In a process for forming a linking element for a push belt for a continuously variable transmission, material is displaced from a central portion of the linking element during a blanking process, which central portion is substantially centrally located in the horizontal transverse direction. A blanking member which is applied during the blanking process, comprises a shaping surface which abuts against a front surface or a back surface of the linking element under the influence of pressure during the blanking process. The blanking member is provided with a relatively elevated central portion, which serves to displace material from the central portion of the linking element during the blanking process.