Greece: Certification of genuine trade related transaction in BOGS – update

Further to our announcements A15164, dated 7 August 2015 and A15197, dated 14 October 2015 Clearstream Banking¹ would like to inform customers that effective

immediately

a certification that the instruction refers to trades between different counterparties is no longer mandatory for against payment transactions.

However, the underlying requirement of the Bank of Greece that the respective against payment instructions refer to transfers that are neither portfolio transfers nor transactions with no change of beneficial owner remains fully in place.

Customers are encouraged to continue to add the following statement to the  narrative field (:70E::SPRO), “We confirm that this instruction refers to trades between different counterparties”.

There is no change to the requirements for free of payment receipts in Clearstream Banking and the details provided in the customer announcement A15183 dated 17 September 2015 remain in force.

Further information

The Creation Link Guide – Greece – BOGS has been updated to reflect the requirements.

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.