Spain and Portugal: Enhanced securities scope in CBF’s link to Iberclear and new link to Interbolsa
As a next milestone in implementing our enhanced Investor-CSD solution, effective
27 November 2020 (Spain) and 11 December 2020 (Portugal)
Clearstream Banking AG1 is pleased to announce the upgrade of CBF’s link to Iberclear, resulting in the eligibility of all Spanish securities for Settlement in T2S and the activation of direct access to the Portuguese market (Interbolsa) and the eligibility of Interbolsa issued securities for settlement in T2S.
CBF will access Iberclear and Interbolsa for settlement in T2S as follows:
Type of link
Service activation/migration date
Direct link to Iberclear
Public debt securities, listed equities including regional equities, listed warrants, exchange traded funds.
Friday, 27 November 2020
Direct link to Interbolsa
Government bonds, corporate bonds, listed equities, warrants.
Friday, 11 December 2020
Important note: The settlement of Portuguese taxable bonds will require customers to provide a Tax Identification Number (TIN) in the settlement instructions to allow CBF to report tax to the Portuguese tax authorities in CBF’s new role as Tax Agent. Further operational details will be published in due course.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer. Further details on the OneClearstream service activation will be available in due course.
1. This announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.