26Furthermore, according to the case-law of the Court, that analysis relating to transactions concerning transfers or payments within the meaning of Article 13B(d)(3) of the Sixth Directive applies, in principle, mutatis mutandis with regard to transactions in securities within the meaning of Article 13B(d)(5) thereof (see, to that effect, CSC Financial Services, paragraph 27, and Skandinaviska Enskilda Banken, paragraph 33).