Italy: Certain ISINs temporarily blocked for settlement and trading in T2S - update VII

17.01.2017

Further to our Marketflash M16015 dated 28 November 2016, Clearstream Banking wishes to inform its customers that, effective

immediately

Monte Titoli has confirmed the lifting of the block for trading and settlement, that was set on 23 November 2015 for the following Banca delle Marche ISINs: IT0004743735; IT0004743727; IT0004744725; IT0003972996; IT0004939226; IT0001063707.

As a result, for the impacted ISINs, portfolio transfer will be possible through free of payment (FOP) transactions when there is no change of beneficial owner. The below list of securities temporarily blocked by Monte Titoli has been updated accordingly.

The following securities remain temporarily blocked for trading and settlement (including any pending trades).

Under the Decree Law with urgent provisions for the financial sector in force from 23 November 2015, issued in the Official Gazette no.183 of 23 November 2015, some rescue measures have been defined for the below listed companies and further assessments are being carried out to verify additional actions to be taken into consideration.

Monte Titoli have temporarily blocked the below securities on the 23 November 2015.

Impact on customers

No trading or settlement activity is allowed on the relevant below securities except on portfolio transfers with no change of beneficial ownership for a.m. security codes flagged with "Yes" under column "Transferred Allowed NCBO only".

Customers are required, in addition to duly identifying the settlement transaction as no change of beneficial ownership (NCBO), to send a free format message via authenticated means to the Settlement department Services Frankfurt (Unit OEU-Europe Continental) advising of the transaction and confirmation of the nature of the transfer.

List of securities temporarily blocked by Monte Titoli:

ISIN

Issuer

Transferred Allowed NCBO only

IT0004291891

Cassa di Risparmio di Ferrara

Yes

IT0004657786

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004539786

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004350515

Banca Popolare dell'Etruria e del Lazio

Yes

IT0005031395

Banca Popolare dell'Etruria e del Lazio

Yes

XS0302580880

BANCA DELLE MARCHE 07-2017

Yes

XS0257293828

Banca delle Marche

No

IT0004919327

Ordinary shares Banca Popolare dell’Etruria e del Lazio

Yes

IT0001002499

Ordinary shares Cassa di Risparmio di Ferrara

No

IT0004743735

Banca delle Marche

Yes

IT0004743727

Banca delle Marche

Yes

IT0004744725

Banca delle Marche

Yes

IT0003972996

Banca delle Marche

Yes

IT0004939226

Banca delle Marche

Yes

IT0004064538

Cassa di Risparmio di Ferrara

No

IT0004119605

Cassa di Risparmio di Ferrara

No

IT0004659477

Cassa di Risparmio della Provincia di Chieti

No

IT0004659717

Cassa di Risparmio della Provincia di Chieti

No

IT0004659725

Cassa di Risparmio della Provincia di Chieti

No

IT0004931405

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004119407

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004966856

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004281504

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004092729

Banca Popolare dell'Etruria e del Lazio

Yes

IT0004369580

Banca Popolare dell'Etruria e del Lazio

Yes

IT0001063707 Banca delle MarcheYes

We continue to monitor the situation in the Italian market and will provide further information as it becomes available.

This Marketflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Marketflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Marketflash does not constitute legal or tax advice.