Clearstream introduces negative interest rate on positive Euro balances - Revision

10.04.2015

Note: This Announcement, originally published on 25 February 2015, is now updated to include information regarding how negative interest payments will be processed in customer accounts. Changes are highlighted.

Effective

2 March 2015

customers with positive EUR balances will be subject to a negative interest rate equal to the “Deposit Facility Rate” set by the European Central Bank until further notice.

Customers are debited fees on the 15th of each month. For the negative interest rate payment they will see two cash transactions:

  • A deduction for the negative interest rate; and
  • The reimbursement of the deducted amount below the threshold of
    EUR 7,500,000

Clearstream Banking1 advises customers that the negative interest rate will depend on the size of the EUR balances held on their accounts with Clearstream Banking.

Balance (EUR)Interest Rate
0.00 to 7,500,000.000.00% p.a.
Over 7,500,000.00-0.20% p.a.

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.