New Global Note and New Safekeeping Structure

15.01.2024

Issuers can choose between different legal and holding structures for international debt securities:

  • New Global Note (NGN) issued in global bearer form through Clearstream Banking (Luxembourg) and Euroclear Bank.
  • New Safekeeping Structure (NSS) issued in global registered form through Clearstream Banking (Luxembourg) and Euroclear Bank.

In both structures, securities are safekept by a Common Safekeeper (CSK) and serviced by a Common Service Provider (CSP) and co-exist with the Classical Global Note (CGN).