Russia: RUB no longer accepted for custody proceeds
Clearstream Banking1 informs customers that effective
immediately
any incoming RUB proceeds derived from income and or corporate actions are no longer accepted.
Clearstream has informed its network of providers accordingly.
Customers are reminded to either transfer their remaining RUB cash balance to their own cash correspondent bank or to make appropriate foreign exchange arrangements to withdraw RUB balances no later than PD+1.
Clearstream Banking reminds customers of the requirement to comply and to ensure compliance by any of the customer’s underlying clients, with any applicable sanctions, including but not limited to those of the European Union, the United Nations, the United States or the United Kingdom.
Further information
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 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.