U.S. Ukraine- and Russia-related sanctions update VII

Clearstream Banking¹ refers to its previous Announcement A18083 concerning Ukraine-/Russia-related Designations and Identification and the Issuance of Ukraine- and Russia-related General License 13C of the United States Department of the Treasury on 31 July 2018.

Clearstream customers are advised that Clearstream will only accept and process settlement instructions until 17:30 CET on 22 October 2018 for securities issued by entities covered by OFAC General License 13C.

No instructions will be accepted if they are made after this deadline, or if they have an intended settlement date after 22 October 2018.

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

Please note that, effective 23 October 2018, pending instructions in the impacted securities will be cancelled. Any positions which remain on customer accounts will be blocked from this date, so all instructions will be rejected thereafter.

Instructions to receive or deliver affected securities until 22 October 2018

When instructing the receipt of any of 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.

Income and corporate events

In respect of expected forthcoming income events that arise between now and 22  October 2018, Clearstream Banking intends to apply the provisions of General Licenses 13C, 14, 15 and 16.

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 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, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.