Denmark: DKK credit balances no longer subject to negative interest rates

Effective

25 April 2014

customers holding credit balances in Danish Kroner (DKK) in Clearstream Banking¹ will no longer be subject to the 0.25% annual penalty rate in force since 22 October 2012.

As a consequence of recent changes in Danish market conditions and the Danish Central Bank’s recent decision to raise the certificate of deposit rate out of negative territory, we will cease to charge negative interest for our customers’ DKK credit balances.

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 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 (CBF) and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).