Iceland: Change of depository – Preliminary information

Note: This Announcement, originally published on 6 March 2015, has been updated to correct the effective date and participant code.

Effective

23 March 2015

LuxCSD S.A. will become Clearstream Banking’s¹ depository for the Icelandic market.

New depository details

LuxCSD S.A.
42 Avenue J.F. Kennedy
1855 Luxembourg
Grand Duchy of Luxembourg

Depository code: 1I
BIC address: LUXCLULLXXX

Impact on customers

The change of depository will be in place at close of business on Friday, 20 March 2015.

Customers are therefore recommended to provide their settlement instructions with requested settlement date on/after 23 March 2015 after 20:30 on Friday, 20 March 2015.

New procedures for domestic counterparties

For instructions with a requested settlement date on or after 23 March 2015, customers must advise their counterparties to use the following new standard settlement instructions:

Instruction specifications

Instruction specifications for Creation via SWIFT, CreationDirect and CreationOnline remain unchanged.

Settlement timings

Settlement deadlines remain unchanged.

Disclosure Requirements

Disclosure requirements remain unchanged, and we take this opportunity to remind customers that they are only admitted to participate in the services offered on the Icelandic market if they deliver, upon request by Clearstream, all or part of customer information such as information related to their customers and their customers' holding including, but not limited to:

• The identity of the ultimate beneficial owner of financial instruments held in a nominee accounts;
• The holdings of financial instruments and/or voting rights of these ultimate beneficial owners.

For details on the disclosure requirements, Customers are invited to refer to Disclosure Requirements - Iceland.

Further information

Customer guidelines for the cutover will be published in due course. An updated Creation Link Guide (Iceland) will be available on our website on the effective date to reflect the changes.

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.