Spain and Portugal: OneClearstream migration to Spain (Iberclear) and Portugal (Interbolsa) - Customer impacts - Update

12.10.2020

Note: The PDF attached to this announcement, originally published on 22 September 2020, has been updated to add the new instruction format for ancillary transactions.

Following Clearstream Banking's1 Announcement C20022, Clearstream Banking S.A. (CBL) has appointed Clearstream Banking AG (CBF) as its single gateway to the T2S Settlement platform. This leads to the migration of Iberclear and Interbolsa T2S-eligible securities to CBF on and effective

30 November (Spain) and 14 December 2020 (Portugal)

This forms part of our ongoing efforts to harmonise and enhance our services allowing customers to benefit across multiple areas of our business.

Clearstream Banking will access Iberclear and Interbolsa for settlement in T2S via CBF as follows:

Country

CSD

Type of link

Eligible securities

Spain

Iberclear

Direct link to Clearstream Banking AG, Frankfurt for holding Iberclear eligible securities.

Public debt securities, listed equities including regional equities, listed warrants, exchange traded funds.

Portugal

Interbolsa

Direct link to Clearstream Banking AG, Frankfurt for holding Interbolsa eligible securities.

Government bonds, corporate bonds, listed equities, warrants.


Further information

The Market Link Guide and Realignment Guide for Spain and Portugal, with validity from 2 December 2020 (Spain) and 14 December 2020 (Portugal) will shortly be available on the website. Please refer to the attached PDF, which provides relevant details.

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, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.