Negative interest rate: Update to Clearstream’s policy for positive Euro balances

11.08.2015

Further to our announcement A15040, dated 10 April 2015, Clearstream Banking1 advises customers that effective

1 September 2015

the tiered mechanism excluding long balances of less than EUR 7,500,000 from the negative interest rate charge will be discontinued.

Impact on customers 

All long balances in EUR held on Clearstream Banking customers’ accounts will be charged the current negative rate.

The charge will be calculated on the daily end of day balance and debited from customers’ accounts on the 15th day of the following month.

The negative rate remains unchanged until further notice at 0.20% p.a.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
------------------------------
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.