Australia and New Zealand: Discontinuation of the Sale and Purchase of Rights service

19.07.2019

Clearstream Banking1 informs customers that effective

2 September 2019

the Sale and Purchase of Rights and Odd Lots service via corporate actions will be discontinued for the Australia and New Zealand markets. This is due to the depository’s decision to withdraw the service in light of increased regulatory requirements relating to trading activity. 

Impact on customers

For new corporate action events created on or after 2 September 2019, the event notification of Clearstream Banking will no longer display the buy (BUYA) and/or sell (SLLE) options. Customers who still wish to buy or sell the rights in Australia or New Zealand are requested to arrange for such executions via their brokers instead.
For any ongoing applicable events created before 2 September 2019, customer instructions received for events announced prior to the 2 September 2019 deadline will still be processed even if the deadline provided in the event notification is after this date.

Further information

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 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 AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.