Israel: Segregation of assets at the CSD in segregated account opened via Citibank N.A., Tel Aviv Branch


Clearstream Banking1 would like to inform customers that effective

14 March 2022

assets currently custodised with it in Israel will be segregated from the assets of the custodian’s (Citibank N.A., Israel Branch) other customers. This segregation will be achieved through a segregated account that Citibank N.A., Israel Branch has opened on behalf of Clearstream Banking at the Tel Aviv Stock Exchange Clearing House (TASECH). As a result of this account segregation at CSD level, Clearstream Banking will be able to provide enhanced asset protection of its Israel link.

Impact on customers

There will be no operational impact on customers as the Standard Settlement Instructions (SSIs) currently used will remain unchanged. However, customers should take note that their counterparties may need to update their static data and quote the new TASECH account number 1020 in order to ensure the timely settlement of their trades going forward. Customers should confirm with their Israel custodian (no change for Citibank N.A. Israel custody clients).

No further actions will be required as a result of this enhancement.

Further information

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

1. Clearstream Banking 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 Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.