Romania: Equities will be linked to the network
Clearstream Banking1 would like to inform customers that effective
1 July 2020
Romanian equities denominated in the local currency Romanian Leu (RON) will become eligible for settlement and safekeeping through the Clearstream Banking system. BRD - Group Société Générale will act as a local depository for Clearstream Banking and will connect with the Depozitarul Central (CSD).
Romanian government bonds, municipal, and corporate bonds are already eligible in Clearstream Banking.
Impact on customers
Equities will follow the same settlement deadlines as corporate bonds, as detailed in the Market Link Guide - Romania.
Income on the equities is taxable. The tax service description will be published in a separate announcement.
Customers will be able to use the following services:
- Internal free of payment and against payment settlement in all settlement eligible currencies, including the Romanian Leu (RON).
- External free of payment and against payment settlement in Romanian Leu (RON).
- Custody and cash reconciliation.
- Asset servicing.
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.