Mexico: Direct access to the Mexican CSD Indeval - Migration of assets to a new account - postponed

Note: This announcement, originally published on 21 November 2018 and updated on 26 November, has been updated to inform customers that Clearstream Banking will no longer be moving the assets from Citibanamex third party account to a direct account at the Mexican CSD Indeval on 10 December 2018. Please refer to Announcement A18170.

Effective

10 December 2018

Clearstream Banking¹ will enhance its Mexican link by moving the assets from Citibanamex third party account to a direct account at the Mexican CSD Indeval.

This direct account will be operated by our agent on the Mexican market Citibanamex.

This is in order to ensure compliance with CSDR and provide better protection of customer assets.

Impact on customers

Settlement process

The instruction formats, reporting and service level will not change for customers.

Allowed countervalue difference

Allowed settlement countervalue difference changes to MXN 50.

Cut-over procedure

Securities will be migrated after the customer instruction deadlines.

Pending transactions

All pending instructions, including matched instructions, at close of business Friday 7 December 2018 will automatically be cancelled and customers and their respective counterparties will have to reinstruct after the successful completion of the migration on Monday morning 10 December 2018 with the new account details.

Customers are requested to provide their settlement instructions with requested settlement date on or after Monday 10 December 2018 only from 9 December 2018.

Instruction specifications

Instruction specifications for Xact via SWIFT, Xact File Transfer, CreationOnline and Xact Web Portal remain unchanged.

Procedure for domestic counterparties

Please advise your domestic counterparties to instruct to receive or deliver their securities for settlement date 10 December 2018 and onwards as follows:

Deliver to/from: Clearstream Banking S.A

Account in Indeval (Mexican CSD): 03 041 0102

In favour of: name and account number of CBL customer

Domestic counterparties that are Citibanamex clients must quote the broker code 5402 in their instructions instead of the above mentioned Clearstream Banking's account at Indeval.

Further information

The Market Link Guide - Mexico will be updated in due course.

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 Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.