Romania: DVP settlement in RON possible for EUR-denominated securities




the National Bank of Romania has modified the functionalities of its Depository and Settlement System together with the SaFIR System Rules.

As a consequence, against payment (DVP) trades in the secondary market for Romanian government bonds denominated in EUR can settle in EUR and be paid in Romanian New Leu (RON) with immediate effect, provided that the counterparties to the trade have so agreed.

Note: The same deadlines will apply as for DVP trades in RON-denominated government bonds.

Further information

For further information, customers may contact Clearstream Banking1 Client Services or their Relationship Officer.

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 (CBF), 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 (CBL).