Greece: 0.20% tax effective on OTC lending transactions settled in HELEX

	This content is pending content! Here is the link to the original content: Original content
	Some of the information contained on this page is going to expire. To view upcoming changes please go to Pending content.

Reference number:	A12027
Category:	Settlement
Market:	Greece
Last updated:	06/02/2012
Languages:	English French German

Following our MarketFlash M12004 dated 1 February 2012, we inform you that effective, trade date

2 February 2012

OTC lending transactions settling in HELEX, the Greek CSD are subject to 0.20% tax calculated on the value of the shares lent.

The new tax is payable by the lender and is imposed regardless of the nationality and place of residence or registered office of the lender and regardless of whether the lender is exempt from any tax or duty on the basis of other legislative provisions.

Impact on customers

Any OTC lending transactions conducted by customers in the Greek market are subject to 0.20% tax on the value of the shares lent. Clearstream Banking will pass on to customers the charges incurred in the Greek market on an upon receipt basis.

Further information

For further information about our products and services, please contact Clearstream Banking Customer Service or your Relationship Officer.

Add page to Print Basket | Add section to Print Basket | View Print Basket | Print