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Tunisie Clearing
Confidentiality – effectiveness – innovation

Services

Custody

Last update : 10-03-2015

Tunisie Clearing ensures the custody and the safekeeping of all listed securities, unlisted securities and government securities.

Tunisie Clearing registers the integrity of each security issue in one or many accounts on the basis of the information provided by the issuer or its mandated approved intermediary.

The securities book entry is based on a two interrelated accounting levels:

  • 1st level : Bookkeepers accounting.
  • 2nd level: Tunisie Clearing accounting.

Tunisie Clearing checks constantly, for each security admitted to its operations, that the total number of securities registered in the issue account is equal to the total number of securities registered in participants’ accounts.

Taking into consideration the undergoing operations, bookkeepers must verify within their accounting that their assets at Tunisie Clearing are exactly equal to the assets registered in their accounts on behalf of their clients.

Tunisie Clearing implements the necessary procedures to enable participants to perform periodic reconciliations between the positions of securities they hold and those of securities registered in the books of Tunisie Clearing.

A security’s account at Tunisie Clearing is identified by:

  • The ISIN code;
  • The participant code;
  • The assets category code that allows the segregation of the participant assets from those of its clients. Currently, 7 assets categories are used:
    • 001: Own account assets,
    • 021: Tunisian free managed client assets,
    • 022: Tunisian managed clients assets,
    • 031: Foreign free managed client assets,
    • 032: Foreign managed clients assets,
    • 004: Collective investment assets,
    • 006: Regulation assets.
  • The account type code that allows the distinction between securities of the same assets category (ordinary securities, pledged securities, …).