Mexico, New Zealand and South Africa: Changes to the allowed countervalue difference on settlement instructions
Following Announcement A19057 about the change in allowed countervalue difference for settlement in Mexico, Clearstream Banking1 informs customers that the allowed countervalue difference for settlement will change in New Zealand and South Africa as well.
24 June 2019
the following allowed countervalue differences will apply:
Old countervalue difference
New countervalue difference
Rules in the event of a discrepancy
The seller amount will prevail
Impact on customers
The new allowed countervalue difference will apply to instructions that are received by Clearstream Banking from 24 June 2019. Pending instructions that have been matched prior to 24 June 2019 with the previous cash tolerance rule will remain matched.
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.