Trading platforms: BrokerTec Greek Cash and Repo Markets will settle in the ICSDs

Effective

Monday 10 August 2015

and further to information received from BrokerTec, designated securities of the BrokerTec Greek Cash and Repo Markets will move from domestic settlement in Greece via the Bank of Greece to settlement in the International Central Securities Depositories (ICSDs, Clearstream and Euroclear).

Impact on customers

For customers who have already given a Clearstream Banking¹ Power of Attorney (PoA) to BrokerTec, settlement of the BrokerTec Greek Cash and Repo Markets will take place in their Clearstream Banking account. No further action is required.

If no PoA is in place, and customers wish to benefit from this service, they are invited to contact their Relationship Manager.

The PDF attached below provides a description of Clearstream Banking’s PoA service, including a full list of related trading platforms and CCPs. It is only accessible if you are logged in as a “Premium User”.

Further information

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.