Announcement

UK: Year-end changes to cash deadlines and bank levy

Liquidity Solutions | United Kingdom

Reference

Code
A25092
Service level
CBL | 6-series account
Last Updated
15.12.2025
This page contains Governing Information.

Clearstream1 informs clients that on

Wednesday, 31 December 2025

The deadline for cash pre-advices and withdrawals of funds will be moved from 18:00 CET to 16:00 CET on value date.

Any charges to Clearstream arising from a GBP long balance held on cash accounts at Clearstream’s UK cash correspondent banks at the end of Wednesday, 31 December 2025 will be passed on to the Clearstream client, if such long balance is due to client instructions not having respected the instruction deadlines.

Clients receiving non-pre-advised funds or leaving long balances in GBP on their account with Clearstream on 31 December 2025 may be charged a fee of up to 0.10% or equivalent to the bank levy rate applied.

There is no change to the Clearstream deadline for against payment transactions in GBP in the UK and Irish markets.

Impact on clients

On Wednesday, 31 December 2025:

  • The Clearstream deadline for cash pre-advices and payment instructions in GBP will be 16:00 CET on value date.
  • Non-pre-advised funds may be subject to a charge of up to 0.10% or equivalent to the bank levy rate applied.
  • GBP long cash balances held on client accounts at close of business on 31 December 2025 may be subject to a pro-rata charge up to 0.10% or equivalent to the bank levy rate applied.

Clients are encouraged to closely manage their GBP balances on Wednesday, 31 December 2025.

Background on UK bank levy

The UK bank levy is an annual charge that was introduced in 2010, effective 1 January 2011, on certain equity and liabilities (termed “chargeable equity and liabilities”) to apply to UK banks and building society groups, foreign banks and banking groups operating in the UK and UK banks in non-banking groups.

The levy is an annual balance sheet charge based on the equity and liabilities reported on the relevant balance sheets at the end of a period of account of the entity or, in the case of a group, of the parent entity.

Further information

More specific information is available at http://www.hmrc.gov.uk/.

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

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1. Clearstream refers collectively to 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, and Clearstream Europe AG (for Clearstream Europe AG clients using 6-series accounts), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
Clearstream Banking S.A. is registered as an Australian CS (Overseas) Facility, under subsection 824B(2) of the Corporations Act 2001, with registration number ARBN 675 244 783.