Admission of Spanish bonds to CBF's Collective Safe Custody (CSC)
23 May 2014,
the Spanish bonds listed in the attached Excel file will be accepted into collective safe custody (CSC) and will therefore be included in the direct account link between Clearstream Banking1 and the central Spanish custodian Iberclear.
The securities will be converted from safe custody type "NCSC" into "CSC" in the Securities Service System (Wertpapier Service System, WSS) on 23 May 2014.
Their inclusion in CBF's CSD link with Iberclear will also take effect on 23 May 2014.
Stock exchange transactions
Some of these Spanish bonds are listed on German stock exchanges for trading in the open market.
The SE settlement of these bonds will be effected with T+3 under the NCSC custody type up to and including closing date 22 May 2014 . Customers should ensure that sufficient holdings exist to cover these transactions in Creation up to 27 May 2014.
Transactions concluded as from 23 May 2014 onwards will be settled T+2 as CSC in CBF's CASCADE system. Customers must transfer necessary holdings to the CBF-CSD account 1870T held at Iberclear, by entering the four-digit CASCADE account number by 27 May 2014 latest, in order to settle exchange transactions on or after 23 May 2014.
To ensure successful processing of securities transactions, customers must ensure that adequate holdings are available.
You can obtain additional information from Clearstream Banking's Client Services or your Relationship Officer.
1. This customer announcement was published by Clearstream Banking AG (CBF), registered office Mergenthaleralle 61, 65760 Eschborn, Germany, registered in the Commercial Register of the District Court of Frankfurt am Main, Germany, under number HRB 7500.