Haircuts on collateral value of securities


Clearstream Banking1 informs customers that from

18 November 2019

the introduction of the European Central Bank Floor-rule will cause changes to the collateral haircuts of customers.

The haircut of the European Central Bank is one floor used by Clearstream Banking to assign a haircut to securities being flagged as collateral. Clearstream Banking’s haircuts are already largely compliant with this rule but in some cases collateral haircuts may be increased.  

Further information

For further information, customers may contact Clearstream Banking Customer Service 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.