U.S.A: Partial resumption of physical securities processing services

18.05.2020

Further to Announcements A20039, A20046 and A20053, Clearstream Banking1 informs customers that the processing of physical security services in the U.S.A. will partially resume following DTC and Citibank N.A., New York (Citi) announcements.

Effective

immediately

DTC announced that they will resume the limited processing of physical security services on Monday, May 18 2020 for previously submitted transactions and certificates. DTC will resume limited services for new physical securities transactions on Wednesday, May 20 2020. Participants are requested not to submit new transactions prior to this date, and only urgent time-sensitive transactions thereafter. They will be operating with very limited staff.

Citi, as Clearstream Banking’s custodian in the U.S.A, consequently announced that they are proceeding with a soft opening of their vaults and physical security processing services starting from Monday, 18 May 2020. Citi will open two days a week (on 18, 20, 26 and 28 May 2020) and will re-evaluate the conditions on 28 May 2020.

Impact on customers

Clearstream Banking’s physical security processing services will consequently resume but will remain limited due to market conditions. Extended processing timeframes for physical securities processing are expected.

Further information

We will continue to monitor the situation, and will inform customers when further news is received from the market.

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.