Romania: Improved settlement deadlines for municipal bonds

29.05.2015

Clearstream Banking1 advises customers that, with effect from

15 June 2015

deadlines for domestic instructions related to the Romanian municipal bond market will be improved.

The improved deadlines are part of Clearstream Banking’s ongoing commitment to enhance its settlement services, following its recent announcement that it would add municipal bonds to its services in the Romanian market (Announcement A15088, dated 24 April 2015).

Enhanced securities deadlines

Current deadline

New deadline from
15 June 2015

Municipal bonds – Depozitarul Central S.A. (CSD) via RoClear System

Receipt and delivery free of payment

09:55 SD

14:55 SD

Receipt and delivery against payment

09:55 SD-1

15:55 SD-1

Note: All times are Central European Time (CET). The deadlines shown above are valid provided that the customer's instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market. Customers must also ensure that any necessary provision is available. If any of these criteria are not met, Clearstream Banking cannot guarantee timely settlement.

Further information

The Creation Link Guide (Romania) will be updated in due course.

For further information, please contact Clearstream Banking Client Services or your 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.