Argentina: Market status update

Clearstream Banking¹ advises customers that it will shortly finalise the opening of a direct account at the Argentinian Central Securities Depository, Caja de Valores S.A. (“CVSA”).

Clearstream Banking will transfer all securities from Clearstream Banking’s account at Citibank N.A., Buenos Aires, to Clearstream Banking’s new direct account at CVSA on 17 or 18 June 2015. An announcement confirming the effective date of the transfer will follow shortly.

Changes to Clearstream’s setup

Clearstream Banking’s new account at CVSA will be opened in the name of, and operated by, Clearstream Banking. Clearstream Banking will become a direct participant of CVSA, acting as “depositante”, and will be recognised under Argentinian law as the legal owner of any deposited securities at CVSA.

Cash services for Argentine Pesos will continue to be provided by Citibank N.A., Buenos Aires and the account number remains unchanged.

Customers may wish to seek legal advice to understand the impact on them of the transfer of assets to Clearstream Banking’s new direct account at CVSA.

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 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.