Ireland: Change of issuer CSD for Irish corporate securities
Clearstream Banking1 would like to inform customers that effective
15 March 2021
Euroclear Bank is scheduled to become the issuer CSD for Irish corporate securities (equities, corporate bonds and domestic ETFs) and replace Euroclear UK and Ireland (EUI).
Impact on customers
Clearstream Banking currently holds Irish corporate securities in EUI’s CREST system via Citibank NA London branch as its custodian. The impacts of the change of issuer CSD on Clearstream Banking’s current link are being analysed with the aim of maintaining an efficient link, comprehensive settlement and asset servicing offering for customers. In future, this will also include preserving settlement against payment in EUR and the Irish Qualified Intermediary (QI) tax relief service.
Customers will be provided with further details in due course.
For further information, please contact the Clearstream Banking Client Services or your 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.