Czech Republic: Negative interest rate information

11.12.2018

Clearstream Banking1 informs customers that effective 

Monday 3 December 2018

negative CZK interest will no longer be applicable on end-of-day long balances.

Interest rates on year-end long cash balances

Clearstream Banking would like to remind customers that over year-end, interest rates may be subject to unusually high volatility. As a result, negative interest rate will exceed usual levels. In line with current market practice, we reserve the right to charge negative rates on long balances based on prevailing market conditions.

Customers are asked to monitor their cash balances and ensure they remain within their normal levels. In the event that balances are in excess of normal business levels, and as a result of prevailing market conditions, we retain the right to apply an exceptional charge on these balances.

Further information

For further information, customers may contact Clearstream Banking Client Services or their 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 Frankfurt (CBF) customers with 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.