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


MXN 200

MXN 50

The seller amount will prevail

New Zealand


NZD 50

South Africa

ZAR 50

ZAR 350

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.

Further information

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.