Oman: Clearstream adds Omani Rial to currency list and appoints Standard Chartered Bank, Oman as Cash Correspondent Bank

Effective value date

23 March 2015

the Omani Rial (OMR) will become an eligible settlement currency for the first time at Clearstream Banking¹. Standard Chartered Bank, Oman (SCB Oman) will become Clearstream’s cash correspondent bank (CCB) for OMR.

Impact on customers

All payments from value date 23 March 2015 must be made to the following account:

Cash instruction deadlines

The applicable deadlines with SCB Oman will be as follows:

Note: All times are Central European Time (CET).

Rejection and re-sending of instructions

Any instructions sent to SCB Oman before 23 March 2015 will be automatically rejected by Clearstream Banking and customers will be required to re-send the initially rejected instructions to SCB Oman respectively from 23 March 2015.

Unless otherwise indicated, the deadlines will be valid upon implementation on 23 March 2015, provided that customer instructions are complete, accurate and eligible for straight-through processing (STP). Customers must also ensure necessary cash provision. If these criteria are not met, timely settlement cannot be guaranteed.

Further information

The cash correspondent details relating to the OMR will be updated in the relevant documentation on the effective date.

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, and 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.