Poland: Interest rates on PLN year-end long balances
Clearstream Banking1 reminds customers that over year-end, Polish Zloty (PLN) interest rates may be subject to unusually high volatility. Current market movements together with indications received from Clearstream Banking’s Cash Correspondent Bank (CCB) in Poland have shown that high negative interest rates may apply.
Customers are asked to monitor their cash balances and ensure they remain within normal business levels. In the event that PLN balances are in excess of normal business levels, and as a result of prevailing market conditions, Clearstream Banking will pass on the costs incurred in the market to customers.
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.