Slovak Republic: New process for settlement of primary auctions for Government debt securities

21.02.2017

Clearstream Banking1 would like to inform customers that effective

immediately

a new process is in place for the settlement of primary auctions for Government debt securities.

Since the implementation of T2S, new rules are applicable and the settlement of primary auctions is done only via an against payment instruction in T2S, for each order. It is no longer possible to settle via free of payment instructions coupled with a separate cash payment.

Auctions on Slovak government securities are organised by the Debt and Liquidity Management Agency (ARDAL) in the name of the Ministry of Finance.

The input deadline is as shown for against payment settlement on Settlement times - Slovak Republic.

Counterparty BIC of ARDAL is APRDSKB1XXX.

Customers who want to participate in a primary auction should contact a primary dealer or their broker-dealer to place their bid.

Customers that are already primary dealers should send to Clearstream a receipt against payment instruction for each successful bid

Note: The settlement cycle for primary auctions of Slovak government bonds is T+2.

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.