U.S. Ukraine- and Russia-related sanctions

Clearstream Banking¹ refers to  Ukraine -/Russia-related Designations and Identification and the Issuance of Ukraine- and Russia-related General Licenses 12, 12A, 13, 13A, 13B and 14 of the United States Department of the Treasury.

Customers are advised that Clearstream Banking will accept and process settlement instructions until 3 August 2018 18:00 CET for securities issued by entities covered by OFAC's General License 13B. Instructions will not be accepted if they are made after this deadline, or if they have an intended settlement date after 3 August 2018.

Customers are advised that the Bridge between Clearstream Banking S.A. and Euroclear Bank SA/NV will be closed thereafter.

When instructing the receipt of any of the affected securities, customers must add the following representation into the narrative of their instruction:  “We represent that we have verified the identity of the ultimate recipient of the quantity of securities covered by this instruction and that it is neither a U.S. person nor any person who is, or who is equivalent to, a Specially Designated National by the United States Department of the Treasury.” 

For domestic market settlement, the customer delivering securities to the domestic market must either provide the same representation or represent that the instruction relates to an on-exchange transaction.

Please note that, effective 6 August 2018, pending instructions in the impacted securities will be cancelled and any positions that remain on customer accounts will be blocked.

Income and Corporate Events

With respect to expected forthcoming income events that arise between now and 22 October 2018, Clearstream Banking intends to apply the provisions of General Licenses 12A and 14.

With respect to the termination notices issued in respect of the above securities, Clearstream Banking is in contact with the depository banks and will forward, to holders, any communication relating to potential extensions in the deadline for cancellations that may be under consideration in light of General License 13B.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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1. Clearstream Banking refers 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.