Saudi Arabia: Announcement of new link

09.06.2021

Clearstream Banking1 informs customers that effective

14 June 2021

we will be expanding our domestic market coverage by launching our 58th link to Saudi Arabia. 

Clearstream Banking will have its own foreign nominee omnibus account opened with the local Saudi CSD, Securities Depository Center (EDAA).  The link will be indirect via The Hongkong and Shanghai Banking Corporation Limited (Saudi Arabia), acting as our custodian.

Custodian details

The Hongkong and Shanghai Banking Corporation Limited (Saudi Arabia)

HSBC Building, 2nd Floor,
7267 Olaya Al-Murooj,
Riyadh 12283-2255
Kingdom of Saudi Arabia

Depository Code: 22
SWIFT address: SABBSARI
Securities account number with HSBC: 086-014131-124

Clearstream National Investor Number (NIN): 7003896
Clearstream NIN Name: Clearstream Banking S.A.
Clearstream Investor Access Trading Portfolio (IATP) number: 6300027239

Clearstream Banking - Eligible security types

  • Listed government bonds and Sukuks; 
  • Listed corporate bonds (non-convertible);
  • Exchange Traded Funds (ETFs).

Only legal and natural persons, who are non-Saudi and non-residents of Saudi Arabia and are a customer or an underlying client of a customer of CBL can access the Saudi link and hold Saudi Arabian securities via CBL.
Customers who are already registered under the Qualified Foreign Investor (QFI) program and are holding eligible Saudi Arabian securities will be able to transfer their holdings across to their account at Clearstream and vice versa via FOP NCBO transfers.

Settlement services

Bridge transactions are not possible.

Internal settlement for Saudi Arabian securities is allowed in Clearstream subject to the following conditions:

  • Customers must include the deal price (clean price) in each internal instruction (field 90a::DEAL). Failure to include the deal price in the Customer’s settlement instruction may result in Clearstream’s rejection of the instruction. Internal free of payment and against payment settlement is accepted in all eligible settlement currencies.

Settlement deadlines

Settlement times in Central European Time (CET)

28 March 2021 - 30 October 2021

Instruction

Provisioning

Deadline for receipt of valid instruction

Expected settlement results

start

end

from

to

Value

AP=Against payment FOP=Free of payment SD=Settlement date rtp=Real-time processing

All eligible instrument types

Receipts

FOP

16:00
SD-1

17:00
SD-1

17:00
SD-1

14:00

SD

18:00 SD

 

AP

16:00
SD-1

17:00
SD-1

17:00
SD-1

14:00

SD

18:00 SD

SD

Deliveries

FOPa

16:00
SD-1

17:00
SD-1

17:00
SD-1

14:00

SD

18:00 SD

 

AP

16:00
SD-1

17:00
SD-1

17:00
SD-1

14:00

SD

18:00 SD

SD

31 October 2021 - 26 March 2022

Instruction

Provisioning

Deadline for receipt of valid instruction

Expected settlement results

start

end

from

to

Value

AP=Against payment FOP=Free of payment SD=Settlement date rtp=Real-time processing

All eligible instrument types

Receipts

FOP

15:00
SD-1

16:00
SD-1

16:00
SD-1

13:00

SD

17:00 SD

 

AP

15:00
SD-1

16:00
SD-1

16:00
SD-1

13:00

SD

17:00 SD

SD

Deliveries

FOPa

15:00
SD-1

16:00
SD-1

16:00
SD-1

13:00

SD

17:00 SD

 

AP

15:00
SD-1

16:00
SD-1

16:00
SD-1

13:00

SD

17:00 SD

SD

a. Free of payment transactions with change of beneficial owner are not permitted.

Settlement times in Arabic Standard Time (AST)

All year

Instruction

Provisioning

Deadline for receipt of valid instruction

Expected settlement results

start

end

from

to

Value

AP=Against payment FOP=Free of payment SD=Settlement date

All eligible instrument types

Receipts

FOP

17:00
SD-1

18:00
SD-1

18:00
SD-1

15:00

SD

19:00 SD

 

AP

17:00
SD-1

18:00
SD-1

18:00
SD-1

15:00

SD

19:00 SD

SD

Deliveries

FOPa

17:00
SD-1

18:00
SD-1

18:00
SD-1

15:00

SD

19:00 SD

 

AP

17:00
SD-1

18:00
SD-1

18:00
SD-1

15:00

SD

19:00 SD

SD

a. Free of payment transactions with change of beneficial owner are not permitted.

Further information

The Market Link Guide - Saudi Arabia will be available on our website on the effective date.

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.