Negative interest rates on long balances: Update on EUR, CZK, DKK, JPY and SEK

22.04.2016

In line with market developments and effective

1 May 2016

Clearstream Banking1 will revise the negative interest rates on long balances in Euro (EUR), Czech Koruna (CZK), Danish Krone (DKK), and Sweden Krona (SEK) and will additionally apply negative interest on long Japanese Yen (JPY) balances.

Impact on Customers

The revised credit rates per annum are:

Currencies

Current rate

Revised rate

EUR

-0.40%

-0.60%

CZK

-0.40%

-0.60%

DKK

-1.20%

-1.40%

JPY

-

-0.20%

SEK

-1.00%

-1.20%

Customers should note that the negative interest rates applied on long balances may be subject to change without prior notice. Temporary increases may appear on, but are not limited to unusual conditions on quarter end or any other adverse events.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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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.