Clearstream introduces negative interest rate on positive HUF balances

21.08.2019

Effective

1 September 2019

Clearstream Banking1 will apply negative interest to customer’s end-of-day account balances in Hungarian Forint (HUF) due to prevailing market conditions.

Impact on customers

Balance (HUF)

Interest rate (%)

> 0

-1.5%

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 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.