Czech Republic: Negative interest rate on long balances in CZK increased

11.04.2017

Effective

1 May 2017

Clearstream Banking1 will adjust the negative CZK interest rate on end-of-day long balances.

Impact on customers

For end-of-day long balances up to CZK 200 million, the interest rate will increase from -0.60% to -1%.

For end-of-day balances exceeding CZK 200 million, the new rate will be -2.2% and will be applicable on the entire balance.

Customers should note that the negative interest rate on long balances may be subject to change without prior notice.

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.