U.S. Ukraine- and Russia-related sanctions update General License 13F of the U.S. Department of the Treasury
Clearstream Banking1 refers to its previous Announcement D18061 concerning Ukraine-/Russia-related Designations and Identification and the Issuance of Ukraine- and Russia-related General License 13F of the United States Department of the Treasury published on 19 October 2018 (Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in Certain Blocked Persons).
Clearstream customers are advised that Clearstream will only accept and process settlement instructions until 16:00 CET on 11 December 2018 for securities issued by entities covered by OFAC General License 13F.
GDR EN GROUP PLC REGS REG 1DR/1SH
UNITED COMPANY RUSAL PLC
SHS JSC IRKUTSKENERGO ORD REG
USD 5,125 RUSAL CAPITAL DAC (REGS) 17-2022
USD 5,30 RUSAL CAPITAL DAC (REGS) 17-2023
USD 4,85 RUSAL CAPITAL DAC (REGS) 18-2023
USD 5,125 RUSAL CAPITAL DAC (144A) 17-2022
Please instruct as early as possible, so that your settlement instructions can be processed and settled in good time.
No settlement instructions will be accepted if they are made after 16:00 on 11 December, and/or if they have an intended settlement date later than 11 December 2018. This includes Bridge instructions.
Please also note that, effective 12 December 2018, pending instructions in the impacted securities will be cancelled.
Any positions which remain on customers` accounts will be blocked from 12 December 2018, and all subsequent instructions will be rejected.
Instructions to receive or deliver affected securities until 11 December 2018
When instructing the receipt of any of affected securities, customers must add the following new representation into the narrative field of their instruction (for example MT540/MT541):
“We represent: this instruction is covered by OFAC General License 13F; is necessary to transfer or divest the securities to a non-U.S. person; no SDN is involved; the ultimate recipient of the securities is neither a U.S. person nor an SDN or SDN equivalent.”
For domestic market settlement, the customer delivering securities to the domestic market must either provide the same representation, or alternatively, represent that the instruction relates to an on-exchange transaction.
Note: If for some reason it is not possible to add the representation to the narrative field of the instruction, we require a separate authorised communication which must provide the Transaction Reference(s) to allow reconciliation of the representation back to each instruction.
Income and Corporate Events
In respect of expected forthcoming corporate or income events that arise between now and 11 December 2018, Clearstream Banking intends to apply the provisions of General Licenses 14B and 16B.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers to 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.