Saudi Arabia: Saudi Riyal (SAR) becomes an eligible currency for foreign exchange services
Further to Announcement A21067, Clearstream Banking1 informs customers that effective
Saudi Riyal (SAR) is no longer a restricted currency on its platform and has become an eligible currency for the automatic foreign exchange (FX) service, on a case-by-case basis, and FX services for securities settlement instructions.
Impact on customers
Customers will be able to send buy and sell FX instructions in SAR without any restrictions. If customers would like to instruct a foreign exchange transaction, then they must instruct in accordance with the CBL Customer Handbook.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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.