Switzerland: SIX SIS amends allowed countervalue difference


Clearstream Banking1 would like to inform customers that, effective

21 November 2016

The Swiss Central Securities Depository SIX SIS will amend the allowed countervalue difference. 

Impact on customers

The allowed countervalue difference is being reduced from CHF 40 to CHF 25.

Matched instructions against payment in CHF with requested settlement date (SD) up to Friday 18 November 2016 inclusive will be matched with a allowed countervalue difference of CHF 40.

As of Monday 21 November 2016, unmatched instructions and instructions released to SIX SIS are subject to matching with a reduced allowed countervalue difference of CHF 25.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthaleralle 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.