T2S wave 4: Amended deadlines for CSC admission requests with value dates between 2 and 7 February 2017

25.01.2017

For the purpose of risk mitigation shortly before and during the T2S Migration activities, Clearstream Banking1 would like to inform its customers about the amended deadlines for the submission of requests for the admission of securities to collective safe custody (CSC) via Electronic Documentation Transmission (EDT) services and/or in the form of physical deliveries (Securities Counter and EDT Lean Service):

EDT services (except EDT Lean)

CBF customers using specific EDT Services (EDT Classic, EDT Premium, EDT Security Box, EDT Security Box with AutoAdmission, EDT Trades Only) are kindly requested not to transmit EDT uploads via the internet-based EDT portal or by means of host-to-host file transfer to CBF between

Friday, 3 February 2017, 10:00 (CET) and
Monday, 6 February 2017, 14:00 (CET)

In cases where customers, on justified grounds and as an exception, intend to submit instructions on Friday or on Monday inside the aforementioned time window, the volumes in question need to be announced to CBF New Issues (EDTadmissions@clearstream.com) at the latest by 1 February 2017.

CBF cannot guarantee that any unannounced instructions will be processedon the intended value date if these are submitted within the described ‘frozen zone’.

Please take note of the exceptionally amended deadlines for value dates of instructions with regard to specific EDT services shortly before and after the T2S wave 4 migration:

Value date

 

Delivery deadline

Settlement date
(SET DATE in CASCADE instruction)

VD 2 February 2017

 

31 January 2017
(deadline VD-2)

2 February 2017

VD 3 February 2017   

 

1 February 2017
(deadline VD-2)

3 February 2017

VD 6 February 2017    

 

2 February. 2017 
(deadline: VD-2)

6 February 2017

VD 7 February 2017

 

3 February 2017
(deadline VD-2),

10:00 (CET)

7 February 2017

CSC admission of physical securities (CBF Securities Counter or EDT Lean)

CSC admission processing of physical global notes to be held with CBF as Issuer CSD will be available on Friday, 3 February 2017 until 16:00 (CET) and on Monday, 6 February 2017 after 14:00 (CET). CBF customers, however, are kindly asked to deliver their CSC admission requests for physical securities as early as possible and should indicate the respective value date as ‘settlement date’ in their relevant CASCADE instructions.

CBF customers wishing to deliver 10 or more CSC admission requests for one issuer with the following intended value dates are requested to submit such admissions requests by

Value date (VD)

 

Delivery deadline

Settlement date

(SET DATE in CASCADE instruction)

VD 3 February 2017

 

1 February 2017
(deadline VD-2)

 

3 February 2017

VD 6 February 2017 or

VD 7 February 2017

2 February 2017
(deadline: VD-2 or VD-3)

6 February 2017 or 7 February 2017

CBF will not guarantee CSC admission on the intended value date for deliveries of 10 or more issues of one issuer delivered by the CBF customer, acting as issuing agent, after the aforementioned deadlines.

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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.