Greece: Suspension of receipt free of payment transactions for BOGS eligible securities
Reference
Our Greek depository, Citibank Athens, has confirmed that the settlement of receipt free of payment transaction for BOGS eligible securities is no longer allowed until further notice.
Impact on customers
Clearstream Banking1 customers are advised that the settlement of receipt free of payment transactions for BOGS eligible securities is no longer allowed until further notice. Transactions that are already transmitted to T2S/BOGS will remain matched but put on hold.
The settlement of delivery free of payment transactions for BOGS and HCSD eligible securities continue as well as the settlement of receipt free of payment for HCSD eligible securities.
Settlement of internal and Bridge transactions are not impacted.
The following transactions are possible:
Internal | against and free of payment |
Bridge | against and free of payment for BOGS-eligible securities |
Domestic | free of payment (deliveries and receipts) HCSD eligible securities free of payment (deliveries) BOGS eligible securities |
Further information
We will continue to monitor the situation.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively 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, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.