French registered securities: Important operational note for the LBS season
Clearstream Banking1 would like to remind its customers that the Loyalty Bonus Share season 2019 for French registered securities will start in early November.
With the new service offering implemented in June 2019, Clearstream Banking would like to remind the importance of complying with Clearstream Banking recommendations when instructing the registration details in the corporate action instruction.
Note: Failing to comply with this recommendation may lead to the rejection of instructions and delay Clearstream Banking from generating the Bordereau de Reference Nominative (BRN) on the market. A delay may result in penalty fees being levied from the market that will be temporarily absorbed by Clearstream Banking.
The service description and the format to instruct registration details are available in the Market Link Guide - France, under Settlement services French registered securities and Asset servicing French registered securities.
1. Clearstream Banking refers 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.