Finland: Partial settlement in Euroclear Finland

02.10.2019

Clearstream Banking1 informs customers that, effective

7 October 2019

Euroclear Finland will implement partial settlement functionality subject to point of no return being confirmed by Euroclear Finland on Saturday, 5 October 2019.

In Clearstream Banking the following principles apply regarding partial settlement:

  • Customer delivery and receipt instructions are provisioned for the full quantity and/or cash value before being released for settlement. Consequently, customer’s delivery and receipt instructions may only settle partially if their counterparty is short of securities or cash.
  • Customers that do not wish their transactions to settle partially must provide field :22F::STCO//NPAR or Partial Settlement set to “Partial not allowed” in their instruction.

Further information

For further information, customers may contact Clearstream Banking Customer Service 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.