Spain: First phase of market Reforma - Adaptation of settlement systems for equities – Reminder
Clearstream Banking1 reminds its customers that effective from settlement date
2 May 2016
the first phase of the Reforma of the Spanish clearing, settlement and registry system will be taking place. This includes the implementation of a central clearing counterparty (CCP) and the migration of the settlement system for equities to the new platform (ARCO).
The securities migrating to Iberclear’s new platform ARCO are listed equities, including the Spanish regional equities, warrants and ETFs.
Clearstream Banking invites its customers to refer to announcements A15237, dated 24 March 2016, and A16050, dated 24 March 2016, for the detailed impacts of the Reforma implementation and the cutover details.
Further information
For further information, customers may contact 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.