U.S. Ukraine- and Russia-related sanctions update General License 13F of the U.S. Department of the Treasury

24.10.2018

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.

Common Code

ISIN code

Security name

170465199

US29355E2081

GDR EN GROUP PLC REGS  REG 1DR/1SH

48090656

JE00B5BCW814

UNITED COMPANY RUSAL PLC

025546946

RU0008960828

SHS JSC IRKUTSKENERGO ORD REG

153392129

XS1533921299

USD 5,125 RUSAL CAPITAL DAC (REGS) 17-2022

157796496

XS1577964965

USD 5,30 RUSAL CAPITAL DAC (REGS) 17-2023

175946896

XS1759468967

USD 4,85 RUSAL CAPITAL DAC (REGS) 18-2023

111731276

US781764AA33

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.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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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.