Transaction management enhancement on Eurobond transactions - Update
Note: This announcement, originally published on 19 September 2022 and amended on 9 November 2022, has been further updated to confirm the actual implementation date. Changes have been highlighted.
As communicated in Announcement C22010, Clearstream Banking1 automatically performs detection of market claims and reverse market claims as well as generation of market claims and transformations in cash.
Clearstream Banking informs clients that, effective
12 June 2023
Market claims and transformations in cash generated on transactions in Eurobonds between Clearstream Banking AG (CBF) and Clearstream Banking S.A. (CBL) will be paid to the originating CBF account via payment without delivery (PFOD) instructions.
For further information, clients 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, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.