dedicated market claims page.

http://www.euroclear.com/content/operations/eb/en/reference/services/custody/market-claims-basics.html

Sweden - Disclosure requirements02/09/2020

Custody Euroclear Bank Market context Basics Sweden

Securities subject to Shareholder Rights Directive IISecurities eligible on this market link can be subject to disclosure request as per the national implementing

measures of the Shareholders Directive Rights Directive (EU)2017/828 (SRD II).

Page 1 of 1

Sweden - everything in one PDF - Euroclear · Cash Correspondent Skandinaviska Enskilda Banken AB...

Documents

Transcript of Sweden - everything in one PDF - Euroclear · Cash Correspondent Skandinaviska Enskilda Banken AB...