Ireland: Securities held remotely in Switzerland will be migrated to CREST

27.08.2020

Clearstream Banking1 would like to inform customers that effective

7 September 2020

it will migrate all Irish securities held remotely in Switzerland at UBS to the home market CREST.

On Friday, 4 September 2020, realignment instructions will be sent to both UBS and our Irish depository to migrate the Irish securities for settlement on value date Monday, 7 September 2020.

From Monday, 7 September 2020, it will no longer be possible to hold Irish issued securities via the Swiss market at UBS, they will have to be held in the Irish market via CREST.

Pending transactions

Please be advised that all pending transactions in Irish securities on the Swiss market not settled by end of day Friday, 4 September 2020, will be cancelled and need to be reinstructed by customers on the Irish market via CREST on Monday, 7 September 2020.

Further information

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.