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U.S. Executive Order: New sanctions against Iran

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Reference number: A12030
Category: Settlement
Last updated: 07/02/2012
Languages: English  French  German  

Effective

00:01 (Eastern Standard Time) 6 February 2012

the United States has imposed new sanctions against Iran by Executive Order.

This Executive Order requires blocking of all property and interests in property of the Government of Iran, including but not limited to the Central Bank of Iran, and of all other Iranian Financial Institutions, where such property and interests in property are located in the United States or are in the possession or control of U.S. persons anywhere in the world, including foreign branches.

Consistent with the Executive Order and Clearstream’s compliance policies and practices, if an account with Clearstream holds securities or other assets covered by the Executive Order as described above, Clearstream blocks such securities or assets and does not permit any dealings in them for as long as the Executive Order is in effect.

Customers must inform us if they hold any property or interests in property of the Government of Iran, including but not limited to the Central Bank of Iran, or any other Iranian Financial Institution, in their account with Clearstream. Where such property or interests in property are located in the United States or are in the possession or control of U.S. persons anywhere in the world, including foreign branches, they will be blocked.

Customers must inform us if they have ongoing business relating to Iran. We reserve the right to discontinue services in the event a customer has such ongoing business.

Further information

For further information, please contact Clearstream Banking Customer Service or your Relationship Officer.