Malaysia: Resumption of Foreign Exchange service

16.01.2017

Further to our announcement A16165, dated 16 November 2016, Clearstream Banking1 would like to inform its customers that, effective

immediately

The Foreign Exchange service against Malaysian Ringgit (MYR) is resumed under specific conditions, to comply with the Malaysian Central Bank, Bank Negara Malaysia’s (BNM) enhanced requirements.

Impact on customers

Before participating in any Foreign Exchange service for MYR, customers are required to submit the following one-time SWIFT MT599 free-format message to:

“Attn: Clearstream Banking Treasury Desk

Clearstream Account Number: <Clearstream account(s) number(s)>

We, <entity name >, hereby unconditionally represent and warrant that we do not and will not conduct or transact in any offshore MYR non-deliverable forwards and / or offshore MYR foreign exchange derivatives contracts, as well as any future product of financial instruments of similar substance.

We, <entity name >, agree to indemnify Clearstream Banking and to hold Clearstream Banking harmless for any claims, fines, penalties, damages or losses, whether direct or indirect, resulting from an untrue, incomplete or inaccurate representation.“

Once the message is received and recorded by the Clearstream Banking Treasury Desk, the Foreign Exchange service will be re-activated on the given account.

Note: One MT599 for multiple accounts can be accepted provided that all the accounts belong to the same entity.

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 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, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.