Japan: Reminder - Renewal of Application Form for Withholding Tax Exemption

14.12.2020

Clearstream Banking1 would like to inform customers that further to Announcements A15226 and A16031, customers holding Japanese Government Bonds (JGBs), Japanese Corporate and Municipal Bonds and Discount Bonds having the previous version of the Application Form for Withholding Tax Exemption on Japanese Government Bonds (JGBs), Japanese Corporate and Municipal Bonds and Discount Bonds in place (submitted before 1 January 2016) must ensure that the renewal of the Application Form is performed in due course, before the expiry date (31 December 2020).

In Announcements A20001, A20033, A20087, A20128, Clearstream Banking reminded all customers whose Application Form for Withholding Tax Exemption has an expiry date of 31 December 2020, that they must provide a renewed form before the expiry otherwise it will not be possible to hold or trade these bonds after 31 December 2020.

Impact on customers

If the above documentation is not in place before the expiry date of the form, customers will not be able to hold, trade JGBs, Japanese Corporate and Municipal Bonds and Discount Bonds through Clearstream Banking.

Existing customers who currently hold these bonds in their accounts, will need to move the bonds out of their accounts.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk or 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.