Greece: Reporting enhancement for cash debits linked to Greek Sales Tax
Clearstream Banking1 informs customers that effective
13 June 2022
the data reported to customers for the payment of Greek sales tax linked to CBL- CBL delivery against payment (sales) transactions will be enhanced.
For the purpose of the Greek Sales Tax, effective 12 April 2021, Clearstream Banking, as a registered intermediary in the settlement chain, prepares tax declaration files, on behalf of its customers, for CBL- CBL delivery against payment transactions (internal trades) settling in Clearstream Banking’s books.
Currently, Clearstream Banking provides the CBL unique transaction reference number (1 to 7 alphanumerical characters) that identifies the delivery against payment transaction; this reference is visible in Xact Web Portal in the Cash instruction query.
Impact on customers
To enable customers to better identify their underlying clients, Clearstream Banking will start reporting the following to customers:
- the sender’s reference (SEME) present in the field :20C: of the customer instruction (MT543);
- ISIN (International Securities Identification Number),: and
- Quantity (quantity of securities sold).
This information will be visible in Xact Web Portal under Cash instruction query.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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.