Securities Lending: Automation of Billing Process impacting the ASLplus borrowers

18.10.2021

As part of our continuous effort to improve our securities lending services, Clearstream Banking informs customers that use the ASLplus securities lending programme as borrowers that the ASLplus billing process will be automated, effective

1 November 2021

it will include the automatic computation, booking and the provision of a regulatory invoice of ASLplus billing figures.

The main benefits of this approach will be to ensure STP processing and guarantee accurate handling and proof of billing data.

This will reduce operational impacts and ensure a common approach for all Clearstream products.

From 1 November 2021, the ASLplus borrowing fees will be part of the monthly invoice provided to customers.

  • Invoice will be generated on the account that has been defined in the relevant ASLplus documentation.
  • ASLplus borrowing fees will be provided under Invoice code CB06000011010.

Please refer to section 6.1.2.2 of Fee Schedule for more details.

Details of ASLplus borrowing fees are still available on Securities Lending and Borrowing Commissions (SLBC) Report made available to customers.

Please refer to the CBL Securities Lending Programmes - Reporting Guide.

Invoicing of fees is carried out monthly: customers are notified at the beginning of the month following the invoice period via an invoice of the total amount of fees payable.

Customers' accounts will be debited on the 15th day of the month or on the next possible business day if the 15th falls on a weekend or on a day that the TARGET payment system is closed for business.

The Clearstream Billing Portal provides easy online access to customer invoices via our website, www.clearstream.com under Applications/Billing Portal.

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.