Tax certification only accepted for activated customer accounts

Clearstream Banking¹ would like to inform customers that effective

immediately

customers may only submit tax certification for their activated Clearstream Banking accounts.

Impact on customers

Tax certification submitted by customers, for the purpose of obtaining relief at source, quick or standard refund and for which the customer account is not yet activated in the Clearstream Banking systems (that is, accounts with reserved status), will be rejected as described below:

• Certification submitted for a single customer account:
  
  Certification submitted by customers for a non-activated account will be rejected with immediate effect.
• Certification submitted for multiple accounts, where one or more accounts stated on the certificate are not yet activated:
  
  To allow customers sufficient time to adapt to the new requirements, Clearstream Banking will apply a grace period until 31 December 2018, during which Clearstream Banking will still accept the certification applicable for the activated accounts listed in the certificate and consequently only reject the certification for the non-activated accounts.
  
  However, for such case, the rejection of the certification for the non-activated accounts will be communicated to customers via registered post, as Clearstream Banking systems do not allow other communication means (for example, SWIFT) for non-activated accounts.
  
  Certification submitted after 1 January 2019 and completed with multiple account numbers, where one or more accounts are not yet activated, will be rejected in full.

Further information

For further information, customers may contact the Clearstream Banking Tax Help Desk or 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.