Settlement of fees in December 2020

27.11.2020

Clearstream Banking AG, Frankfurt1 reminds customers that from now on settlement of fees will be collected via the TARGET2-Securities (T2S) settlement platform using PFoD instructions (Payment Free of Delivery). This procedure has been introduced with CBF November Release 2020.

As a result, PFoD instructions will be transmitted by CBF to T2S requiring the cash settlement on T2S Dedicated Cash Accounts (DCAs) for the following services for the first time:

  • On Tuesday, 1 December 2020: Broker commissions from securities settlement from BrainTrade
  • On Tuesday, 15 December 2020: CBF fees

The settlement results will be available via the standard T2S and CBF reporting.

CBF recommends checking the liquidity transfers / standing orders with the central bank so that sufficient liquidity is available for settlement in Euro on the respective settlement days during the night-time processing (NTS).

Further information

For further information, customers may contact Clearstream Banking1 Client Services or their Relationship Officer.

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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthaleralle 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.