Portugal: Mandatory certification requirements for securitisation bonds – Reminder
Clearstream Banking1 reminds clients holding Portuguese securitisation bonds that their account must be certified with a duly completed and signed one-time certificate.
Following the information provided in Announcement A088 dated 15 July 2004, in order to hold Portuguese securitisation bonds through Clearstream Banking, clients must comply with certain holding restrictions and certification requirements.
The duly completed and signed one-time certificate must be provided to Clearstream Banking prior to the record date of the first income payment. As a result of the certification, no withholding tax is deducted from income payments.
Clients that do not provide the required certification cannot hold Portuguese securitisation bonds through Clearstream Banking.
To ease the process of certification, the one-time certificate for securitisation bonds is now available under Tax forms to use – Portugal – CBL.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and 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.