Belgium: EU Issuance Service (EIS) – One-Time Certificate for relief at source process repealed

Clearstream¹ informs clients that following a system enhancement, the process described in Announcement C24003 is no longer applicable.

Effective

immediately

the One-Time Certificate for EIS/EU Debt Securities integrated into the X/N system of the National Bank of Belgium (NBB) is no longer required to settle EIS/EU debt securities.

Impact on clients

Clearstream clients’ accounts are no longer blocked for settlement of EU/EIS debt securities.

However, the restriction still exists for Belgian debt securities held in the National Bank of Belgium (NBB) for which the specific One-Time Certificate for Belgian Debt Securities integrated in the NBB X/N System remains mandatory. Clients should refer to Market Taxation Guide – Belgium for more information.

Further information

For further information, please contact Clearstream Client Services or your Relationship Officer.

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1.  Clearstream 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 Europe AG, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.